Bill Gates Founder of Bill & Melinda Gates Foundation; philanthropy
Did his upbringing seem to influence desire to be philanthropic? If so, how?
But his parents planted the seed of entering into philanthropy. Mrs. Gates always stressed on Bill why he needed to begin philanthropy. Someone who was at Bill's father's law office one night recalls that he had quarreled with his parents stating that he was just trying to run his company. Bill Gates notes that he wasn't against philanthropy at the time but wanted to give Microsoft all his energy and attention. Eventually, Mrs. Gates got Bill to donate money for United Way and establish a program at his company to do that. With the growth of his wealth, more requests for donations started streaming in. Bill Gates says that his desire was focusing on philanthropy after retiring from Microsoft or at least later on when he was 60. But the plan saw rapid tracking towards philanthropy following his mother's development of breast cancer. As Mrs. Gates battled the cancer, she continued urging her son to give away more money. She died in June 1994. After her burial on the day she was buried, the Gates family was at a dinner table at their home. Bill Sr. said to the family that there was no need to worry about him as he still had at least ten more years to live. His was aged 70 at that time.
While standing in a line to watch a movie about 6 months following the dinner table conversation, Bill Sr. brought up the topic of philanthropy again. He made the suggestion that he could begin going through the requests made for donations and actually donate some money. One week following this, Bill Gates set aside around $100 million to start a foundation that would be run by the father. The father would write the first check to a local cancer program while sitting at the kitchen table. The amount was $80,000. In the days that followed, Bill Sr. would take the promising requests and scribble a few notes on them, put them in a box and send them to his son to give a response. A reply would be made to the people seeking donations, at times, attaching a $1 million check with just a note of congratulation (Guth, 2009).
6. Did his upbringing influence philosophy of giving? If so, how?
Yes. Bill Gates began studying diligently at a very young age. He had read the World Book Encyclopedia from cover to cover. The appetite for learning had been instilled by his parents as they questioned him about business, life's nature and international affairs (Guth, 2009). Bill and his wife, Melinda, were brought up knowing the importance of giving back to the community. The two families had instilled in their children values of civic engagement and volunteerism. The belief of the families was that if life happened to bestow upon you certain blessings, you too should bless others with those blessings the best way possible (History).
7. How did he approach philanthropy?
Gates initially preferred to keep away from the public and handle philanthropic and civic affairs through the foundations. The Gates Foundation, now called Bill and Melinda gates Foundation, funds health programs with global operations and also projects being run in the Pacific Northwest. In the last years of the 90s, Bill and Melinda also gave money to libraries in North America through the Gates Library Foundation which is now called the Gates Learning Foundation. The two also gave money to gifted minority students in the form of scholarships (Enclopedia Britannica, 2014). This, they say, has been the foundation on which the philosophy of their funding of the manufacture of childhood diseases is based. As the couple got deeper into the world of philanthropy, they discovered that some vaccines that were very critical weren't even being manufactured. They had to interrupt the system of market forces to get things done. They used the funds of the foundation to put up structures and tilt the market forces to at least favor the less fortunate - to guarantee to the manufacturers that there was a market for the vaccines and that they will be bought and that they can make some money and not lose a ton of money in the process. As more clarity was gained by the population and the government, the drug companies started producing drugs that were targeted at tackling the diseases of the poor nations. This approach to philanthropy triggered a series of actions from both businesses and the government. At least 250 million children have been immunized since and not less than 5 million deaths prevented. A vaccine for malaria may even be found in the near...
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