The philanthropy industry is an important development in the Seattle area, but there’s little evidence to support the claim in a Seattle Times article that it may drive the economy.
The state is home to about 200 organizations that “identified their work as having an impact on global health,” according to a University of Washington study cited in the article. But even the Gates Foundation — by far the world’s largest — will add just 200 positions to administer its growing programs. Though local entrepreneurs and wealthy retirees are increasingly involved and conferences here attract renowned speakers, the article doesn’t provide evidence of a deeper economic impact.