Report on The Gates Foundation

Table of Contents

Introduction to the organization The Gates Foundation 2

Non-financial information of The Gates Foundation 2

Mission statement The Gates Foundation 2

Vision statement of The Gates Foundation 3

The reason behind the public charity of The Gates Foundation 3

A requirement for project funding of The Gates Foundation 3

Who are they funding of The Gates Foundation 6

Insights through strategic planning of The Gates Foundation 7

Financial information of The Gates Foundation 9

The financial health of the Gates Organization 9

A graphical way to show their costs in welfare of The Gates Foundation 10

Financial transparency of the Gates Foundation of The Gates Foundation 11

Recent audit opinion of The Gates Foundation 12

Change in net assets of The Gates Foundation 13

Revenues, expenses and net gains of The Gates Foundation 13

Breakdown of revenue and expenditures of The Gates Foundation 14

Conclusion of The Gates Foundation 14

References of The Gates Foundation 14

The Gates Foundation 

Introduction to the organization The Gates Foundation

The Bill and Melinda Gates Foundation is the largest organization that is donating people. It is a highly successful corporate organization named the Microsoft organization. Still, the company has now emerged and worked as the charity foundation all over the world for improvement of living conditions of the poor people by cooperating the NGOs, research centers and institutions. Its approach is based on fifteen guiding principles that have been adopted by it to manage its charity function. Some of these principles are playing an active role by philanthropy as technology and science are challenging to improve life's all over the world and delivering them resources for their growth and change (Noorden & Richard, 2017). The principles of the Gates Organization have specific policies that are granting the non-governmental organizations and are providing global health to reduce Poverty and for development, learning and assisting particular projects that are limited to woke areas. It is also helping issues such as emerging disasters. It is covering diarrhea, malaria, Child health, nutrition, HIV, AIDS, neglected diseases, pneumonia, tobacco, polio and vaccines. For dealing with Poverty and development, this organization is working with partners in agricultural development and are providing financial services to poor with the delivery of housing, water and sanitation. It is also providing grants for learning, scholarships and libraries (Fejerskov & Moe, 2018). 

Non-financial information of The Gates Foundation

Mission statement The Gates Foundation

This organization is having the belief that the life of everyone is of equal value, and the Bill & Melinda Gates Foundation is working to assist people in having a healthy and productive life. Its focus is on the improvement of the health of people in developing countries and providing the opportunity to get themselves out of hunger and extreme level of pretty (Noorden & Richard, Science journals end open-access trial with Gates Foundation., 2018). 

Vision statement of The Gates Foundation

Its vision is the establishment of the competitive and sustainable value chain for onion, carrots and potatoes in the central highland of post-war Algona so there can be significant income level for smallholder farmers. 

The reason behind the public charity of The Gates Foundation

The goal of this organization is to inspire the wealthy people and business organizations all over the world to charity part of their net worth to the poor people, and it can be done for the lifetime or upon their death (Noorden & Richard, Gates Foundation research can’t be published in top journals., 2017). The gates organization is doing charity because its purpose and primary goal are to globally increase the Healthcare services and the reduction of the extreme level of Poverty and in the US, it is also aimed to expand educational opportunities and access to the information technology. 

The main reason behind its charity is the assurance of survival of more children and people, and this organization is determined to provide empowerment to poor people as well, specifically, women and girls so they can transform their lives. It is giving charity to cure the infectious diseases that are affecting the poor people. It is also inspiring others to donate and to change the world. 

A requirement for project funding of The Gates Foundation

The gates organization is a private organization that is governed by the tax laws of the US, and its funds are used in a charity purpose. This is revealing that the funds are required to directly achieve measurable and effective results to assist the intended beneficiaries of different stages of people such as the people that are facing polio, college-readiness, nutrition as well as the financial services for poor people. Funding of this organization is not same aa that of an angel investor or venture capital organizations because of which, this organization is not focusing on financial metrics of the success related to profitability and share in the market just like the other typical investors (Levich & Jacob, 2015). They are establishing a charity, they are requiring granting from every proposal of the foundation that is needed to involve statements in detail that are describing the purpose behind charity related to the project, and they are also required to know about the purposed grant effectiveness and efficiency for achieving the objective (Fejerskov & Moe, 2018). 

It has some ways through which it is assuring to the achievement of projects in the form of charity such as there can be a possibility that the organizational funds should only be used in specific geographical locations with the high volume of targeting needy ones or the benefit can only be to certain people that are usually poor people or facing some problems. They are required to deliver their charity for specific types of products or services that are mainly required or can provide benefit to people. It is also establishing specific metrics so it can measure its charitable outcomes related to their target beneficiaries that can be the development of agricultural products that are highly required to sold to smallholder farmers within the affordable price or the vaccines that must be provided at the affordable prices in the less developed countries that can deliver the digital innovations at low cost to governmental school systems (Fejerskov, From unconventional to ordinary? The Bill and Melinda Gates Foundation and the homogenizing effects of international development cooperation, 2015). They are providing benefits from their funding that can increase the customer base and can also increase the revenues. It is required to be incidental by the charitable outcomes that they are aimed to achieve. It is necessary to write a proposal and budget and to enter the broad agreement of the organization that is demonstrating that the charity requirements are accomplished. Furthermore, it is also required to analyze the outcomes of the project that is an essential part while having a conversation with them during the process of grant-making. 

The Gates Foundation has developed a concept of Global Access that is assisting it in accomplishing its objectives and also its charitable requirements (Noorden & Richard, Science journals end open-access trial with Gates Foundation., 2018). Global access is including the knowledge and information that is gained from a charity project that will be disseminated at a broader level and funding for development purposes that can make them available at the affordable prices. People are needy in the developing countries that are assisted by this organization, and it is also providing charity to the educational system of the US and its public libraries. For assurance of global access, the foundation is also requiring the following things:

• It is requiring a global access strategy or 'Global Access Commitments Agreement' that is explaining the planning of partners and its commitment for achievement to the Global Access. 

• Due diligence is having concerns with the Funded Developments and Background Technology that are also required to form the IP report. 

• It also requires a license to IP rights in the Funded Development and the related background of the technology (Birn & Anne-Emanuelle, 2018). 

• It also requires updates after specific periods with an effort to achieve Global Access. 

• Association with other foundations is also required by the Gates Foundation.

• It is required to identify the applicable regulatory pathways. 

• Effective management is essential of the intellectual property rights that are linked with the funded developments in a consistent manner with the Global Access. 

Who are they funding of The Gates Foundation

The Gates foundation is under control of three trustees included Bill and Melinda Gates and Warren Buffet, its other principals include Chief Executive Officer Mark Suzman and Co-Chair William H. Gates. It is mainly funding for developing countries. This foundation is working for the reduction of inequities all over the world. It is doing charity in the developing countries as its determination is the improvement of health in the Poverty areas. This foundation is also supporting the programs associated with education in the US. In its localities, this organization is promoting the strategies and programs that can deliver help to low-income families. Its headquarter is in Seattle, Washington and is having its regional offices in the Washington, India, China (Levich & Jacob, The Gates Foundation, Ebola, and global health imperialism, 2015). The UK, New Delhi and London. It is also donating to cover diarrhea, malaria, Child health, nutrition, HIV, AIDS, neglected diseases, pneumonia, tobacco, polio and vaccines. For dealing with Poverty and development, this organization is working with partners in agricultural development and are providing financial services to poor with the delivery of housing, water and sanitation. It is also providing grants for learning, scholarships and libraries. 

This organization is joining private as well as public organizations and provide assistance to farmers in developing countries all over the world and also cope with the devastating effects of climate change. It is making significant progress in the Global Polio Eradication Initiative. According to the Gates Foundation, climate change is a significant issue that has been faced by the world and primarily affecting poor people in developing countries (Moe, 2015). This organization is working with others to evaluate solutions for this area. Their Agricultural Development Initiative is working to assist small farmers who are living on less than 1$ per day that can increase drought and flooding. Still, the organization is helping the development of drought and flood-resistant crops that can improve the irrigation effectiveness and is also supporting in other means. 

Insights through strategic planning of The Gates Foundation

Bill and Melinda Gates Foundation is focusing on the issues that are the most significant barriers to people that are living healthy and productive lives such as their aim is to address challenges such as inequity in health in Africa, constant Poverty in the developing countries and are also dealing with the reduction of public education in the US. These problems are deeply rooted, complex and critical, and these cannot get solved easily as it is essential to bring about positive changes that can give opportunities to people to live a healthy life. They are having high investment in the strategies, and their focus is on impact (Walker & Patrick, 2015). This company is having thoughtful strategy development and is having effective refresh processes (Birn & Anne-Emanuelle, 2018). When external circumstances get changed, there will be specific requirements to make effective changes. They are annually reviewing their strategy and are providing updates to its team with the opportunity to reflect on the development and the purpose areas related to strategic adjustments. It is also offering a chance to overview and reduce strategic issues and are assuring the alignment with the approved direction of strategy that can provide proposed modifications. This company is making progress on the recommended plan. 

The Gates Organization approved the first new treatment for the cure of malaria in 60 years, and several women were using modern contraceptives in the developing countries reached the recorded level (Birn & Anne-Emanuelle, 2018). It made several innovations in the financial services, Healthcare services and innovation in sanitation and its effective strategies also assist it for the treatment of some neglected tropical diseases. It also allowed 100 million mobile money accounts in Africa that allowed people to send and receive payment in a fast, affordable and safe way. 

It also made specific efforts to increase the economic opportunity in the United States and provide advancement to economic empowerment of women at the global level. It is also working with the new office in Berlin and establish a biotech nonprofit institute that is dedicated to saving lives of poorest people of the world through their translational medicine. This foundation is having experts, experiences and partnership with private and public companies and is also cooperating with the financial resources because they have developed trust among entities (Moe, 2015). It is taking good care of its money, and it is completely assured that this company is making possible and practical efforts towards the accomplishment of its mission and it's fulfilling the shared vision of the world in which every person has the opportunity to have a healthy and productive life. 

To broaden the reach for poor services of low digital financial services, financial services of The Bill & Melinda Gates Foundation work hard for the short programs. It aims to bring new technology and various catalytic approaches such as: to make digital payment system to spread services of digital financial quickly; it ensures women share in the benefit of digital financial by providing and supporting gender equality, it brings exemplar model for the development of regional and national set up for the accelerated progress of poor. The foundation works with the policymakers and different partners across the globe to achieve objectives and goals that are common among all the partners that are to support digital financial inclusion, all work to provide accountability and oversight to the commercial digital compositions and to promote the progress of the foundation. A group of people that are not able to feed their families are getting benefit from the National financial inclusion as the foundation of The Bill & Melinda also invest in coping up with Poverty and to support these kinds of crowds. These include India, Bangladesh, East Africa, Nigeria, Pakistan and Indonesia.

It does not work by the same rituals ways by establishing distribution channel and particular product but focus on the new innovative path to encourage markets to find out and expand the access that which channels and products are more demanding and most effective in the market. It is providing its services of digital finance to a broader number of countries by utilizing digital finance system through many approaches, as countries are at a different level of development so their economies and citizen must reflect their distinct needs. 

Financial information of The Gates Foundation

The financial health of the Gates Organization 

This foundation is having cooperation with several private and governmental organizations that are contributing charity to the organization. It is having a healthy amount of charity that it is delivering to some areas and needy people. It is massively providing a fair amount of price to needy regions such as underdeveloped and developing countries (Fejerskov, From unconventional to ordinary? The Bill and Melinda Gates Foundation and the homogenizing effects of international development cooperation, 2015). Bill and Melinda's foundation is reflecting its impactful efforts and its people made it possible. It is optimizing about the power of innovation to deliver progress. This company has provided a complete list of its assets and liabilities. Its total liabilities in 2017 were 8,876,396 dollars while in 2018, its total liabilities were 8,070,747 dollars. While overviewing their net assets, it is found that in 2017, its total obligations and net assets were 51,852,234 dollars while in 2018, its total liabilities and the total net asset is 47,873,188 dollars. Furthermore, its total revenues and gains in 2017 were 25,976 dollars while their overall income and profits in 2018 are counted as 34,082 dollars. While talking about their total programmatic expenses in 2017, it was 5,872,426 dollars while in 2018, these expenses are 4,614,801 dollars. 

A graphical way to show their costs in welfare of The Gates Foundation

Figure 1: Where do their taxes go

This organization is spending a number of its resources and collected charity to people that are requiring it. It is also contributing to study and educational programs of libraries and educational centers of the US and other regions of the world such as developing countries. Its charity is bringing development in a number of sectors to which it is contributing to establishment. It is donating interest to human welfare, health services, environment and animals and international affairs so poor people can live a healthy life. For dealing with Poverty and development, this organization is working with partners in agricultural development and are providing financial services to poor with the delivery of housing, water and sanitation. It is also providing grants for learning, scholarships and libraries. 

Figure 2: Where do their money spend

Financial transparency of the Gates Foundation of The Gates Foundation

The gates foundation joined the International Aid Transparency Initiative that is focusing on the information related to their development that can easily get accessed and understandable by the organizations and people who are funding for the company. It is one of the first organizations that join IATI. The goal of this company is to commonly evaluate the ways through which it can share information that will assist the development community to get a huge influence. They are also making sure that they make more meaning full and reliable data that can be available on their reports as this evaluated information can assist in shaping the development of massively growing international reporting standards. They also show their current implementation schedule that is showing their grand data according to standards of IATI. This foundation is continuously evolving its internal system and procedures so it can expand its depth, coverage and frequency of its further reporting. This foundation is reporting for all of the charity-based activities with the specific purpose and objective of the activity. Its report is evaluating the status of the activity and is publishing the current stage of the charity activity, and these stages are based on activity lifecycle. 

This foundation is transparent enough that it is providing the starting dates of charity activities and that date is related to the physical progress when a project started and is also providing information related to the competition dates of activities (Fejerskov & Moe, Development as resistance and translation: Remaking norms and ideas of the Gates Foundation., 2018). The Gates Foundation is also revealing the information related to contact details to which charity is done, and this contact can be either generic or can be of the specific individual, and it is without any privacy concerns. It is also delivering geopolitical information related to the recipient country and religion and is also allowing the sub-national geographic location. In its reports, it is providing all of the information related to net liabilities and net assets. It is also delivering the knowledge of total program expenditures and total revenues with details of national and international charity programs. It is having information about all of the contribution from the trust in its annual financial report that is also showing its transparency and so effective in the use of money for the charity purpose only. It shows its net assets at the start of the year and the end of the year (Chou, Shih-Feng, Carson, & Woodrow, 2015). All of the property and equipment records are evaluated by the company on its annual basis that is reflecting its material impact in value. 

Recent audit opinion of The Gates Foundation

In the recent audit report of 2018, they said that by taking effective care of money, they could fulfil their shared vision of the world through which everyone can have a chance to live a healthy life. This report recognizes all of the contributions, and they're started and received services of the charity. Cash is in US currency or other currencies. There is a record of dividend income and interest income on a fundamental basis (Chou, Shih-Feng, Carson, & Woodrow, 2015). All of the amortization and accretion of premiums and discounts they provided are recorded through an effective interest method. All of the contributed services are recorded with the statement of al, of the conducted activities. It is also providing information related to the internal audit such as it is sharing control activities and information related to the other companies and organizations that donate an amount for charity purpose. All of the investment detail is also mentioned in the recent report with private and public investment information. All of the subsequent events related to charity and trust are revealed in it. They also write information about the challenges faced by the company and accessing its associated risks. 

Change in net assets of The Gates Foundation

There are some changes in the net assets related to its revenue and regains, such as its contribution in 2017 was 7,626,476 dollars while this contribution in 2018 is 3,153,308 dollars. Its investment in 2017 was 8,334,165 dollars while in 2018, it is 1,484,910 dollars and the total revenue was 15,961,641 and 1,668,398 dollars respective to 2017 and 2018. Grants to Gates foundation in 2017 was 5,410,808 dollars while in 2018, it was 5,583,225 dollars. Federal exercise and other taxes in 2017 were 120,286 dollars while 39,711 dollars in 2018 and total expenses were 5,531,094 and 5,622,936 dollars respected with 2017 and 2018 and the total change in net assets are 10,430,547 dollars in 2017 while in 2018, the net assets are 3,954,538 dollars. All of the further details with contributions, interest and change in liabilities are also shown in the report. 

Revenues, expenses and net gains of The Gates Foundation

In its revenue and net gains, they showed that their contribution in the year 2018 is 3,153,308 dollars while its investment and income is 1,484,910 dollars in the same year and in that year, total revenues and the net gain is 1,668,398 dollars. 

While showing information related to expenses of Bill and Melinda Gates Foundation, it has been revealed that its grants in 2018 are 5,583,225 dollars. In the same year, its federal excise and other taxes are 39,711 dollars while its total calculated expenses were 5,622,936 dollars in 2018. Net assets without any restriction of donner at the start of 2018 were 50,747,487 dollars while net assets at the end of the year were 46,792,949 dollars, and this is also calculated without donner restrictions. 

Breakdown of revenue and expenditures of The Gates Foundation

In addition to the reporting of revenue, the revenue breakdown is used in the determination of taxes that are applied to the menu. Bill and Melinda Gates Foundation is the nonprofit foundation that is offering Healthcare services to individuals and the number of regions. Its estimated annual revenue is 34.1 million dollars. Total expenses were 5,531,094 and 5,622,936 dollars respected with 2017 and 2018 and the total change in net assets are 10,430,547 dollars in 2017 while in 2018, the net assets are 3,954,538 dollars.

Conclusion of The Gates Foundation

The Bill and Melinda Gates Foundation is the largest organization that is donating people. It is a highly successful corporate organization named the Microsoft organization. Still, the company has now emerged and worked as the charity foundation all over the world for improvement of living conditions of the poor people by cooperating the NGOs, research centers and institutions. The main reason behind its charity is the assurance of survival of more children and people, and this organization is determined to provide empowerment to poor people as well, specifically, women and girls so they can transform their lives. They are also making sure that they make more meaning full and reliable data that can be available on their reports as this evaluated information can assist in shaping the development of massively growing international reporting standards. Total change in net assets are 10,430,547 dollars in 2017 while in 2018, the net assets are 3,954,538 dollars.

References of The Gates Foundation

Birn, & Anne-Emanuelle. (2018). Philanthrocapitalism, past and present: The Rockefeller Foundation, the Gates Foundation, and the setting (s) of the international/global health agenda. Hypothesis, 8.

Chou, Shih-Feng, Carson, D., & Woodrow, K. (2015). Current strategies for sustaining drug release from electrospun nanofibers. Journal of Controlled Release, 584-591.

Fejerskov. (2015). From unconventional to ordinary? The Bill and Melinda Gates Foundation and the homogenizing effects of international development cooperation. Journal of International Development, 27(7), 1098-1112.

Fejerskov, & Moe, A. (2018). Development as resistance and translation: Remaking norms and ideas of the Gates Foundation. Progress in Development Studies, 18(2), 126-143.

Levich, & Jacob. (2015). The Gates Foundation, Ebola, and global health imperialism. American Journal of Economics and Sociology, 74(4), 704-742.

Levich, & Jacob. (2015). The Gates Foundation, Ebola, and global health imperialism. American Journal of Economics and Sociology, 74(4), 704-742.

Moe, A. (2015). From unconventional to ordinary? The Bill and Melinda Gates Foundation and the homogenizing effects of international development cooperation. Journal of International Development , 1098-1112.

Noorden, V., & Richard. (2017). Gates Foundation research can’t be published in top journals. Nature News, 541(7637), 270.

Noorden, V., & Richard. (2018). Science journals end open-access trial with Gates Foundation. Nature, 559(7714), 311-313.

Walker, & Patrick. (2015). Malaria morbidity and mortality in Ebola-affected countries caused by decreased health-care capacity, and the potential effect of mitigation strategies: a modelling analysis. The Lancet Infectious Diseases, 15(7), 825-832.