Bill And Melinda Gates

AAA

DEFINITION of 'Bill And Melinda Gates'

Two out of the three co-chairs of the Bill and Melinda Gates Foundation. William (Bill) H. Gates III, founder of Microsoft and his wife Melinda French Gates founded the Bill and Melinda Gates Foundation with the directive of improving the lives of persons both in the United States, and abroad in 2000. The third co-founder of the Bill and Melinda Gates foundation is Bill Gate's father, William H. Gates Sr.

The foundation is guided by 15 principles that reflect the Gates' beliefs and values, and how their philanthropy can improve life for those around them.

INVESTOPEDIA EXPLAINS 'Bill And Melinda Gates'

The Bill and Melinda Gates Foundation was formed when two other foundations were merged. The William H. Gates Foundation was merged with the Bill and Melinda's Gates Library Foundation in 2000. The William H. Gates Foundation was directed by William H. Gates Sr.

Over the years, the Bill and Melinda Gates Foundation has helped numerous causes and charities, which generally focus on health and educational issues. In 2006, the foundation's assets increased dramatically when famous investor and friend Warren Buffett pledged billions of dollars to the foundation.

RELATED TERMS
  1. Steve Ballmer

    A long-time key executive and chief executive officer of Microsoft ...
  2. Carlos Slim

    A magnate of the Mexican telecommunications industry. Slim made ...
  3. Deduction

    Any item or expenditure subtracted from gross income to reduce ...
  4. Philanthropy

    Charitable giving to human causes on a large scale. Philanthropy ...
  5. Tax Credit

    An amount of money that a taxpayer is able to subtract from the ...
  6. Charitable Donation

    A gift made by an individual or an organization to a nonprofit ...
Related Articles
  1. Investing

    Can I donate stock to charity?

    Giving stock, instead of cash, as a donation can greatly benefit both parties. You will find that most charities, hospitals, schools and other nonprofit organizations will accept stock as a gift ...
  2. Investing Basics

    The Christmas Saints Of Wall Street

    Learn how some of world's richest people spread holiday cheer year-round.
  3. Taxes

    Deducting Your Donations

    Generosity may be its own reward, but some charitable giving also provides personal tax benefits.
  4. Retirement

    Gifting Your Retirement Assets To Charity

    There are several things to consider when it comes to this type of charitable giving. Make sure you're well informed.
  5. Options & Futures

    Financial Wisdom From Three Wise Men

    Learn nine simple rules to success from the talented Buffett, Gartman and Pearson.
  6. Insurance

    Warren Buffett: The Road To Riches

    Find out how he went from selling soft drinks to buying up companies and making billions of dollars.
  7. Professionals

    Understanding Interpersonal Skills

    Interpersonal skills are the social skills people use to interact effectively with other people. A lack of good interpersonal skills may lead to unsuccessful personal relationships, as well as ...
  8. Investing News

    The 5 Wealthiest People in Mexico

    Most people in the know have heard of Carlos Slim and his massive fortune. But what about Mexico's other richest people?
  9. Professionals

    How Mukesh Ambani Has Expanded Reliance Industry

    Mukesh Ambani has expanded Reliance Industries and increased its revenues, but his public image, and that of his company, have not fared as well.
  10. Professionals

    Who Counts as an Entrepreneur?

    An entrepreneur is a person who starts a new business or organization, taking some personal financial risk to do so. He or she may quit a secure job to devote time to starting the new business, ...

You May Also Like

Hot Definitions
  1. Weather Insurance

    A type of protection against a financial loss that may be incurred because of rain, snow, storms, wind, fog, undesirable ...
  2. Portfolio Turnover

    A measure of how frequently assets within a fund are bought and sold by the managers. Portfolio turnover is calculated by ...
  3. Commercial Paper

    An unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories ...
  4. Federal Funds Rate

    The interest rate at which a depository institution lends funds maintained at the Federal Reserve to another depository institution ...
  5. Fixed Asset

    A long-term tangible piece of property that a firm owns and uses in the production of its income and is not expected to be ...
  6. Break-Even Analysis

    An analysis to determine the point at which revenue received equals the costs associated with receiving the revenue. Break-even ...
Trading Center