If the conditions of the scholarship program were reversed, how would it be received? Namely, if only white people could apply for the scholarship, would that not be considered racist? Therefore, if white people are excluded on the grounds of race, then isn't that also racist? It sure sounds like it to me.

I fully agree that Bill Gates is free to do with his own money as he pleases. If he wanted, he could created the world's most expensive bonfire out of Microsoft stock and that would be his right so long as he got a burn permit. His Bill and Melinda Gates foundation is donating $24 billion to improve health conditions around the world, truly an incredible effort. I like his approach, too, in that it emphasizes results instead of just intentions.