bill and melinda
Bill and Melinda Gates

The Bill & Melinda Gates Foundation

Previously the William H. Gates Foundation, the Bill & Melinda Gates Foundation is an American private foundation founded by Bill and Melinda Gates. Based in Seattle, Washington, it was launched in 2000 and is reported to be the largest private foundation in the world, holding $46.8 billion in assets. The primary goals of the foundation are to enhance healthcare and reduce extreme poverty across the globe, and to expand educational opportunities and access to information technology in the U.S. The foundation is controlled by its three trustees: Bill and Melinda Gates, and Warren Buffett.

Philanthropy Work

Bill Gates, who has been one of the wealthiest men in the world for decades, made his fortune as the co-founder of Microsoft. The company, which was a key player in the personal computer revolution in the 1990s, eventually became a corporate behemoth, and Gates became a household name as a tech titan and business magnate.

Gates stepped down as Microsoft CEO in January 2000, shifting his attention to philanthropy and other assorted projects. In March 2020, Gates stepped down from Microsoft’s board, though he maintains about 1.3% of shares in the company. In 2010, Bill and Melinda Gates, alongside billionaire investor Warren Buffett, founded the “Giving Pledge,” a movement encouraging other billionaires to donate most of their wealth to charity either during their lifetimes or after their deaths. The voluntary group now includes more than 200 families and individuals from more than 20 countries.

Bill and Melinda Gates have given $45.5 billion to charitable causes, including the eponymously named Bill & Melinda Gates Foundation, since 1994, CNBC reported, citing the Chronicle of Philanthropy. In 2019, the couple donated $589 million to charity, making them the seventh most philanthropic people last year.

Despite these significant contributions and pledges, Gates remains one of the wealthiest people in the world. From 2000 to 2007, Bill Gates was the richest man in the world, and rotated that title with Buffett and Mexican telecommunications tycoon Carlos Slim from 2008 to 2013. In 2018, Gates lost the title to Amazon founder Jeff Bezos. Gates remains the second-richest man in the world, according to Forbes.

Most Impactful and Life-Changing Philanthropic Projects

"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"