Bill & Melinda Gates Foundation

Bill & Melinda Gates Foundation

Bill & Melinda Gates Foundation operates as a non-profit organization that focuses on healthcare, poverty, and educational sectors in developing countries.

Company Overview

The organization provides grants for agricultural development, global health, and technical education programs. Bill & Melinda Gates Foundation was formerly known as William H. Gates Foundation and changed its name in 2000. The organization was founded in 1994 and is headquartered in Seattle, Washington.

History

The Bill & Melinda Gates Foundation is a grant-making foundation that supports initiatives in education, world health and population, and community giving in the Pacific Northwest. In its local region, the foundation promotes strategies and programs that help low-income families. The Bill & Melinda Gates Foundation was co-founded by Bill Gates and Melinda Gates in 2000 and is based in Seattle, Washington, with regional offices in Washington, D.C.; New Delhi, India; Beijing, China; and London, United Kingdom. Its trustees are Bill and Melinda Gates, and Warren Buffett.

The Bill & Melinda Gates Foundation is a partner of the Global Fund, provides cash contributions, participates on its board and committees, and supports the Global Fund's advocacy, communications and fundraising efforts.

The Gates Foundation has contributed US$2 billion to the Global Fund as of January 2018, and pledged US$600 million for the Global Fund's Fifth Replenishment, covering 2017-2019. This includes US$132 million in matching funds with the United Kingdom's private sector malaria matching challenge, and up to US$100 million to unlock other private sector contributions, including funds that go through (RED). The Gates Foundation and other foundations are represented on the Global Fund Board through the private foundations delegation.

The main mission of the foundation is to make advances in:.

  • Discover new insights to fight diseases and other health problems affecting developing countries.
  • Develop effective and affordable vaccines, medicines, and other health tools.
  • Deliver health solutions.

The foundation's Global Health Program that accounts for about 50 percent of total spending focuses on 20 diseases. The top five are: diarrheal diseases (including rotavirus), pneumonia, malaria--most deadly to kids--and AIDS and TB, which mostly affect adults.

The Bill & Melinda Gates Foundation supports advocacy efforts to build awareness of global health challenges, develop new ways to finance health programs, and improve health data.

Investments

Bill & Melinda Gates Foundation has made 93 investments. One such investment was on Jan 29, 2019, when they invested $55M in Lyndra Therapeutics. Bill & Melinda Gates Foundation has had 14 exits which include Novartis, Moderna Therapeutics, and Synlogic. Bill & Melinda Gates Foundation has $43M in revenue annually and it competes with Carnegie Corporation of New York, Open Society Foundations, and Lumina Impact Ventures.

The Gates Foundation has funded many of the Friends of the Global Fund organizations as well as advocacy partners in both developing and developed countries. The foundation provided support to develop and launch initiatives like Debt2Health and (PRODUCT)RED. The foundation has also funded special initiatives in the health supply chain related to the Global Fund.

Timeline

February 2020

The Bill & Melinda Gates Foundation commits up to $100 million to help fight against the Corona virus.

September 17, 2019

The Bill & Melinda Gates Foundation launches its third annual Goalkeepers Data Report.

January 2018

The Gates Foundation has contributed US$2 billion to the Global Fund as of January 2018, and pledged US$600 million for the Global Fund's Fifth Replenishment, covering 2017-2019.

Funded Companies

Company
Description
Website
Industry
Location

A company developing antibody-based biological medicines for kidney diseases and other chronic diseases. Visterra was acquired by Otsuka Pharmaceutical in 2018.

A medical company in Massachusetts focusing on lowering the cost of vaccine distribution.

A biotechnology company that develops medicines based on live bacterial consortia that can colonize the human intestine.

Clinical stage biotechnology company focused on treating infectious diseases using recombinant nanoparticle vaccine technology

Evolve Biosystems is a company developing a consumer product, Evivo, that improves infants' gut health.

A biopharmecutical company developing human antibody based therapies

Butterfly Network is a company developing and designing a medical imaging device for real-time and three-dimensional or 3D imaging and treatment.

BetterLesson is a Cambridge, Massachusetts-based company.

A company developing targeted monoclonal antibody immunotherapies for the treatment of infectious diseases

Affinivax is a Cambridge, Massachusetts-based company founded in 2014 by Richard Malley, MD, Fan Zhang, PhD, Yingjie Lu, PhD and Kamran Tavangar.

A company developing diagnostic platforms such as test for HIV/AIDS and cell counting

CropIn Technology Solutions is an India-based business analytics company founded by CropIn Technology.

Lyndra Therapeutics is a Watertown, Massachusetts-based company.

PnuVax is a Kingston, Ontario-based company founded in 2011 by Dr. Donald Gerson, Jonas Elliott Gerson and Allison Turner.

Stellapps is an India-based company.

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News

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Katie Thomas and Megan Twohey
July 16, 2020
www.nytimes.com
Novavax just received the Trump administration's largest vaccine contract. In the Maryland company's 33-year history, it has never brought a vaccine to market.
Kim Lyons
July 11, 2020
The Verge
Microsoft founder Bill Gates said Saturday that drugs and a future vaccine to treat COVID-19 should go where they are most needed, not just to the highest bidder. "We need leaders to make these hard decisions about distributing based on equity, not just on market-driven factors."
Chris Ciaccia
July 2, 2020
Fox News
With coronavirus cases continuing to rise across the U.S., Bill Gates has partly laid the blame on social media companies such as Facebook and Twitter, saying they can do better at curbing the spread of misinformation about the virus.
Srividya Kalyanaraman
June 26, 2020
AmericanInno
Bill & Melinda Gates Foundation invests in better pesticides with Enko
Mark Terry
June 4, 2020
BioSpace
The fund, called the Emergency Support Instrument, would be used to increase vaccine manufacturing capacity in Europe.
ANI
May 14, 2020
@bsindia
The PM sought suggestions from Gates, who is co-chair, Bill & Melinda Gates Foundation, on how Indias capacities and capabilities could be better leveraged for the general benefit of the world
Darrell Etherington
April 27, 2020
TechCrunch
Microsoft founder Bill Gates spoke to the Financial Times (via Fast Company) about how the work of the Bill & Melinda Gates Foundation has shifted "almost entirely" to working on addressing COVID-19, in the interest of making the post impact possible in the ongoing effort to contain and combat the global coronavirus pandemic. Gates told [...]
Chris Ciaccia
April 23, 2020
Fox News
Microsoft co-founder and billionaire philanthropist Bill Gates has laid out a plan on how to reopen the U.S. economy after the coronavirus pandemic, calling for a massive increase in testing and technological innovation.
Daisuke Wakabayashi, Davey Alba and Marc Tracy
April 17, 2020
www.nytimes.com
The Microsoft co-founder turned philanthropist has been attacked with falsehoods that he created the coronavirus and wants to profit from it.
Daisuke Wakabayashi, Davey Alba and Marc Tracy
April 17, 2020
www.nytimes.com
The Microsoft co-founder turned philanthropist has been attacked with falsehoods that he created the coronavirus and wants to profit from it.
Agencies
April 13, 2020
@bsindia
Gates said several countries have failed on providing proper healthcare and there will be a post-mortem when the disease is tackled
April 5, 2020
The Economic Times
A new 21-year old case reported in Dharavi, Asia's largest slum. Air Deccan is ceasing all its operations until further notice, all employees of the airline to go on sabbatical without pay.
April 2, 2020
WebWire
Pfizer Inc. (NYSE: PFE) today announced the election of Dr. Susan Desmond-Hellmann to its Board of Directors, effective immediately. Dr. Desmond-Hellmann, age 62, was also appointed to the Governance & Sustainability Committee and the Science and Technology Committee of Pfizer's Board. Dr. Desmond-Hellmann served as Chief Executive Officer of the Bill & Melinda Gates Foundation from 2014 until 2020, where she oversaw the creation of the Gates Medical Research Institute--the world's first n...
March 30, 2020
WebWire
Today, the partners in the COVID-19 Therapeutics Accelerator announced grants of $20 million to three institutions--the University of Washington, University of Oxford, and La Jolla Institute for Immunology--to fund clinical trials in order to identify highly potent immunotherapies for the COVID-19 pandemic. These grants mark the first investments to come from the COVID-19 Therapeutics Accelerator, a large-scale initiative launched by the Bill & Melinda Gates Foundation, Wellcome, and Masterc...
Rob Thubron
March 27, 2020
TechSpot
In a Facebook post, CEO Zuckerberg wrote that he and wife Priscilla were committing $25 million to accelerate the development of treatments for Covid-19. The money comes from The Chan Zuckerberg Initiative (CZI) and will be given to the Covid-19...
Jay Peters
March 27, 2020
The Verge
The Chan Zuckerberg Initiative has committed $25 million to a research fund designed to help identify and develop treatments for the disease caused by the novel coronavirus.
Chris Ciaccia
March 19, 2020
Fox News
Microsoft co-founder Bill Gates said a potential shutdown of a country could last between 6 and 10 weeks if all goes well, amid the coronavirus pandemic.
Jennifer Allen
March 16, 2020
feedproxy.google.com
He plans on prioritising his philanthropic endeavours instead.
Jonathan Stempel
March 14, 2020
U.S.
Warren Buffett's Berkshire Hathaway Inc said on Friday that former American Express Co Chief Executive Officer Kenneth Chenault has been nominated to the conglomerate's board of directors, replacing Microsoft Corp co-founder Bill Gates.
March 14, 2020
The Economic Times
The 64-yr-old tech titan on Saturday stepped down from the boards of MS, Berkshire Hathaway.
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