Bill Gates donates $750 million to global AIDS fund

Microsoft's chairman Bill Gates recently put a rest to some rumors that he was planning to return full time to Microsoft, saying he was committed to his work with his charitable organization the Bill and Melinda Gates Foundation. This week, Reuters reports that Gates will donate a whopping $750 million to The Global Fund to Fight AIDS, Tuberculosis and Malaria.

The global AIDS fund has in the past helped to fund a quarter of the efforts around the world to fight the spread of HIV and AIDS as well as the majority of money to help combat TB and malaria. However, the fund's money has been drying up in recent years. In 2011, the organization announced it would not be able to issue any new grants until 2014.

In his announcement this week, Gates urged other world governments to help add money to the fund, saying, "These are tough economic times, but that is no excuse for cutting aid to the world's poorest." There has been some criticism of how the fund has handled its finances but Gates praised how the organization has dealt with the situation, saying, "We've looked at where they've found money that wasn't applied properly and how they tracked that ... the fact is the internal checks and balances have worked."

The Bill and Melinda Gates Foundation has donated over $28 billion so far to help combat health issues in third world countries as well as for improving education in the US. Gates has said he plans to donate the vast majority of his Microsoft created wealth to charitable causes.

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33 Comments

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People should be aware that Bill Gates wants to reduce the world population and that obviously involves killing people.

so much bull**** about curing AIDS and we're in the year 2012 and still no cure despite billions invested in research. the poor people will never get access to such a cure. and no body is doing anything to prevent people from poor countries like India or South Africa to get infected. watch Puncture, a 2011 movie which surfaces this problem!

AIDS fund eh? Fund to prevent, cure or cause? lol... Anyway, I hope they can find a preventative before any more become afflicted.

smooth3006 said,
maybe he should of took some of that money and put it towards redesigning w8 & wp7.

He probably did, and that's why we now have Metro, an advanced UI that leaves behind antiquated icon grids and piecemeal elements of yesterday.

smooth3006 said,
maybe he should of took some of that money and put it towards redesigning w8 & wp7.

Thanks for the comic relief bro!

boumboqc said,
Anyone heard about Apple doing the same thing ?

This is the Gates Foundation, it's not Microsoft.
There is no one with the wealth of the foundation that isn't contributing to it.

Gates, Buffet, Zuckerman and a whole whack of others have joined the pledge to donate a minimum of 50% of their wealth to charity.

boumboqc said,
Anyone heard about Apple doing the same thing ?

Nah, Apple under Steve Jobs discouraged employees from giving a dime to charity.

Enron said,

Nah, Apple under Steve Jobs discouraged employees from giving a dime to charity.

Really? Sources? Doesn't make sense in my honest opinion!

You see, if you were taxed at 30% of your dividends instead of 15%, the government would have spent it on war and useless domestic programs.

DClark said,
You see, if you were taxed at 30% of your dividends instead of 15%, the government would have spent it on war and useless domestic programs.

+1. Why give more money to an ineffectual government that can't manage money? LOL I'd much prefer people be able to donate their money to causes they are passionate about.

M_Lyons10 said,

+1. Why give more money to an ineffectual government that can't manage money? LOL I'd much prefer people be able to donate their money to causes they are passionate about.

I think that's not a good solution. The better one would be getting an efficient government that uses the expertise of people like Gates to tackle world problems.

M_Lyons10 said,

+1. Why give more money to an ineffectual government that can't manage money? LOL I'd much prefer people be able to donate their money to causes they are passionate about.


Instead of changing the system so that the government can be more efficient, you want to dismantle it. I can never follow this line of reasoning. Less tax money have the potential of restricting the government from getting things done.

The thing about Bill is hes not just about throwing money at a problem, guy is serious about charity and getting into it himself. Tip of the hat to you sir for your latest endeavours.

This is why i have no problem buying ,paying for Microsoft products.This guy is really serious about helping the less fortunate.

Varoon said,
This is why i have no problem buying ,paying for Microsoft products.This guy is really serious about helping the less fortunate.

Exactly why I root for Microsoft, I like what they and Bill Gates himself represent.

Bill dropping serious bills. I still think he should act as the face of MS, just the face. Do ads, show us how he uses MS products at his home or other ventures. That would be a major boost to the company

mr lefleur said,
Bill dropping serious bills. I still think he should act as the face of MS, just the face. Do ads, show us he uses MS products at his home or other ventures. That would be a major boost to the company

I read somewhere he uses MS products. Anybody know if he owns an iPad?

mr lefleur said,
Bill dropping serious bills. I still think he should act as the face of MS, just the face. Do ads, show us how he uses MS products at his home or other ventures. That would be a major boost to the company

Good point. Microsoft should capitalize on his celebrity status.

Zain Adeel said,

I read somewhere he uses MS products. Anybody know if he owns an iPad?

Considering some of Microsoft's products are on the ipad its hardly worth pointing out. But I bet he has a Windows 8 Tablet now that its almost at Beta.

Zain Adeel said,

I read somewhere he uses MS products. Anybody know if he owns an iPad?

no he doesn't. I read a while back that he doesn't allow apple products at his house when asked if his kids own an iPod and he also said they use MS equivalent products

Whatever your opinion of Gates' and Microsoft's business practices when he was in charge, you've gotta respect the guy. Good work Bill

Cheruman said,
Whatever your opinion of Gates' and Microsoft's business practices when he was in charge, you've gotta respect the guy. Good work Bill
No, giving money to anyone can't make a person respectable. It doesn't help anything if you don't change why they didn't have the money in the first place.

I'm not saying money can buy respect, but Bill isn't just doing it for your love. In fact, I'm pretty sure he doesn't give a damn what you think about him, but that you are rather paying attention to what's going on in the world and trying to do something, anything, to help.

Beaux said,
No, giving money to anyone can't make a person respectable. It doesn't help anything if you don't change why they didn't have the money in the first place.

We are eager to see how you will reform capitalism. I think many know capitalism isn't perfect, but in the absence of immediate solution, giving 750 millions dollar to charity is a pretty respectable act.

Philippe Pomerleau said,

We are eager to see how you will reform capitalism. I think many know capitalism isn't perfect, but in the absence of immediate solution, giving 750 millions dollar to charity is a pretty respectable act.

I think you're lying when you say you're eager.