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Bill & Melinda Gates Foundation

From Academic Kids

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$28.8 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)

The Institute for OneWorld Health

The foundation gave The Institute for OneWorld Health a donation of nearly US$10m to support the organization's work on a drug for visceral leishmaniasis (VL).

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

fr:Fondation Bill & Melinda Gates zh:比尔与梅林达·盖茨基金会

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