Difference between revisions of "Gates Foundation"
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| − | The Gates Foundation was established and funded by [[Bill Gates]] and his wife Melinda, and receives annual donations by [[Warren Buffett]].<ref>http://www.gatesfoundation.org</ref> It is the largest charitable, grant-giving foundation in the world, with assets in excess of $33 billion and a promise to receive another $60 billion over several decades. The vast majority of the donations from the Gates Foundation goes towards secular, non-faith-based programs. The federal government gives a much higher percentage of discretionary grants to faith-based programs than the Gates Foundation does. | + | The Gates Foundation was established and funded by [[Bill Gates]] and his wife Melinda, and receives annual donations by [[Warren Buffett]].<ref>http://www.gatesfoundation.org</ref> It is the largest charitable, grant-giving foundation in the world, with assets in excess of $33 billion and a promise to receive another $60 billion over several decades. The vast majority of the donations from the Gates Foundation goes towards secular, non-faith-based programs. The federal government gives a much higher percentage of discretionary grants to faith-based programs than the Gates Foundation does. For example, 11% of [[United States of America|United States]] federal community grants by the Bush Administration goes towards [[faith-based programs]]. Zero percent of the $100+ million in grants by the [[Gates Foundation]] in 2007 has gone towards faith-based programs, even though the the [[Gates Foundation]] is not constrained by the [[Establishment Clause]].<ref>[http://www.gatesfoundation.org/UnitedStates/Grants/default.htm?showYear=2007] </ref> |
As of January 2007, the Gates Foundation was making grants at a rate of $1.75 billion per year. It announced its plan to increase that to $3.5 billion per year by 2009, and to give all the money away within 50 years of the death of Bill or Melinda Gates, whichever occurs latest. | As of January 2007, the Gates Foundation was making grants at a rate of $1.75 billion per year. It announced its plan to increase that to $3.5 billion per year by 2009, and to give all the money away within 50 years of the death of Bill or Melinda Gates, whichever occurs latest. | ||
Revision as of 16:57, July 21, 2007
The Gates Foundation was established and funded by Bill Gates and his wife Melinda, and receives annual donations by Warren Buffett.[1] It is the largest charitable, grant-giving foundation in the world, with assets in excess of $33 billion and a promise to receive another $60 billion over several decades. The vast majority of the donations from the Gates Foundation goes towards secular, non-faith-based programs. The federal government gives a much higher percentage of discretionary grants to faith-based programs than the Gates Foundation does. For example, 11% of United States federal community grants by the Bush Administration goes towards faith-based programs. Zero percent of the $100+ million in grants by the Gates Foundation in 2007 has gone towards faith-based programs, even though the the Gates Foundation is not constrained by the Establishment Clause.[2]
As of January 2007, the Gates Foundation was making grants at a rate of $1.75 billion per year. It announced its plan to increase that to $3.5 billion per year by 2009, and to give all the money away within 50 years of the death of Bill or Melinda Gates, whichever occurs latest.
The Gates Foundation focuses its gifts in the areas of global health, global development, education and technology in public libraries.
The Foundation is controlled by the Gates family, and for about five years until 2006 Melinda Gates exercised considerable control. However, in 2006 the Foundation restructured as follows:[3]
- Patty Stonesifer, CEO
- Dr. Tadataka "Tachi" Yamada as president, Global Health
- Sylvia Mathews, president, Global Development
- Allan Golston, president U.S. Programs.
Co-chairs of the foundation remain Bill Gates, Melinda Gates, and his father, William H. Gates Sr. They retain authority over large grants.
Funding of Abortion
In response to criticism from the public and perhaps due to Melinda Gates' daily involvement, the Gates Foundation apparently refrained from directly funding abortion. However, with its reorganization in late 2006, funding of abortion groups appears to have begun again. For example, in January 2007 the Gates Foundation gave $25,000 to fund general operating support of the International Women's Health Coalition,[4] which lists as a priority "access to safe abortion."[5] Also in January 2007, the Gates Foundation gave $200,000 to the Planned Parenthood of Western Washington for "a youth development program,"[6] an abortion provider.[7]
References
- ↑ http://www.gatesfoundation.org
- ↑ [1]
- ↑ Marilyn Chase, "Gates's new role in foundation promises questions," The Wall Street Journal (June 26, 2006).
- ↑ http://www.gatesfoundation.org/AboutUs/Grants/Grant-47811.htm
- ↑ http://www.charitynavigator.org/index.cfm/bay/search.summary/orgid/7733.htm
- ↑ http://www.gatesfoundation.org/Search/default.htm?&keywords=Planned+Parenthood&Category=0&Topic1=0&Topic2=0&DocType=0&UseDate=False&yearFrom=2007&monthFrom=6&dayFrom=7&yearTo=2007&monthTo=7&dayTo=7&SearchType=0&runsearch=Y&startPage=1&recordsPerPage=20&SortBy=RANK&SortOrder=descending&SortType=number
- ↑ From an open letter posted on the website of the Planned Parenthood of Western Washington: "If you need to make an appointment, contact us at 1-800-yyy-yyyy. If you are in the process of undergoing an abortion or are scheduled for a follow-up visit, it is very important that you attend your next appointment."[2]