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NewsSep 13 2017, 5:47 pm ETBill Gates Says Charities Can’t Make Up for Foreign Aid Cutsby Dan CoreyCharitable organizations like the Bill & Melinda Gates Foundation are “absolutely not” equipped to compensate for lost development aid caused by funding cuts, including those proposed by President Donald Trump, Bill Gates cautioned in an interview published Wednesday.“There’s no way to balance a cut in [a] rich country’s generosity,” Gates told The Guardian in an interview before the United Nations General Assembly opens next week.Gates said his foundation, the largest private philanthropic organization in the world, spends more than $3 billion annually on development assistance. That figure translates to about one-tenth of the U.S. aid budget, and nearly one-fiftieth of the $143 billion global aid budget. Continued: https://www.nbcnews.com/news/us-news/bill-gates-says-charities-can-t-make-foreign-aid-cuts-n801101