Bill Gates: 8 Sony . - ADR transactions (Bill & Melinda Gates (2024)

FAQs

What is the acronym for the Bill and Melinda Gates Foundation? ›

The Bill & Melinda Gates Foundation (BMGF), a merging of the William H. Gates Foundation and the Gates Learning Foundation, is an American private foundation founded by Bill Gates and Melinda French Gates.

The trust holds the donated investment assets from Bill Gates and Melinda French Gates and receives contributions from Warren Buffett. The primary role of the trust is to manage the investment assets and transfer proceeds to the foundation as necessary to achieve the foundation's charitable goals.

How do I apply for a grant from the foundation? We do not make grants outside our funding priorities. In general, we directly invite proposals by directly contacting organizations. We do occasionally award grants through published Requests for Proposals (RFPs).

The foundation's $8.6 billion 2024 budget was formally approved by its board of trustees on January 13. The budget, which represents an increase of 4% over last year and is a $2 billion increase over the 2021 budget, comes as global contributions to health in the lowest-income countries are stalling.

As co-chair of the Bill & Melinda Gates Foundation, Bill Gates shapes and approves foundation strategies, advocates for the foundation's issues, and sets the organization's overall direction.

Bill Gates and Melinda French Gates are trustees for the Foundation Trust, and the endowment is managed by Cascade Asset Management Company.

According to the EdelGive Foundation and Hurun Report 2021, the founder of Tata Group, Jamsetji Tata, has been recognized as the most charitable person of the past century, having donated a staggering Rs 829,734 crore.

The Foundation Trust holds the endowment, including the annual installments of Warren Buffett's gift, and funds the foundation.

There is no set amount needed to establish a private foundation. It really just depends on how much money your endowment fund needs to generate an adequate amount of investment income to fund your chosen grants. Most foundations will start off with anywhere from several hundred thousand dollars to millions of dollars.

How did Bill Gates get rich? ›

By the start of the 1990s he had become the PC industry's ultimate kingmaker. Largely on the strength of Microsoft's success, Gates amassed a huge paper fortune as the company's largest individual shareholder.

The Bill & Melinda Gates Foundation has its headquarters in Seattle, Washington, where the Gates family has lived for generations.

The largest charitable foundation in terms of world total assets is the Novo Nordisk Foundation in Copenhagen, Denmark with assets of $49.1 billion. A close second is the Bill and Melinda Gates Foundation with funds of 46.8 billion.

Details regarding the divorce were never made public, even after it was finalized. Sources reported that Melinda walked away with $76 billion, but it was not confirmed.

From 1994 through 2018, Bill and Melinda gave the foundation more than $36.0 billion. Those donations resulted in a tax savings of approximately 11% of the contributions they made over that time.

The Giving Pledge is a simple concept: an open invitation for billionaires, or those who would be if not for their giving, to publicly commit to give the majority of their wealth to philanthropy either during their lifetimes or in their wills.

In March 2020, Gates left his board positions at Microsoft and Berkshire Hathaway to focus on his philanthropic efforts on climate change, global health and development, and education. Since 1987, Gates has been included in the Forbes list of the world's billionaires.

In October 2006, our trustees created a two-entity structure. One entity, the Bill & Melinda Gates Foundation, distributes money to grantees. The other, the Bill & Melinda Gates Foundation Trust, manages the endowment assets.