Formerly known as the William H. Gates Foundation, the Bill & Melinda Gates Foundation is generally known by its acronym BMGF. Launched in 2000, by the co-founder of Microsoft, Bill Gates, BMGF is widely recognised as the largest private foundation in the world. With $46.8 billion worth of assets to its name, the foundation is controlled by three trustees which include Bill and Melinda Gates and business magnate and philanthropist Warren Buffet. Operating from its headquarters in Seattle, Washington, the foundation works in the United States and across the globe. Key areas of focus include global health, global development, global growth and opportunity and a dedicated U.S. program.
BMGF’s Global Operations
Africa – With half of the foundation’s resources dedicated to projects in Africa, the BMGF dedicates considerable time and effort to the region.
China – Inaugrated in 2007, the BMGF China office has taken inspiration from the growth and development achieved by China in recent decades, particularly in the provision of affordable health products.
Europe – The BMGF has worked in Europe since its foundation, with a range of partners from governments, universities, NGOs, community groups and research institutions.
India – Working closely with state and central governments across the whole of India, the foundation’s core work covers the key sectors of health, sanitation, agriculture and development.
Middle East – Focussing on the provision of vaccines, improved agricultural production and crisis response services, the foundation works with key state and private funders supporting its aims in the region.
Bill & Melinda Gates Foundation Initiative to Speed Development and Access to Therapies for COVID-19
In response to the coronavirus outbreak, also known as COVID-19, the Bill & Melinda Gates Foundation have joined forced with Wellcome and Mastercard. Establishing a seed funding mechanism, with an aim to accelerate the development of therapies to combat the spread of the virus, the BMGF has stepped in with $125 million.