INTRODUCTIONThe social entrepreneur we are featuring is Bill Gates.In this presentation, we focus on the Bill and Melinda GatesFoundations contributions to improve global development throughthe Foundation’s Global Development Programme.Poverty is defined as the state or condition of having little or nomoney, goods, or means of support.
SOCIAL ENTREPRENEUR – BILL GATESWilliam (Bill) Henry Gates III is chairman of Microsoft Corporation.Gates left Harvard in his junior year to devote his energies to Microsoft,company he had founded in 1975 with his childhood friend.On June 27, 2008, Gates transitioned out of a day-to-day role in the companyto spend more time on his global health and education work at the Bill &Melinda Gates Foundation. He continues to serve as Microsofts chairman andas an advisor on key development projects.Gates was married on Jan. 1, 1994, to Melinda French Gates (who is also part ofthe Foundation). They have three children.
WHAT IS THE ABOUT?Based on the core belief that ‘All Lives HaveEqual Value’, the Foundation aims toimprove global development, global healthand offer educational opportunities in theUnited States through donations and grants.The Foundations mission in its GlobalDevelopment Program (which aids infighting poverty) is to increase opportunitiesfor people in developing countries toovercome hunger and poverty and it focuseson agricultural development, financialservices for the poor, water, sanitation andhygiene, policy and advocacy. Furthermore ithas special initiatives with regard to poverty.
HISTORY OF THE VENTUREStarted in 1994 as the William H. Gates Foundation,this venture was renamed to the Bill and MelindaGates Foundation in 1999.In 2000, the Bill and Melinda Gates Foundationmerged with the Gates Learning Foundation, afterwhich Bill Gates contributed US$126 million. In thefollowing years, funding increased to US$2 billion.In 2006, Warren Buffett pledged to contribute 10million Berkshire Hathaway Class B shares overseveral years. This donation effectively doubled theFoundation’s annual giving.In 2009, the Foundation had an endowment of$US33.5 billion.
IMPACT OF THE VENTURE Since making its first global health grant in 1998, the Gates Foundation has helped save the lives of more than 670,000 children in the developing world through its support of an aggressive vaccination program.• The Foundation has invested US$732,000 to create a business plan to provide Internet access in public libraries across Botswana.• It has also given US$13.5 million to International Development Technologies for the development of irrigation, to aid farming.
IMPACT OF THE VENTUREThe Bill and Melinda GatesFoundation has allocated US$60million to promoting and providingclean water, as well as sanitationfacilities, for the severelyimpoverished in developingcountries.It has also contributed US$30 millionto the UN Foundation to aid in thegrowth of crops, which farmers needto sustain their existence.
References35 Who Made a Difference: Bill Gateswww.smithsonianmag.com/people-places/gates.htmlBill and Melinda Gates Foundationwww.gatesfoundation.orgPhotograph of Bill and Melinda Gateswww.bornrich.com/bill-melinda-gates-foundation1.html Information on Bill Gates www.microsoft.com/presspass/exec/billg/?tab=biography
Credits33RD COMPANY SINGAPORE SSG JUSTIN TAY SSG JEREMY TEO SSG YEE ZHUAN JIN SSG MAXIMILIAN WALLACE TAN SSG CHIA HAO KAI SSG LO TING HIM