Is Bill and Melinda Gates Foundation tax exempt?
501(c)(3)
Bill & Melinda Gates Foundation/Tax deductibility code
Is Bill and Melinda Gates Foundation a nonprofit?
We are a nonprofit fighting poverty, disease, and inequity around the world. For over 20 years, the Bill & Melinda Gates Foundation has been committed to tackling the greatest inequities in our world.
What is the main goal of the Bill and Melinda Gates Foundation?
In developing countries, it focuses on improving people’s health and giving them the chance to lift themselves out of hunger and extreme poverty. In the United States, it seeks to ensure that all people—especially those with the fewest resources—have access to the opportunities they need to succeed in school and life.
Who audits Bill and Melinda Gates Foundation?
KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee.
Does the Gates Foundation pay tax?
The Bill & Melinda Gates Foundation (the Foundation) and the Bill & Melinda Gates Foundation Trust (the Trust) are tax-exempt private foundations. The Trust holds and manages the donated investment assets from Bill and Melinda Gates, and Warren Buffett.
Who funded Bill Gates Foundation?
Funds for grants in developing countries
| Organization | Amount ($ millions) |
|---|---|
| World Health Organization | 1,535.1 |
| The Global Fund to Fight AIDS, Tuberculosis and Malaria | 777.6 |
| PATH | 635.2 |
| United States Fund for UNICEF | 461.1 |
How much has Bill and Melinda Gates Foundation donated?
It has since become one of the world’s biggest philanthropic foundations, and had an endowment of $49.8 billion as of 2019. Its has funded work in areas including global health, emergency relief, education, and poverty, and has pumped around $1.75 billion into COVID-19 relief efforts.
What is the success story of Bill Gates?
Entrepreneur and businessman Bill Gates and his business partner Paul Allen founded and built the world’s largest software business, Microsoft, through technological innovation, keen business strategy and aggressive business tactics. In the process, Gates became one of the richest men in the world.
Who Funds Bill and Melinda Gates foundation?
The Foundation Trust holds the endowment, including the annual installments of Warren Buffett’s gift, and funds the foundation. Bill and Melinda are the trustees for the Foundation Trust, and the endowment continues to be managed, as it has been for more than 10 years, by a team of outside investment managers.
What is it like to work at the Bill and Melinda Gates foundation?
81% of employees at Bill & Melinda Gates Foundation say it is a great place to work compared to 59% of employees at a typical U.S.-based company. We have special and unique benefits here. Our facilities contribute to a good working environment.