Bill & Melinda Gates Foundation
- Assets
- $68.9b
- Revenue
- $7.0b
- Investments
- $67.3b
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 01/2007
- Data as of
- 12/2022
- EIN
- 56-2618866
Organization Overview
Bill & Melinda Gates Foundation is located in Seattle, WA. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bill & Melinda Gates Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Bill & Melinda Gates Foundation generated $7.0b in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $7.3b during the year ending 12/2022. While expenses have increased by 1.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Bill & Melinda Gates Foundation has awarded 48,847 individual grants totaling $79,349,462,319. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
GLOBAL PROGRAMS - THE FOUNDATION WORKS WITH GRANTEES AND PARTNER ORGANIZATIONS TO ADDRESS CRITICAL HEALTH AND DEVELOPMENT PRIORITIES - FROM INFECTIOUS DISEASE TO AGRICULTURAL DEVELOPMENT AND FINANCIAL SERVICES - TO BENEFIT THE WORLD'S POOREST PEOPLE. THE FOUNDATION INVESTS IN ADVANCES IN RESEARCH AND DEVELOPMENT AS WELL AS INNOVATIVE APPROACHES TO DELIVERING INTERVENTIONS TO SOLVE SOME OF THE CHALLENGES THAT PREVENT PEOPLE IN THE POOREST COUNTRIES FROM THRIVING.
US PROGRAMS - IN THE UNITED STATES, THE PRIMARY FOCUS IS ON ENSURING THAT ALL STUDENTS - ESPECIALLY BLACK, LATINO, AND LOW-INCOME STUDENTS - HAVE AN OPPORTUNITY TO EARN A DEGREE OR CREDENTIAL THAT PREPARES THEM FOR A SUCCESSFUL CAREER AND LIFE. THE PROGRAM SEEKS TO INCREASE ACCESS TO BETTER INFORMATION AND TOOLS NEEDED TO TACKLE BARRIERS TO OPPORTUNITY AND TO DEVELOP ECONOMIC MOBILITY STRATEGIES AT THE COMMUNITY, STATE AND NATIONAL LEVELS, PARTICULARLY IN WASHINGTON STATE, WHERE THE GATES FAMILY HAS LIVED FOR GENERATIONS AND WHERE THE FOUNDATION IS BASED.
OTHER CHARITABLE PROGRAMS - THE FOUNDATION'S OTHER CHARITABLE ACTIVITIES INCLUDE AN ARRAY OF INITIATIVES SUCH AS ITS SUPPORT OF LOCAL COMMUNITY ORGANIZATIONS AND ITS MAINTENANCE OF AN INTERACTIVE DISCOVERY CENTER THAT CONNECTS VISITORS TO THE WORK OF THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William H Gates III Trustee | 25 | $0 | |
Melinda French Gates Trustee | 25 | $0 | |
Mark Suzman Chief Executive Officer, Board Member | 40 | $1,554,342 | |
Ashish Dhawan Start 8182022 Board Member | 2.5 | $0 | |
Helene D Gayle Start 8182022 Board Member | 2.5 | $0 | |
Strive Masiyiwa Start 1252022 Board Member | 2.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcking Consulting Corporation | 12/30/22 | $23,410,342 |
The Boston Consulting Group Inc | 12/30/22 | $17,934,811 |
Slalom Llc | 12/30/22 | $19,821,650 |
Avanade Inc | 12/30/22 | $17,694,097 |
Global Health Visions Llc | 12/30/22 | $10,424,961 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,840,102,370 |
| Interest on Savings | $94,619 |
| Dividends & Interest | $317,002 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $135,923,194 |
| Capital Gain Net Income | $135,038,928 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,585,586 |
| Total Revenue | $6,988,022,771 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,362,962 |
| Other employee salaries and wages | $386,012,687 |
| Pension plans, employee benefits | $133,192,643 |
| Interest | $0 |
| Taxes | $2,383,436 |
| Depreciation | $45,801,100 |
| Occupancy | $19,151,702 |
| Travel, conferences, and meetings | $79,393,943 |
| Printing and publications | $1,016,824 |
| Other expenses | $46,624,991 |
| Total operating and administrative expenses | $1,360,985,207 |
| Contributions, gifts, grants paid | $5,907,327,805 |
| Total expenses and disbursements | $7,268,313,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,963,506 |
| Savings and temporary cash investments | $70,501,439 |
| Net Accounts receivable | $18,688,085 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $60,500,525 |
| Net Investments - land, buildings, equipment | $56,354,181 |
| Investments—mortgage loans | $0 |
| Investments—other | $67,331,210,136 |
| Net Land, buildings, and equipment | $543,566,688 |
| Other assets | $797,170,149 |
| Total assets | $68,907,954,709 |
| Accounts payable and accrued expenses | $168,638,030 |
| Grants payable | $5,108,595,527 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,277,233,557 |
Grants Awarded
Over the last fiscal year, Bill & Melinda Gates Foundation has awarded $8,846,617,946 in support to 5,223 organizations.
| Grant Recipient | Amount |
|---|---|
4RDIGITAL LIMITED PURPOSE: EMPOWER WOMEN AND GIRLS | $249,379 |
19TH NEWS THE PURPOSE: K-12 EDUCATION; POSTSECONDARY EDUCATION | $146,154 |
501 COMMONS PURPOSE: COMMUNITY ENGAGEMENT GRANTMAKING | $200,000 |
5METIS INC PURPOSE: AGRICULTURAL DEVELOPMENT | $1,607,036 |
74 MEDIA INC THE PURPOSE: K-12 EDUCATION; POSTSECONDARY EDUCATION | $840,000 |
AAP PHARMA TECHNOLOGIES INDIA PVT LTD PURPOSE: DEVELOPMENT OF SOLUTIONS TO IMPROVE GLOBAL HEALTH | $60,499 |