Bill & Melinda Gates Foundation Trust
- Assets
- $53.9b
- Revenue
- $9.6b
- Investments
- $53.0b
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 04/1995
- Data as of
- 12/2021
- EIN
- 91-1663695
Organization Overview
Bill & Melinda Gates Foundation Trust is located in Seattle, WA. The organization was established in 1995. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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 Trust 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 12/2021, Bill & Melinda Gates Foundation Trust generated $9.6b in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $6.4b during the year ending 12/2021. While expenses have increased by 7.5% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William H Gates III Trustee And CEO | 5 | $0 | |
Melinda French Gates Trustee | 3 | $0 | |
Keith Traverse Secretary | 1 | $0 | |
Carolyn Ainslie Chief Financial Officer | 4 | $0 | |
Connie Collingsworth Assistant Secretary (start 4/1/2021) | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marathon Asset Management Llp | 12/30/21 | $12,525,796 |
Green Court Capital Management Limited | 12/30/21 | $12,327,639 |
Morant Wright Management Limited | 12/30/21 | $10,719,720 |
Westwood Global | 12/30/21 | $8,803,963 |
City Of London Investment Management Co Ltd | 12/30/21 | $7,954,581 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,415,183,628 |
| Interest on Savings | $150,411 |
| Dividends & Interest | $658,049,307 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,369,272,759 |
| Capital Gain Net Income | $7,923,688,903 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $137,352,950 |
| Total Revenue | $9,580,009,055 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $148,637,201 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $64 |
| Total operating and administrative expenses | $238,347,475 |
| Contributions, gifts, grants paid | $6,131,700,000 |
| Total expenses and disbursements | $6,370,047,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,950 |
| Savings and temporary cash investments | $891,127,326 |
| Net Accounts receivable | $81,736,132 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,914,811,439 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $53,927,171,316 |
| Accounts payable and accrued expenses | $9,610,079 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $659,497,047 |
| Total liabilities | $669,107,126 |
Grants Awarded
Over the last fiscal year, Bill & Melinda Gates Foundation Trust has awarded $5,518,530,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BILL & MELINDA GATES FOUNDATION PURPOSE: TO FUND THE CHARITABLE PURPOSES OF THE FOUNDATION | $6,131,700,000 |
BILL & MELINDA GATES FOUNDATION PURPOSE: PORTION OF GRANTS PAID TREATED AS A DISTRIBUTION OF CORPUS UNDER TREAS. REG. 53.4942(A)-3 | -$613,170,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bill & Melinda Gates Foundation Trust has recieved totaling $49,156.
| Awarding Organization | Amount |
|---|---|
Brown University Of Providence Providence, RI PURPOSE: Subcontract Grant Award | $49,156 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Knight Foundation Beaverton, OR | $3,232,383,420 | $1,963,443,063 |
Amazonsmile Foundation Seattle, WA | $32,322,159 | $94,115,479 |
Gates Philanthropy Partners Seattle, WA | $58,428,866 | $30,155,547 |
Paul G Allen Family Foundation Seattle, WA | $0 | $45,218,114 |
Friday Foundation Medina, WA | $32,805,393 | $16,602 |
Rasmuson Foundation Anchorage, AK | $851,377,242 | $102,826,089 |
J A & Kathryn Albertson Foundation Inc Boise, ID | $0 | $34,850,275 |
Intel Foundation Hillsboro, OR | $50,440,341 | $47,262 |
Roots And Wings Foundation Inc Seattle, WA | $315,937,030 | $249,888,695 |
Schultz Family Foundation Seattle, WA | $463,519,339 | $158,807,992 |
The Lemelson Foundation Portland, OR | $488,510,181 | $33,726,014 |
Norcliffe Foundation Seattle, WA | $18,121,640 | $25,144,033 |