Bill And Melinda Gates

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.


Filed Under:

comments powered by Disqus
Hot Definitions
  1. Direct Bidder

    An entity that purchases Treasury securities at auction for a house account rather than on behalf of another party.
  2. Mortgage Modification

    A permanent change in a homeowner's home loan terms that makes the monthly loan payments affordable.
  3. Leveraged Benefits

    The use – by a business owner or professional practitioner – of their company’s receivables or current income to secure a loan whose proceeds then indirectly fund a retirement plan.
  4. Direct Consolidation Loan

    A loan that combines two or more federal education loans into a single loan. A Direct Consolidation Loan allows the borrower to make a single monthly payment. The loan is facilitated by the U.S. Department of Education and does not require borrowers to pay an application fee.
  5. Through Fund

    A type of target-date retirement fund whose asset allocation includes higher risk and potentially higher return investments "through" the fund's target date and beyond.
  6. Last In, First Out - LIFO

    An asset-management and valuation method that assumes that assets produced or acquired last are the ones that are used, sold or disposed of first.
Trading Center