Bill & Melinda Gates Foundation Bill & Melinda Gates Foundation Bill & Melinda Gates Foundation (BMGF), previously branded as the 'William H. Gates Foundation', is a private foundation founded by Bill and Melinda Gates. It was launched in 2000, and is said to be the largest private foundation in the United States, holding $50.7 billion in assets. The primary aims of the foundation are, globally, to enhance healthcare and reduce extreme poverty, and, in the US, to expand educational opportunities and access to information technology. The foundation, based in Seattle, Washington, is controlled by its three trustees: Bill and Melinda Gates, and Warren Buffett. Other
Bill Gates since working on the TRS-80 Model 100, but as late as 1989 he wrote code that shipped with the company's products. He remained interested in technical details; in 1985, Jerry Pournelle wrote that when he watched Gates announce Microsoft Excel, "Something else impressed me. Bill Gates likes the program, not because it's going to make him a lot of money (although I'm sure it will do that), but because it's a neat hack." On June 15, 2006, Gates announced that over the next two years he would transition out of his day-to-day role to dedicate more time to philanthropy. He