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Bill & Melinda Gates Foundation – No. 1

first_img Tags: World Charity Index 2014 Thursday 18 December 2014 1:38 am Bill & Melinda Gates Foundation – No. 1 USA – £2.169bnIn a game of word association, most people on hearing the name Bill Gates would immediately say Microsoft. Yet with the Bill and Melinda Gates Foundation having already given away a staggering £20bn since its 2000 foundation, it’s a safe bet that in a couple of decades time, the charity will be more famous than the tech giant he co-founded. It’s already the biggest private foundation in the world, and arguably the most powerful. Since billionaire investor Warren Buffett pledged in 2006 to give the foundation most of his fortune, its firepower has almost doubled.  Gates, who has pledged to give away 95 per cent of his wealth, has taken on the charitable sector with the same kind of zeal with which he devised the Microsoft mission to get a PC in every home and business. CATALYTIC PHILANTHROPYThe foundation, which focuses on poverty and disease globally, and on education in the US, has gone for what Gates calls “catalytic philanthropy” – basically investing for big returns. It’s taken on big missions: eradicating polio and malaria and has thrown its money into areas which have so far been underfunded. When the foundation made its first big grant for malaria research – it nearly doubled the amount of money spent on the disease worldwide. Not because its grant was so big, but because up until then there had been little investment in malaria research. But the foundation does more than just hand over money, it actively tries to direct the strategy on the issues it targets, partnering with governments agencies, non-governmental organisations (NGOs) and other charities to maximise its effectiveness. MAKING BETSIt also funds research, such as into new drugs and vaccines, providing seed funding for various ideas. “We think an essential role of philanthropy is to make bets on promising solutions that governments and businesses can’t afford to make. As we learn which bets pay off, we have to adjust our strategies and share the results so everyone can benefit,” Gates says. And by all accounts the self-declared nerd who dropped out of Harvard and ending up changing the world with his MS-DOS operating system for personal computers, has applied a similar hands on approach to philanthropy. EBOLA“He’s a very impressive man. He can talk in detail about health issues and his approach to philanthropy is strategically really sound,” says Angela Kail, head of the funders team at charity consultancy NPC. She points out that the foundation’s £31m pledge in September to help step up efforts to tackle the deadly Ebola virus in the affected countries was typical. “The money was split between the on the ground treatment and research, so short and long term. They responded really quickly, but still kept their strategic outlook,” she adds. AFRICAThe charity’s roots stem back to 1993 when Bill Gates and his wife Melinda went to Africa to see wild animals but ended up getting their first look at extreme poverty. Gates joined the foundation full time in 2006, and says because he and Melinda, both co-chairs, have built it together, it echoes the partnership he had with his Microsoft cofounder Paul Allen. Melinda says while her husband takes a data-led approach, hers is more practical – working out, for example, how to persuade people to be vaccinated. “I think what I’ve taught him is to take that data and meet with people on the ground to understand, can you actually deliver that vaccine? Because the delivery piece is every bit as important as the science,” she says. For the full World Charity Index 2014 list take a look at our interactive graphic  whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPuffer fish snaps a selfie with lucky divernypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.com Sharecenter_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHero WarsThis game will keep you up all night!Hero WarsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekTele Health DaveRemember Pierce Brosnan’s Wife? 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