The Bill & Melinda Gates Foundation (USA)
From PhilanthropyWiki
| |||||||||||||||||||
| |||||||||||||||||||
| Is this your organisation? Log in to edit if you are a Member, or Contact the Administrators with your amendments. | |||||||||||||||||||
The Bill and Melinda Gates Foundation was created by Microsoft founder Bill Gates and his wife Melinda. The Foundation has an asset trust endowment of approximately US$37.3 billion and has made a total of US$16.5 billion in grant commitments since inception in 2000. The Foundation's endowment includes ongoing annual gifts from Warren Buffett.
Gates Foundation links to Australia
The Gates Foundation has made several significant contributions to Australian insitutions, mostly under the Global Health program. These grants total almost $30 million AUD and include:
- US$6.7 million to the University of Queensland for research into elimination of dengue fever transmission by mosquitoes
- US$1.1 million to Queensland University of Technology to produce a strain of nutritionally enhanced bananas as part of staple diet for Uganda
- US$5 million over five years to the Australian International Health Institute to improve prevention of HIV AIDS and other sexually transmitted diseases in India
- US$1 million over 26 months to the Australian International Health Institute to implement a communications plan for the reduction of HIV/AIDS related stigma and discrimination in Nagaland and Manipur
- US$9.7 million - Murdoch University in Perth - HIV vaccine research
- A US$1 million Access to Learning award to the Northern Territory Library for bringing computer and Internet technology to remote indigenous communities.
Australian researchers and institutions are also part of several international consortiums which have won grants from the Gates Foundation (such as $13 million, shared among several organisations, to develop treatment for malaria)
Australian scientist Sir Gustav Nossal is an advisor to the Foundation and in a 2007 interview in Australian Philanthropy Journal described his connection as follows:
"I was fortunate enough in 1997, when the Foundation was still quite small, to be named as the Founding Chairman of the Strategic Advisory Council of the Bill and Melinda Gates children's vaccine program, as it was then called. I rotated off that in 2003 but in point of fact they won't quite let me go! My work now mainly is in strategic advice and in reviewing - they get tremendous numbers of grant requests in the health and medical research field and they use a lot of outside advisors. A big grant might be US$20 million over five years, and the documentation for that grant might be 130 pages, plus appendices - and you've got to do it properly, for that sum of money!" Australian Philanthropy, issue 67
Sources
- Bill & Melinda Gates Foundation website, accessed 25 June 2008
- Australian Philanthropy, issue 67
