Bill and Melinda Gates Foundation

Also found in: Acronyms.

Bill and Melinda Gates Foundation,

philanthropic institution founded in 1994 by Microsoft chairman Bill GatesGates, Bill
(William Henry Gates 3d), 1955–, American business executive, b. Seattle, Wash. At the age of 19, Gates founded (1975) the Microsoft Corp., a computer software firm, with Paul Allen. They began by purchasing the rights to convert an existing software package.
..... Click the link for more information.
 and his wife, Melinda, to improve the lives of the poor throughout the world, primarily through grants for projects relating to global health care, education, libraries, and the Pacific Northwest. Known as the William H. Gates Foundation until 1999, it was merged in 2000 with the Gates Learning Foundation (earlier the Gates Library Foundation, est. 1997). The world's wealthiest charitable foundation, it had assets of more than $30 billion in 2006, when investor Warren BuffetBuffett, Warren Edward
, 1930–, American financial executive, b. Omaha, Nebr., studied at Wharton School of Finance (1947–49), grad. Univ. of Nebraska (B.S., 1950), Columbia (M.S., 1951).
..... Click the link for more information.
 pledged donations totaling an additional $31 billion. That year Bill Gates announced that, over the next two years, he would lessen his involvement with Microsoft in order to devote more time to the foundation. The Gates Foundation has its headquarters in Seattle, Wash. and is particularly noted for its efficient operation, accountability, and adherence to strict business practices.

Some 60% of foundation's resources are committed to global health programs, particularly in developing countries, focused mainly on the prevention of infectious diseases and the promotion of reproductive and child health. Particular areas of concern include HIV/AIDS, malaria, tuberculosis, polio, and vaccine research and production. Support for American education is also significant, with programs frequently aimed at raising high school graduation rates; educational assistance is offered through school and research grants, professional development programs, scholarships, and other projects. Other programs provide libraries with Internet-ready computers, support endeavors benefitting the Pacific Northwest, and fund special projects.

References in periodicals archive ?
Karandaaz Pakistan is supporting small and medium entrepreneurs, increasing access to finance for unbanked populations by leveraging digital technologies, developing and disseminating evidence-based insights, and encouraging innovation in financial space with funding support from the Bill and Melinda Gates Foundation (BMGF) and United Kingdom's Department for International Development (DFID).
The Bill and Melinda Gates Foundation provides technical and financial resources to accelerate specific vaccination campaigns, routine immunisation and raising awareness.
Bush attended the conference as Director of Life Science Partnerships - Global Health at Bill and Melinda Gates Foundation.
THE Bill and Melinda Gates Foundation donation to the Liverpool School of Tropical Medicine to help the fight against malaria is wonderful and generous, but that's the person he is.
The Bill and Melinda Gates Foundation pledged to commit $10 billion over the next 10 years to aid efforts to distribute vaccinations to the world's poorest countries.
The Bill and Melinda Gates Foundation has renewed efforts to increase education and distribute supplies such as antibiotics and sterile medical implements.
Warren Buffett, the world's second-wealthiest person, donated $31 billion of his $44 billion fortune to the Bill and Melinda Gates Foundation.
The Bill and Melinda Gates Foundation announced Thursday it will donate $1.
to devote more time to his foundation, Warren Buffett announced last month his plan to give 10 million shares of Berkshire Hathaway stock to the Bill and Melinda Gates Foundation.
He will hand 10 million shares in his Berkshire Hathaway investment firm to the Bill and Melinda Gates Foundation.
In October, the Bill and Melinda Gates Foundation announced its latest donation to combat malaria--US$258 million--of which $108 million will go to search for a vaccine, $100 million to hunt for new drugs (resistance to older drugs is becoming common), and $50 million to develop insecticides and other forms of mosquito control.
SPOKANE -- The Bill and Melinda Gates Foundation will give $750 million to Global Alliance for vaccines and immunizations.