Bill Gates with the Office of the Secretary of the State of New Mexico. Gates never returned to Harvard to complete his studies. Microsoft's Altair BASIC was popular with computer hobbyists, but Gates discovered that a pre-market copy had leaked into the community and was being widely copied and distributed. In February 1976, Gates wrote an Open Letter to Hobbyists in the MITS newsletter in which he asserted that more than 90 percent of the users of Microsoft Altair BASIC had not paid Microsoft for it and by doing so the Altair "hobby market" was in danger of eliminating the incentive for
University of Cambridge of Cambridge's income comes from UK government funding for teaching and research, with another third coming from other research grants. Endowment income contributes around £130 million. The university also receives a significant income in annual transfers from the Cambridge University Press. In 2000, Bill Gates of Microsoft donated US$210 million through the Bill and Melinda Gates Foundation to endow the Gates Scholarships for students from outside the UK seeking postgraduate study at Cambridge. In the year ended 31 July 2013 the university had a total income of £1.44 billion, of which £332 million was from research grants and contracts. The