Friday, July 18, 2008

Philanthropy

The ‘Bill and Melinda Gates Foundation’ has gained global recognition as a machinery that donates with arms wide open. The richest man alive also knows how to give back to mankind

William Henry Gates III, alias Bill Gates, who gained wide acclaim as the man behind Microsoft is known no less for his acts of philanthropy. He along with his wife Melinda, have donated close to a mind-boggling $30 billion to their Bill & Melinda Gates foundation, which is dedicated to the social cause of improving health and education facilities for the needy. The foundation is driven on two core values, something which Bill can swear by as his personal values too. First, all human lives have equal value and second, much can only be expected only when much is given. Commitment of more than $3.6 billion to organisations working on health issues and more than $2 billion towards quality education are some key initiatives taken up by the foundation. The foundation has spread its operations in more than 100 countries and its aggregate grant commitments since inception stands at a staggering $14.4 billion! Speaking of Bill Gates, a HelpAge India spokesperson says, “He is indeed the epitome of philanthropy. The world needs more people like him. Most importantly, he is investing money where there is a genuine need – in developing nations and in areas of prime importance like health and education. His voluntary participation in time and monetary resources is what deserves credit. He is indeed some example to emulate.”

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Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative