Bill Gates says innovation can leverage change

Annual letter states technology can help needy more than government aid
By Donna Gordon Blankinship
The Associated Press

SEATTLE – The needs of the poor are greater than the money available to help them, but that’s not enough to discourage Bill Gates in his work as co-chair of the world’s largest charitable foundation.

In his second annual letter, issued Monday, Gates says investment in science and technology can leverage those dollars and make more of a difference than charity and government aid alone.

In his 19-page letter, Gates says the foundation currently is backing 30 areas of innovation including online learning, teacher improvement, malaria vaccine development, HIV prevention, and genetically modified seeds.

The Seattle-based foundation focuses most of its donations on global health, agriculture development and education. Since 1994, the foundation has committed to $21.3 billion in grants. As of Sept. 30, 2009, its endowment totaled $34.17 billion.

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