Posts Tagged ‘Bill Gates’

Bill Gates Learns to Give… Better

Tuesday, August 2nd, 2011

bill-gates-thinker.jpg
(photo credit: Steve Jurvetson)

Or, maybe, “Bill Gates learns to give to learn to teach so kids can learn?” Or something like that…

What we’re getting at here is that the Bill and Melinda Gates Foundation, by far the biggest charitable foundation in the world, has given away billions of dollars total, and hundreds of millions to education, however, they’ve had little measurable impact in the last ten years on the one thing they were really trying to change – how many kids from disadvantaged neighborhoods are going to college.

Luckily, the last 10 years in schools have taught Bill Gates something – that he needs to learn more! Taking an idea from the private sector and applying it to education, the Gates Foundation thinks that a little R&D is exactly what the educational system needs to come up with innovative solutions to its big problems. And that’s where he’s going to put his money now.

It turns out that the business world and non-profit world aren’t so different. A lot of what we do spending and growing our money has real impact on society and the environment, and things we do in one are of our financial lives can apply to other areas in new and cool ways.

It’s not always just about giving more, but about learning to give better.

Billionaires as far as the eye can see

Thursday, January 6th, 2011

billionaires-of-the-world.jpg
click to see the full-size version

Woah! There sure are a lot of billionaires in America. And at least one of them has been doing a great job of living within his means… Bill Gates tops the list of American billionaires for the 13th year in a row.

Maybe it’s time to start that software company you’ve always dreamed of…

ilovecharts:

via Kurt White

Facebook Founders Pledge To Give Away Most Of Their Assets

Thursday, December 9th, 2010

Why wait until you’re dead to make your mark on the world?

  • Mark Zuckerberg and Facebook co-founder Dustin Moskovitz are the latest billionaires to sign on to “The Giving Pledge.” They’re part of a growing number of wealthy individuals choosing to get involved in philanthropy while they’re still young.
  • The Giving Pledge was thought up by Warren Buffet and Bill Gates, who are on a joint mission to get other billionaires to donate the majority of their wealth to charity before they die.
  • Internet and technology billionaires like Gates and Zuckerberg have a special motivation to give – they’ve already built their wealth by trying to change the world.

Facts & Figures

  • More than 50 billionaires have signed onto the pledge so far
  • In 2008, donations in the U.S. totaled $315 billion; in 2009, that number fell to $303.75 billion
  • Zuckerberg recently pledged $100 million in donations to Newark public schools

Best Quote

“Wealth is an advantage, but it also is frankly a responsibility.” – Nicolas Berggruen, Investor, recently signed on to The Giving Pledge

Indian Billionaires Reluctant To Give

Wednesday, August 18th, 2010

In a country wrought with poverty, giving to the poor becomes a challenge in its own right.

  • Bill Gates and Warren buffet, two of the wealthiest individuals in the world, recently pledged to give half of their net worth to charity.
  • The pledge has been replicated by 38 other American billionaires, but in India – home to two of the richest people in the world – wealthy individuals have not made the same commitment.
  • Those billionaires contacted regarding the challenge evaded commenting on the subject.
  • Experts say that Indian billionaires donate less because the opportunities for giving are fewer and often tainted by corruption.

Facts & Figures

  • Indians collectively donate 0.6% of their country’s GDP to charity. While Canada donates 1.3% and the U.S. 2.2%.
  • Just 10% of charitable giving in India comes from individuals or companies, compared to 75% in the United States.

Best Quote

“Indians just don’t trust the organizations that want money or that they could give to. Often they find themselves in the position that even if they want to give, there is no mechanism available to them by which they could give.” – Emily Harrison, Founder, Innovaid

Philanthropy As A Badge Of Wealth

Monday, August 16th, 2010

Philanthropy becomes a symbol of wealth as more billionaires pledge their fortunes to charity.

  • Warren Buffet and Bill Gate’s philanthropic challenge to the wealthy encourages more wealthy families to give.
  • As a result, philanthropy is rapidly becoming a status symbol.
  • Not only is there a growing expectation for wealthy families to give their money away, they are expected to be actively involved in philanthropy.
  • Some are worried that if philanthropy is seen as a privilege of the wealthy, it will devalue the charity endeavors of regular Americans.

Facts & Figures

  • Individual Americans gave more than $227 billion in 2009.

Best Quote

“Clearly pressure on the elite is high right now to say that they are giving money away and that will make it trendy. People who have enough money to give away but maybe haven’t thought about that… those folks will want to do what Warren Buffett and Bill Gates are doing.” – Stacy Palmer, Editor, The Chronicle of Philanthropy

Following Gates, Co-Founder Of Microsoft Plans To Donate $13.5 Billion

Thursday, July 15th, 2010

Billionaire co-founder of Microsoft plans to leave the majority of his fortune to philanthropy.

  • Paul Allen is worth an estimated $13.5 billion and has announced that he’s donating most of it to continue the work of the Paul G. Allen Family Foundation.
  • This public announcement was in response to Bill Gates’ and Warren Buffet’s campaign to encourage billionaires to donate half of their wealth to charity.
  • Allen’s Foundation was started 20 years ago, and it has distributed 3,000 grants totaling about $400 million.
  • For the most part, the Foundation has remained local (Pacific Northwest) and personal.

Facts and Figures

  • Paul Allen is 57 years old.
  • Forbes ranked Allen as the 37th richest person.
  • Allen has donated approximately $1 billion in his life to date.

Best Quote

“As our philanthropy continues in the years ahead, we will look for new opportunities to make a difference in the lives of future generations.” – Paul Allen, Co-Founder of Microsoft

Who is the United States’ biggest philanthropist?

Wednesday, July 14th, 2010

There are many big-time philanthropists in the U.S., but the biggest is none other than Bill Gates, founder of Microsoft. He and his wife, Melinda, started the Bill and Melinda Gates Foundation, which, among other things, spends approximately $800 million a year on medical research. In January 2010, the foundation pledged $10 billion towards vaccine research over the next ten years in an effort to vaccinate 90% of the un-vaccinated children in Third World countries. Melinda Gates estimates that the research will help save 8 million children’s lives over the next decade. The $10 billion dollars is a substantial increase over the $4.5 billion (approximately) that the charity allocated towards vaccine research in the previous decade.

Gates And Buffett Encourage Fellow Billionaires To Give It Away

Wednesday, June 23rd, 2010

For the past year, Bill Gates and Warren Buffett have been campaigning to get other American billionaires to donate at least half of their fortunes to charity.

  • People are asked to donate their money either during their lifetime or after death.
  • Most of the money raised by charities comes from normal people donating $5-$50 at a time.
  • Gates and Buffett encourage large donors to publicly pledge and explain their decision.

Facts and Figures

  • Buffett donated 99% of his $46 billion fortune to charity in 2006.
  • Gates and Buffett believe they can generate $600 billion through these pledges.
  • American philanthropies received $300 billion in donations in 2009.
  • Only 17 people on the Forbes’s 400 wealthiest people in America are also on the Chronicle of Philanthropy’s list of the most generous American donors.

Best Quote

“The pledge is a moral commitment to give, not a legal contract. It does not involve pooling money or supporting a particular set of causes or organizations.” – A written statement by Bill Gates, Co-Founder of Microsoft Corporation and Warren Buffett, chairmenn and CEO of Berkshire Hathaway Inc.