THE GATES FOUNDATION
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The Gates
Foundation is the biggest private foundation in the world and it aims to
change it completely to make better and
more equal for everyone:
“Bill & Melinda Gates Foundation (or the Gates
Foundation, abbreviated as BMGF) is a private
foundation founded by Bill and Melinda Gates. It was launched in 2000 and is said to be
the largest transparently operated private foundation in the world. The primary aims of the foundation
are, globally, to enhance healthcare and reduce extreme poverty, and in
America, to expand educational opportunities and access to information
technology. The foundation, based in Seattle, Washington, is controlled by its three
trustees: Bill Gates, Melinda Gates and Warren Buffett. Other principal officers include Co-Chair William H.
Gates, Sr. and Chief
Executive Officer Susan
Desmond-Hellmann.
It
had an endowment of US$44.3 billion as of 31
December 2014. 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, though
the foundation itself notes that the philanthropic role has limitations. In 2007, its founders were ranked as
the second most generous philanthropists in America, and Warren Buffett the
first. As of May 16, 2013, Bill
Gates had donated US$28 billion to the foundation”
(Wikipedia, 2016)
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