Bill Gates has quietly stopped providing funds from his $77 billion foundation to a group that supports woke causes and Democratic candidates.
The Gates Foundation decided in late June to stop funding grants to nonprofits managed by Washington DC-based Arabella Advisors, according to an internal foundation announcement obtained by the New York Times.
Executives at the foundation, which generally supports health initiatives around the world, said it would not make any new investments with 'Arabella-related entities,' would not extend any existing grants to the for-profit consulting firm and would even try to 'pursue early exits' from a few long-term investments.
They cited a desire to engage more directly with grant recipients and cut back on the use of intermediaries as the reason for the change.
'Teams are increasingly working directly with programmatic partners - organizations that are deeply embedded in the communities we serve and [are] closely aligned with our mission,' the June 24 announcement said.
