BILL AND MELINDA GATES FOUNDATIONS: Charity start from home
Bill and Melinda gates foundation is a private organization of the USA founded by bill gates and his wife Melinda gates. It is the world largest privately owned foundation. It is founded in Washington, it was launched in 2000 and now it has more than $50 billion in turnover. It was founded to achieve certain goals, no boundaries of the country, to improve healthcare facilities and educational system for removing poverty in different parts of the world. In the USA, their approach was to increase educational opportunities and connect everybody with the expansion of Information technology. This organization is working on funding of two main giants: 1] Bill Gates and Melinda Gates 2] Warren buffet. Other main people include Co-Chairman William H. Gates, Sr. and Chief Executive Officer Mark Suzman.
It had assets of about 50 billion as of February 22, 2019. The scale of the foundation and the way it seeks to apply business techniques to giving makes it one of the leaders in venture 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 the USA, and Warren Buffett the first. In 2018, Bill and Melinda Gates had donated around $37 billion to the foundation. Since it was founded, the organization has owned and set up a broad range of social, health, and education progress including the establishment of most significant Gates Cambridge Scholarships at Cambridge University.
The foundation explains on its official website that its working divided the organization into two entities: 1] the Bill & Melinda Gates Foundation and the Bill 2] Melinda Gates Foundation Trust. The foundation section, based in Washington, USA, “focuses on improving health and alleviating extreme poverty”, and its trustees are Bill and Melinda Gates and Warren Buffett. The trust section manages “the investment assets and transfers proceeds to the foundation as necessary to achieve the foundation’s charitable goals” —it holds the assets of Bill and Melinda Gates, who are the core trustees, and receives contributions from Buffett.
To keep its status as a charitable organization, the Bill & Melinda Gates Foundation must donate funds equal to at least 5% of there property each year. As of April 2014, the foundation has four program areas under chief executive officer Susan Desmond-Hellmann, who sets strategic priorities, monitors results, and facilitates relationships with key partners. These are
- Global Development Division
- Global Health Division
- United States Division
- Global Policy & Advocacy Division
- Global Growth & Opportunity Division
The organization maintains an online dashboard of grants which they give and their progress in all this division. They not only work on health and education but also in agricultural and sanitation. Its some significant work includes:
1] In March 2006, the foundation announced a $5 million grant for the International Justice Mission (IJM), a human rights organization based in Washington, D.C., US to work in the area of sex trafficking. These works have a greater impact on the safety of women.
2] In October 2000, William Gates established the Gates Cambridge Scholarships which allow students and scholars from the U.S. and around the world to study at Cambridge University, one of the top universities in the world. Many life gets changed due to this scholarship and these benefited students then created many patents in a different field.
3] A $35 million grant for the AFI supports a coalition of countries from the developing world to create savings accounts, insurance, and other financial services that are made available to people living on less than $2 per day. Due to this step, many of the unorganized sectors come under registration in many poor countries and worker started getting advantage of PFs, gratuity etc.
4] A $1.5 million grant allows Grameen Foundation to approve more microloans that support organisation goal of helping five million additional families, and successfully freeing 50 per cent of those families from poverty within five years. In these, they have provided a large number of loans to self-help groups in villages which lead to the buildup of basic infrastructure in remote areas and ultimately poverty eradication.
5] Between November 2007 and October 2010, the Gates Foundation offered $19.9 million to the International Rice Research Institute. The goal of the aid was to support the increasing world demand for rice. this institute also does various researches in different variety of rice and developed organic species. They also promoted different techniques that increase production.
6] The Gates Foundation has partnered with the Rockefeller Foundation to enhance agricultural science and small-farm productivity in Africa, building on the Green Revolution that the Rockefeller Foundation spurred in the 1940s and 1960s. This can eventually lead to a crop surplus condition of many farmers in African villages.
7] The Water, Sanitation and Hygiene (WASH) program of the Bill & Melinda Gates Foundation was launched in mid-2005 as a “Learning Initiative”, and became a full-fledged program under the Global Development Division in early 2010. The foundation has since 2005 undertaken a wide range of efforts in the WASH sector involving research, experimentation, reflection, advocacy, and field implementation. In 2009, the foundation decided to refocus its WASH effort mainly on sustainable sanitation services for the poor, using non-piped sanitation services (i.e. without the use of sewers), and less on water supply. The region in which this program launched resulted in the development of personal hygiene and also resistance to different diseases which infect women. In 2011, the foundation launched a program called “Reinvent the Toilet Challenge” to promote the development of innovations in toilet design to benefit the 2.5 billion people that do not have access to safe and effective sanitation
8] This organization also work in an area where disaster hits. During 2004 Indian ocean tsunami the foundation made total grant donations of $3 million to various charities to help with the aid effort for victims of the earthquake. These charities include: CARE international, International Rescue Committee, Mercy Corps, Save the Children, and World Vision. During the 2005 Kashmir earthquake, the foundation made a donation of $500,000 for the earthquake. All these were very important for those whose life was drastically hit by the disaster. During the time of pandemic in 2014, the Gates Foundation released “flexible funds” in the order of $50 million to United Nations agencies and other organizations involved in the work against the deadly disease Ebola in West Africa. Now also when the entire world is facing lockdown due to corona this foundation is promoting different research institute for development of vaccine and not only that they also feeding the poor population in different countries.
- This foundation was also involved in some controversies. On September 24, 2019, the Bill and Melinda Gates Foundation gave its Goalkeepers Global Goals award to Indian prime minister Narendra Modi. The decision to award Modi was widely criticized by academics, Nobel Prize laureates, and human rights activists from all over the world. A petition signed by over 1 lakh people also demanded that the Gates Foundation take back the award. Critics insisted that Modi was a Hindu nationalist prime minister and was involved in Gujrat riots 2002. But still, nothing happened.
Overall I will suggest that this organization is the opportunity for all NGOs who want to do something for society but have lack of funds and for also the student who want their bright future but facing a money problem.