This lens brings more about Bill Gates the social activist, his $600 billion challenge and about changing the world. In Bill Gates' $600 Billion Challenge I highlighted Bill Gates' move to try to change the world through charity.
The Bill & Melinda Gates Foundation (B&MGF or the Gates Foundation) is the largest transparently operatedprivate foundation in the world, founded by Bill and Melinda Gates. It is "driven by the interests and passions of the Gates family". 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 Jeff Raikes. It had an endowment of US$36.2 billion as of September 30, 2012. The scale of the foundation and the way it seeks to apply business techniques to giving makes it one of the leaders in the philanthrocapitalism revolution in global 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. In 2010, its founders had started The Commission on Education of Health Professionals for the 21st Century titled as "Transforming education to strengthen health systems in an interdependent world".
In 1994, the foundation was formed as the William H. Gates Foundation with an initial stock gift of US$94 million. In 1999, the foundation was renamed the Bill & Melinda Gates Foundation. After a merger with the Gates Learning Foundation in 2000, Gates gave an additional US$126 million. During the foundation's following years, funding grew to US$2 billion. On June 15, 2006, Gates announced his plans to transition out of a day-to-day role with Microsoft, effective July 31, 2008, to allow him to devote more time to working with the foundation.
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