Bill & Melinda Gates Foundation supported a broad range of social, health, and education developments including the establishment of the Gates Cambridge Scholarships at Cambridge University. In 1994, the foundation was formed as the William H. Gates Foundation. During the foundation's following years, funding grew to $2 billion. On June 15, 2006, Gates announced his plans to transition out of a day-to-day role with Microsoft, effective July 31, 2008, to allow him to devote more time to working with the foundation. In 2005, Bill and Melinda Gates, along with the musician Bono, were named by "Time" as Persons of the Year 2005 for their outstanding
Bill & Melinda Gates Foundation spend more of their budgets on public health than on wars, that the foundation has donated at least $70 million to help improve nutrition and agriculture in Africa, in addition to its disease-related initiatives and that it is studying ways to improve the delivery of health care in Africa. Both insiders and external critics have suggested that there is too much deference to Bill Gates's personal views within the Gates Foundation, insufficient internal debate, and pervasive "group think." Critics also complain that Gates Foundation grants are often awarded based on social connections and ideological allegiances rather than based on formal