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Bill Gates Biography (William Henry Gates III): Microsoft Founder
Famous for : Being the richest man in the world, a cofounder of the software company Microsoft, and for being one of the world's most generous philanthropists.
Gates details : Born - USA October 28, 1955 Lives - United States of America
More Gates : Bill Gates - Buffett Gives to Gates Foundation - Person of the Year 2005 - Melinda Gates

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The Bill & Melinda Gates Foundation was founded in 2000 by Bill and Melinda Gates and is the largest openly operated charitable foundation in the world. Its purpose is to increase information and educational resources to the public in the United States. Around the world the Gates Foundation works to reduce extreme poverty and promote better health and information resources.

Bill Gates, the founder and longtime Chief Executive Officer of Microsoft, one of the world's largest software companies, began establishing specific endowments with his wife Melinda in 1994. Although they had been committed philanthropists throughout their marriage, they were determined to create a source of funds through which they could fund programs and projects directly in line with their development beliefs. As advocates of education and information technology, Bill and Melinda Gates set on establishing their own Foundations with the help of stocks.

With a total of $94 million in stock in 1994, Gates enlisted his father, William H. Gates Sr., as manager of the accounts. The original endowments created the William H. Gates Foundation and were geared towards improving global health and community needs in areas around Seattle, Washington. As of July, 2007, the Foundation has an endowment of $37.6 billion.

Three years later in 1997, Bill Gates and his wife Melinda created the Gates Library Foundation to provide computer resources to underprivileged communities via public libraries. Patty Stonesifer, a former executive with Microsoft, was named to manage the foundation. The Gates Library Foundation remained a separate entity from the William H. Gates Foundation with separate resources and goals.

In 1999, the Gates Library Foundation grew into the Gates Learning Foundation in order to cover a broader range of educational needs throughout communities nationwide. With a $16 billion contribution from Bill and Melinda Gates, the William H. Gates Foundation is renamed the Bill and Melinda Gates Foundation. One year later, in 2000, the two foundations merge to become the current Bill and Melinda Gates Foundation. The merger was designed to combine global and local initiatives and goals. The focus became that of enhancing global health, libraries and education and to promote education and community development in the Pacific North West and Seattle.

The Foundation continued to grow and in June of 2006, Warren Buffett, billionaire and founder of Berkshire Hathaway, contributed an estimated 10 million shares from his stockholdings which had an estimated worth of $30.7 billion at the time of donation. The shares are designated as holdings and will be dispersed to match the Foundation funds donated to projects. Read more about the Warren Buffett donation to the Gates Foundation.

The Foundation is organized into three specific programs: Global Health, Global Development, and United States. Each program and division has its own manager and employees. The three trustees of the Foundation still remain as Bill Gates, Melinda Gates and now Warren Buffet with the CEO as Patty Stonesifer and Co-chair William H. Gates Sr.

The Global Health Program has funds comparable to those of UN World Health Organization and gives approximately $800 million every year to the development of global health needs and vaccinations. The Foundation also gives to universities and research programs to fight HIV/AIDS.

The Global Development Program helps create opportunities for sustainable growth through library and education projects as well as financial services and agricultural initiatives.

The United States Program focuses mostly on improving educational resources around the country and donating to organizations that provide better access to information.

Bill Gates will formally leave his position at Microsoft in 2008 to dedicate all of his time to the Bill and Melinda Gates Foundation.



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Bill Gates Quotes Bill Gates Quotes


Is the rich world aware of how four billion of the six billion live? If we were aware, we would want to help out, we'd want to get involved.
Bill Gates - Philanthropy - Life - Rich - Helping

Having kids has been a fantastic thing for me. It's meant that I'm a little more balanced. In my twenties I worked massively, hardly took vacation at all. Now, I, with the help of my wife, I'm always making sure I've got a good balance of how I spend my time.
Bill Gates - Work - Family - Time

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