Last August, NPR profiled a Harvard-led experiment to help low-income families find housing in wealthier neighborhoods. Every quoted expert is connected to the Bill & Melinda Gates Foundation, which helps fund the project. NPR itself receives funding from Gates. The story ... is one of hundreds NPR has reported about the Gates Foundation or the work it funds, including myriad favorable pieces written from the perspective of Gates or its grantees. And that speaks to a larger trend - and ethical issue - with billionaire philanthropists' bankrolling the news. As philanthropists increasingly fill in the funding gaps at news organizations ... an underexamined worry is how this will affect the ways newsrooms report on their benefactors. Nowhere does this concern loom larger than with the Gates Foundation. During the pandemic, news outlets have widely looked to Bill Gates as a public health expert on covid - even though Gates has no medical training and is not a public official. PolitiFact and USA Today (run by the Poynter Institute and Gannett, respectively - both of which have received funds from the Gates Foundation) have even used their fact-checking platforms to defend Gates from "false conspiracy theories" and "misinformation," like the idea that the foundation has financial investments in companies developing covid vaccines and therapies. In fact, the foundation's website and most recent tax forms clearly show investments in such companies, including Gilead and CureVac.