Keep in mind Ackman has been one of the most vocal voices in support of Isarel and speaking up against antisemitism on college campuses and antisemitism the world in general. His IPO attempt had to be cancelled last week. Watch closely.

@BillAckman
.
@melindagates
apparently does not consider me to be a philanthropist yet the
@PershingSqFdn
(our family’s foundation) and an affiliated DAF have made grants of more than $700m, have foundation assets of ~$1 billion still to give, and I am a signatory of the Giving Pledge. And unlike Melinda, every dollar of philanthropic gifts I have made, came from money I earned, not resources I married into.

All of that said, I don’t believe that philanthropy is the answer to societal problems.
@elonmusk
has done more for the world with his for-profit enterprises than any philanthropist ever.

In my experience, many if not most philanthropic organizations are inefficient and/or ineffective. For-profit organizations are vastly more effective in addressing societal problems than non-profits.

Therefore, in my view, philanthropy should be focused on addressing societal issues for which there is no current for-profit solution.

fortune.com - Melinda french gate...