Gates Foundation

Gates Foundation
Formation2000; 25 years ago (2000)[1]
Founders
TypeNon-operating private foundation[2]
Legal status501(c)(3) organization
PurposeHealthcare, education, fighting poverty
HeadquartersSeattle, Washington, U.S.
Coordinates47°37′25″N 122°20′44″W / 47.62361°N 122.34556°W / 47.62361; -122.34556
Area served
Worldwide
MethodDonations, grants
Key people
  • Bill Gates (Chair)
  • Mark Suzman (CEO)[3]
Endowment$75.2 billion (2023)[4]
Employees2,026 (2023)[4]
Websitewww.gatesfoundation.org
Formerly called
  • Bill & Melinda Gates Foundation (2000–2024)
  • William H. Gates Foundation
  • Gates Learning Foundation

The Gates Foundation[a] is an American private foundation founded by Bill Gates and Melinda French Gates. Based in Seattle, Washington, it was launched in 2000 and is reported to be the third largest charitable foundation in the world,[6][7] holding $69 billion in assets as of 2020.[4] The primary stated goals of the foundation are to enhance healthcare and reduce extreme poverty across the world, and to expand educational opportunities and access to information technology in the U.S. Key individuals of the foundation include Warren Buffett, chief executive officer Mark Suzman,[8] and Michael Larson.[9]

The BMGF had an endowment of approximately $75.2 billion as of December 31, 2023.[4] The scale of the foundation and the way it seeks to apply business techniques to giving makes it one of the leaders in venture philanthropy,[10] though the foundation itself notes that the philanthropic role has limitations.[11] In 2007, its founders were ranked as the second most generous philanthropists in the U.S., behind Warren Buffett.[12] As of 2018, Bill Gates and Melinda French Gates had donated around $36 billion to the foundation.[13][14] Since its founding, the foundation has endowed and supported a broad range of social, health, and education developments, including the establishment of the Gates Cambridge Scholarships at Cambridge University.

  1. ^ "History". Bill & Melinda Gates Foundation.
  2. ^ Bill & Melinda Gates Foundation, FoundationCenter.org, accessed February 10, 2016.
  3. ^ "About Mark Suzman" Archived June 24, 2021, at the Wayback Machine, Bill & Melinda Gates Foundation: ". . . holds a doctorate in international relations from Oxford University, where he was a Rhodes scholar."
  4. ^ a b c d "Foundation Fact Sheet". Bill & Melinda Gates Foundation. Archived from the original on February 22, 2021. Retrieved July 27, 2024.
  5. ^ "William H Gates Sr". Bill & Melinda Gates Foundation. Archived from the original on December 6, 2020. Retrieved December 4, 2020.
  6. ^ "Bill & Melinda Gates Foundation Financial Statement 2020" (PDF). Archived (PDF) from the original on June 3, 2021. Retrieved May 26, 2021.
  7. ^ "Novo Nordisk Holdings Report 2020" (PDF). Archived (PDF) from the original on March 28, 2021. Retrieved May 26, 2021.
  8. ^ Schleifer, Theodore (December 5, 2019). "The Gates Foundation has enormous impact. Its CEO leaving could have an enormous impact, too". Vox. Archived from the original on July 26, 2024. Retrieved March 12, 2020.
  9. ^ Warwick-Ching, Lucy (October 21, 2015). "Cascade Investment, Bill Gates' wealth manager". The Financial Times Ltd. Archived from the original on December 10, 2022.
  10. ^ "The birth of philanthrocapitalism". The Economist. February 23, 2006. Archived from the original on September 25, 2009. Retrieved September 22, 2008.
  11. ^ "Guiding Principles". Archived from the original on March 6, 2010. Retrieved July 7, 2009.
  12. ^ "The 50 Most Generous Philanthropists". Bloomberg Businessweek. Archived from the original on September 20, 2013.
  13. ^ "Foundation FAQ". Bill & Melinda Gates Foundation. Archived from the original on July 26, 2024. Retrieved January 29, 2020. From 1994 through 2018, Bill and Melinda gave the foundation more than $36.0 billion.
  14. ^ "Bill Gates". Forbes. Archived from the original on August 20, 2017. Retrieved January 29, 2020. To date, Gates has donated $35.8 billion worth of Microsoft stock to the Gates Foundation.


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