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The time is 13:24:49 and the date is 3 September 2008
In 2000, Gates and his wife combined three family foundations into one to create the charitable Bill & Melinda Gates Foundation, which is the largest transparently operated charitable foundation in the world. The foundation is setup to allow benefactors access how its money is being spent, unlike other major charitable organizations such as the Wellcome Trust. The generosity and extensive philanthropy of David Rockefeller has been credited as a major influence. Gates and his father have met with Rockefeller several times and have modeled their giving in part on the Rockefeller family's philanthropic focus, namely those global problems that are ignored by governments and other organizations.
The foundation's grants have provided funds for:
- Farming/Agriculture
- college scholarships for under-represented minorities
- AIDS prevention
- diseases prevalent in third world countries
- other causes
In 2000, the Gates Foundation endowed the University of Cambridge with $210 million for the Gates Cambridge Scholarships. The Foundation has also pledged over $7 billion to its various causes, including $1 billion to the United Negro College Fund. According to a 2004 Forbes magazine article, Gates gave away over $29 billion to charities from 2000 onwards. These donations are usually cited as sparking a substantial change in attitudes towards philanthropy among the very rich, with philanthropy becoming the norm. Buffett, who was the world's second richest person, announced on June 25, 2006 that he has pledged to give the foundation 10 million Berkshire Hathaway Class B shares, spread over multiple years through annual contributions.
Gates announced on June 15, 2006 that he would move to a part-time role within Microsoft, leaving day-to-day operations management in July 2008 to begin a full-time career in philanthropy, but would remain as chairman and advisor. Gates credited Buffett with influencing his decision to commit himself to charitable causes. Days later, Buffett announced that he would begin matching Gates's contributions to the Gates Foundation of up to $1.5 billion per year in stock. Buffett helped to guide the foundation to give its endowment away quickly. It became one of the few charitable organizations with a lifespan, promising to spend all of its resources and to close within 50 years of the deaths of its founders.
Both Warren Buffet and Bill Gates have been ardent supporters of Planned Parenthood, a non-profit organization that receives financial support from the Buffet and Bill and Melinda Gates Foundations. Planned Parenthood performs approximately 20% of all abortions in the United States. Planned Parenthood receives almost a third of its money in government grants and contracts ($336.7 million in FY 2007) with the rest coming from clinic income and donations from wealthy individuals such as Bill Gates.
Recognition
Time magazine named Gates one of the 100 people who most influenced the 20th century, as well as one of the 100 most influential people of 2004, 2005, and 2006. Time also collectively named Gates, his wife Melinda and alternative rock band U2's lead singer Bono as the 2005 Persons of the Year for their humanitarian efforts. In 2006, he was voted eighth in the list of "Heroes of our time". Gates was listed in the Sunday Times power list in 1999, named CEO of the year by Chief Executive Officers magazine in 1994, ranked number one in the "Top 50 Cyber Elite" by Time in 1998, ranked number two in the Upside Elite 100 in 1999 and was included in The Guardian as one of the "Top 100 influential people in media" in 2001.
Gates has received honorary doctorates from Nyenrode Business Universiteit, Breukelen, The Netherlands in 2000, the Royal Institute of Technology, Stockholm, Sweden in 2002, Waseda University, Tokyo, Japan in 2005, Harvard University in June 2007, and from Karolinska Institutet, Stockholm, in January 2008. Gates was also made an honorary Knight Commander of the Order of the British Empire (KBE) from Queen Elizabeth II in 2005, in addition to having entomologists name the Bill Gates flower fly, Eristalis gatesi , in his honor.
In November 2006, he and his wife were awarded the Order of the Aztec Eagle for their philanthropic work around the world in the areas of health and education, particularly in Mexico, and specifically in the program " Un paÃs de lectores" .
Investments
Cascade Investments LLC, a private investment and holding company, incorporated in United States, is controlled by Bill Gates, and is headquartered in the city of Kirkland, WA.
Bibliography
Gates has authored two books:
- The Road Ahead (1995)
- Business @ the Speed of Thought (1999)
Notes
- ^ Lombardi, Candace (2007-06-08). "Bill Gates "graduates" from Harvard 30 years after dropping out", CNET News.com . Retrieved on 2008-08-04 .
- ^ a b "The World's Billionaires #3 William Gates III". Forbes (2008-03-05). Retrieved on 2008-03-06.
- ^ Gates, Bill. Interview with David Frost. PBS. November 1995.
- ^ Walter Isaacson (October 20, 2005). "In search of the real Bill Gates", TIME, p. 8.
- ^ (Manes 1994, p. 11)
- ^ a b Chapman, Glenn (2008-06-27). "Bill Gates Signs Off", Agence France-Presse .
- ^ Gates regularly documents his share ownership through public SEC form 4 filings.
- ^ (Manes 1994, p. 459)
- ^ (Lesinski 2006, p. 96)
- ^ (Manes 1994, p. 15)
- ^ (Manes 1994, p. 47)
- ^ (Manes 1994, p. 24)
- ^ (Manes 1994, p. 27)
- ^ a b (Gates 1996, p. 12)
- ^ (Manes 1994, p. 34)
- ^ (Gates 1996, p. 14)
- ^ (Lesinski 2006, p. 25)
- ^ (Gates 1996, p. 15)
- ^ Gates, William (1979). "Bounds for sorting by prefix reversal". Discrete mathematics 27 : 47–57. doi: 10.1016/0012-365X(79)90068-2 .
- ^ a b (Gates 1996, p. 19)
- ^ (Wallace & 1993 59)
- ^ (Gates 1996, p. 18)
- ^ a b c . " Microsoft Visitor Center Student Information: Key Events in Microsoft History " (.DOC). Microsoft. Retrieved on 2008-02-18.
- ^ a b c d "Microsoft history". The History of Computing Project. Retrieved on 2008-03-31.
- ^ (Manes 1994, p. 81)
- ^ Gates, Bill. "Remarks by Bill Gates" Waterloo, Ontario (2005-10-13). Retrieved on 2008-03-31
- ^ Maiello, John Steele Gordon Michael (2002-12-23). "Pioneers Die Broke". Forbes. Retrieved on 2008-03-31.
- ^ (Gates 1996, p. 54)
-
^
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