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Encyclopedia > Bill and Melinda Gates Foundation

The Bill & Melinda Gates Foundation is the world's largest charitable foundation. Endowed by Bill Gates, chairman and founder of Microsoft, and his wife, Melinda Gates. It was created in January 2000 through the merger of the Gates Learning Foundation and the William H. Gates Foundation. The foundation is based in Seattle, Washington and is led by William H. Gates, Sr. (Bill Gates' father) and Patty Stonesifer.


The foundation has an endowment of approximately US$27 billion. To maintain its status as a charitable foundation, it must donate at least 5 percent of its assets each year. This amounts to over $1 billion.

Contents

Donations

The foundation primarily focuses on the following areas:

The Global Alliance for Vaccines and Immunization

The foundation gave The Global Alliance for Vaccines and Immunization a donation of US$750 million on 25 January 2005.


Official site: VaccineAlliance.org (http://www.vaccinealliance.org/), Donation press release (http://www.vaccinealliance.org/Media_Center/Press_Releases/pr_newfunds_24Jan2005_en.php?&&)


Related links: News item at vnunet.com (http://www.vnunet.com/news/1160743)


Indian Ocean Earthquake

The foundation made total grant donations of US $3 million to various charities to help with the aid effort for victims of the 2004 Indian Ocean Earthquake. These charities include:

Children's Vaccine Program

The Children's Vaccine Program, run by the Program for Appropriate Technology in Health (PATH), received a donation of US$27 million to help vaccinate Japanese encephalitis on 9 December 2003.


Official site: ChildrensVaccine.org (http://childrensvaccine.org), Donation press release (http://childrensvaccine.org/html/rel-031209.htm)


Gates Millennium Scholars

Administered by the United Negro College Fund the foundation donated $1 billion US for minority student scholarships


Official site: www.gmsp.org


Access to Learning Award

Each year an award of up to US$1 million is given to a public library or similar organization outside the United States that has an innovative program offering the public free access to information technology.


Official site: Part of CLIR.org (http://www.clir.org/fellowships/gates/gates.html)


Gates Cambridge Scholarships

Donated US$210 million In October 2000 to help people outside of the United Kingdom study at the University of Cambridge. Approximately 100 students every year are funded.


Official site: Part of the Cambridge University site (http://www.gates.scholarships.cam.ac.uk/)


External links

  • Official website (http://www.gatesfoundation.org/)
  • Foundation Fact Sheet (http://www.gatesfoundation.org/MediaCenter/FactSheet/default.htm)
  • World's Largest Charitable Foundation (http://www.guinnessworldrecords.com/index.asp?id=55248)



  Results from FactBites:
 
Foundation says Gates, wife involved - Boston.com (487 words)
Bill Gates and his wife, Melinda, will both increase their involvement in the philanthropic foundation that bears their name, the nonprofit organization's CEO said Thursday.
Bill Gates founded the William H. Gates Foundation focusing on health issues in developing countries in 1994.
Bill and Melinda Gates are co-chairs of the nonprofit with his father, William H. Gates Sr.
Bill and Melinda Gates Foundation - definition of Bill and Melinda Gates Foundation in Encyclopedia (125 words)
Endowed by Bill and Melinda Gates, it was created in January 2000 through the merger of the Gates Learning Foundation and the William H. Gates Foundation.
The foundation is based in Seattle, Washington and is led by William H. Gates, Sr.
To maintain its status as a charitable foundation, it must donate at least 5 percent of its assets each year.
  More results at FactBites »

 
 

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