Bill and Melinda Gates Foundation
(Sometimes misspelled as: Bill and Belinda Gates Foundation)
The Bill and Melinda Gates Foundation was founded in 2000 through the merger of the Gates Learning Foundation and the William H. Gates Foundation. Funded with an initial $126 million, the endowment grew to $2 billion within three years and at present has an endowment of $38.7 billion. This makes it the largest charitable organization in the world. Bill and Melinda Gates – along with Bono – were even named the 2005 TIMES Persons of the Year for their efforts in philanthropy.
The three major programs under the Bill Melinda Gates Foundation are the Global Health Program, Global Development Program and the United States Program.
Bill Melinda Gates Foundation Initiative 1: Global Health Program
The Global Health Program has launched many important initiatives, including the Global Alliance for Vaccines and Immunization, the Institute for OneWorld Health, Children’s Vaccine Program and HIV research.
Bill Melinda Gates Foundation Initiative 2: Global Development Program
The Global Development Program is committed to eradicating poverty, with impactful initiatives such as the Financial Access Initiative, Alliance for a Green Revolution in Africa, Rice Research and the Access to Learning Award.
Bill Melinda Gates Foundation Initiative 3: United States Program
The United States Program has a major focus on domestic issues – especially education. Some of the most well-known initiatives include the Gates Millennium Scholars Program, Gates Cambridge Scholarships, Gates Center for Computer Science at Carnegie Mellon University, and the University Scholars Program at Duke University.