TNF
No Result
View All Result
  • Login
  • Home
  • National
  • World
  • Politics
  • Economy
  • Health
  • Culture
  • Lifestyle
  • Controversies
  • Interviews
  • Tech
  • Opinion
  • Home
  • National
  • World
  • Politics
  • Economy
  • Health
  • Culture
  • Lifestyle
  • Controversies
  • Interviews
  • Tech
  • Opinion
No Result
View All Result
TNF
No Result
View All Result
Home World

What is the future of Bill and Melinda Gate’s hugely influential charity?

Kainat Ejaz by Kainat Ejaz
May 5, 2021
Reading Time:2 mins read
0
What is the future of Bill and Melinda Gate’s hugely influential charity?

 The shock announcement that billionaire philanthropists Bill and Melinda Gates are to divorce after 27 years of marriage has raised questions about the future of their hugely influential charity.

RELATED POSTS

Pakistan Customs Joins TradeLens as First Authority in region to Digitize Supply Chains

UN expects deaths of 1 Million Afghan infants in winters

Afghan military was involved in drug operations, claims TGDPI

Here, AFP looks at the Gates Foundation, from how it works and what projects it finances, to its impact on the pandemic and how the non-profit may be impacted by the split.

Its mission, and Massive budget

The couple says the idea for the foundation came to them as young parents when they read a newspaper article about millions of children in developing countries dying from easily treatable illnesses such as diarrhea and pneumonia.

In 2000, the Bill & Melinda Gates Foundation was launched to fight disease and poverty around the world. In the United States, an initial focus on providing access to computers and the internet was expanded to improving education in general.

With 1,600 staff members in offices around the world, the Gates Foundation gives away roughly $5 billion each year in areas like global public health and development. The foundation says it has spent $54.8 billion since its inception. More than $2 billion has gone towards fighting malaria alone with the aim of eradicating the mosquito-borne disease “within a generation.”

The charity has also contributed several billion dollars towards a global campaign to end polio through the widespread immunization of children. It donated more than $50 million during the Ebola outbreak in 2014.

Dozens of other programs it funds include nutrition, sanitation, maternal and newborn child health, and agricultural development. Last year, the foundation pledged about $250 million to help fight the pandemic, with some of the funds channeled to the distribution of life-saving doses of Covid-19 vaccines to parts of Sub-Saharan Africa and South Asia.

The money also went to testing, personal protective equipment, and support of overwhelmed health services, particularly in developing countries. It was also key in forming Covax, a global program to help supply vaccines to the poorest countries.

In total, the foundation says it has spent some $1.75 billion fighting Covid-19 since the start of the pandemic. It found itself embroiled in controversy though after it was accused of pushing Oxford University to sign an exclusive agreement with AstraZeneca for its vaccine rather than donate the rights to any drugmaker.

Does divorce threaten the foundation?

Bill, the fourth richest man in the world with a fortune valued by Forbes at $130 billion, and Melinda have pledged to continue working together for the foundation.

But their divorce could create new questions about their wealth, most of which has yet to be donated to the foundation, despite co-creating the Giving Pledge. The future of the Gates Foundation could depend on the financial terms of the divorce, which is still unknown.

Melinda might want to follow the example of MacKenzie Scott, who quickly gave away an estimated $6 billion after she divorced from Amazon founder Jeff Bezos in 2019 and is now a powerful independent philanthropist in her own right.

Tags: Bill Gates and Melinda's foundation
ShareTweetSend
Kainat Ejaz

Kainat Ejaz

Related Posts

Pakistan Customs Joins TradeLens as the First Authority in the Region to Intensify Efforts in Digitizing Supply Chains
Economy

Pakistan Customs Joins TradeLens as First Authority in region to Digitize Supply Chains

December 28, 2021
UN expects deaths of 1 Million Afghan infants in winters
Featured

UN expects deaths of 1 Million Afghan infants in winters

December 2, 2021
Afghan military was involved in drug operations
Featured

Afghan military was involved in drug operations, claims TGDPI

November 9, 2021
Indian Investment in Afghanistan since 2001
Featured

All the details of Indian Investment in Afghanistan since 2001

September 15, 2021
Kabul has fallen to Taliban
Controversies

Kabul has fallen to Taliban

August 15, 2021
Here is the Complete History of Durand Line
Controversies

Here is the Complete History of Durand Line

August 4, 2021
Next Post
Careem Co-Founder Mudassir Sheikha announces USD 2 Million for LUMS

Careem Co-Founder Mudassir Sheikha announces USD 2 Million for LUMS

Ignite Logo

Pakistan introduces digitization and tech based innovation in agriculture sector

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

Opportunity to Grow Exports through Himalayan Pink Salt

Opportunity to Grow Exports through Himalayan Pink Salt

April 30, 2021
Police could not find eyewitness to Noor's murder

Police could not find eyewitness to Noor’s murder

July 23, 2021
Best cultural sites in Pakistan to visit in 2021

Best cultural sites in Pakistan to visit in 2021

July 31, 2021

Popular Stories

  • Zahir Jaffer and Noor Muqaddam

    All You Need to Know About Zahir Jaffer and Noor Muqaddam

    0 shares
    Share 0 Tweet 0
  • Current Challenges Faced by Pakistan Textile Industry 

    0 shares
    Share 0 Tweet 0
  • Zahir Jaffer confronts Noor’s father in court, seeks pardon

    0 shares
    Share 0 Tweet 0
  • Jaffar Brothers distances itself from Zahir Jaffer

    0 shares
    Share 0 Tweet 0
  • US Embassy issues official statement on Zahir Jaffer

    0 shares
    Share 0 Tweet 0
TNF

The National Frontier is a publication focusing on regional and global issues, borders and frontiers across the world.

Recent Posts

  • A New Challenge: Forest Fires in Pakistan
  • There is a Looming Water Crisis in Pakistan
  • Yasin Malik is the symbol of freedom for Kashmir

Categories

  • Business
  • Controversies
  • Culture
  • Economy
  • Featured
  • Health
  • Interviews
  • Lifestyle
  • National
  • Opinion
  • Politics
  • Tech
  • Travel
  • Uncategorized
  • World

About Us

  • About TNF
  • Our Contributers
  • Subscribe
  • Privacy Policy
  • Advertise
  • Contact Us

© Copyrights 2021 The National Frontier. Powered by Effiesoft

No Result
View All Result
  • Home
  • National
  • World
  • Politics
  • Economy
  • Health
  • Culture
  • Lifestyle
  • Controversies
  • Interviews
  • Tech
  • Opinion

© Copyrights 2021 The National Frontier. Powered by Effiesoft

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?