How did bill gates start microsoft

Bill Gates

American businessman and philanthropist (born )

This article is about the co-founder of Microsoft. For other people with the same name, see Bill Gates (disambiguation).

William Henry Gates III (born October 28, ) is an American businessman and philanthropist best known for co-founding the software company Microsoft with his childhood friend Paul Allen.

He later held the positions of chairman, chief executive officer (CEO), president, and chief software architect of the company. Gates was also its largest individual shareholder until May [a] He was a pioneer of the microcomputer revolution of the s and s.

In June , Gates transitioned into a part-time role at Microsoft and full-time work at the Bill & Melinda Gates Foundation, the private charitable foundation he and his then-wife Melinda had established in He stepped down as chairman of the Microsoft board in February and assumed the role of technology adviser to support newly appointed CEO Satya Nadella.

In March , Gates left his board positions at Microsoft and Berkshire Hathaway to focus on his philanthropic efforts on climate change, global health and development, and education.

Gates was born and raised in Seattle, Washington.

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    • In , he and Allen founded Microsoft in Albuquerque, New Mexico. Gates led the company as its chairman and chief executive officer until stepping down as CEO in January , succeeded by Steve Ballmer, but he remained chairman of the board of directors and became chief software architect. During the late s, he was criticized for his business tactics, which were considered anti-competitive.

    Since , Gates has been included in the Forbeslist of the world's top billionaires. From to , he held the title of the wealthiest person in the world every year except in and from to In , he became the first ever centibillionaire when his net worth briefly surpassed US$ billion. Since leaving day-to-day operations at Microsoft in , Gates has pursued other business and philanthropic endeavors.

    He is the founder and chairman of several companies, including BEN, Cascade Investment, TerraPower, Gates Ventures, and Breakthrough Energy.

    Summary bill gates biography microsoft office Personal Finance Banking Savings. In , Microsoft introduced Microsoft Office, which bundled office productivity applications such as Microsoft Word and Excel into one system that was compatible with all Microsoft products. His main areas of interest in philanthropy have been improving health, and in particular helping to reduce diseases, such as polio which affect young children. The announcement was a bluff, in that Microsoft had no such program under development.

    He has donated to various charitable organizations and scientific research programs through the Bill & Melinda Gates Foundation, reported to be the world's largest private charity. Through the foundation, he led an early 21st century vaccination campaign that significantly contributed to the eradication of the wild poliovirus in Africa.

    In , Gates and Warren Buffett founded the Giving Pledge, whereby they and other billionaires pledge to give at least half of their wealth towards philanthropy.

    Early life and education

    William Henry Gates III was born on October 28, , in Seattle, Washington,[3] as the only son of William H.

    Gates Sr.[b] (–) and his first wife, Mary Maxwell Gates (–).[4] His ancestry includes English, German, and Irish/Scots-Irish.[5] His father was a prominent lawyer, and his mother served on the board of directors of First Interstate BancSystem and United Way of America.

    Gates's maternal grandfather J. W. Maxwell was a national bank president. Gates also has an older sister Kristi (Kristianne) and a younger sister Libby. He is the fourth of his name in his family but is known as William Gates III or "Trey" (i.e., three) because his father had the "II" suffix.[7] The family lived in the Sand Point area of Seattle in a home that was damaged by a rare tornado when Gates was 7.[8]

    When Gates was young his parents wanted him to pursue a career in law.

    During his childhood, his family regularly attended a church of the Congregational Christian Churches, a Protestant Reformed denomination.[10][11][12]

    Gates was small for his age and was bullied as a child.[7] The family encouraged competition; one visitor reported that "it didn't matter whether it was hearts or pickleball or swimming to the dock; there was always a reward for winning and there was always a penalty for losing".[13]

    At age 13, he enrolled in the private Lakeside prep school.[15] When he was in the eighth grade, the Mothers' Club at the school used proceeds from Lakeside School's rummage sale to buy a Teletype Model 33 ASR terminal and a block of computer time on a General Electric (GE) computer for the students.

    Gates took an interest in programming the GE system in BASIC, and he was excused from math classes to pursue his interest. He wrote his first computer program on this machine, an implementation of tic-tac-toe that allowed users to play games against the computer. Gates was fascinated by the machine and how it would always execute software code perfectly.

    After the Mothers Club donation was exhausted, Gates and other students sought time on systems including DECPDP minicomputers. One of these systems was a PDP belonging to Computer Center Corporation (CCC) which banned Gates, Paul Allen, Ric Weiland, and Gates's best friend and first business partner Kent Evans for the summer after it caught them exploiting bugs in the operating system to obtain free computer time.[7]

    The four students formed the Lakeside Programmers Club to make money.[7] At the end of the ban, they offered to find bugs in CCC's software in exchange for extra computer time.

    Rather than using the system remotely via Teletype, Gates went to CCC's offices and studied source code for various programs that ran on the system, including Fortran, Lisp, and machine language. The arrangement with CCC continued until when the company went out of business. The following year, a Lakeside teacher enlisted Gates and Evans to automate the school's class-scheduling system, providing them computer time and royalties in return.

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    • The duo worked diligently in order to have the program ready for their senior year. Towards the end of their junior year, Evans was killed in a mountain climbing accident, which Gates described as one of the saddest days of his life. He then turned to Allen who helped him finish the system for Lakeside.[7]

    At age 17, Gates formed a venture with Allen called Traf-O-Data to make traffic counters based on the Intel processor.

    In , he served as a congressional page in the House of Representatives.[20][21] He was a national merit scholar when he graduated from Lakeside School in [22] He scored out of on the Scholastic Aptitude Tests (SAT) and enrolled at Harvard College in the autumn of [23]

    He did not stay at Harvard long enough to choose a concentration, but took mathematics (including Math 55) and graduate level computer science courses.[25] While at Harvard, he met fellow student and future Microsoft CEO Steve Ballmer.

    Gates left Harvard after two years while Ballmer stayed and graduated magna cum laude. Years later, Ballmer succeeded Gates as Microsoft's CEO and maintained that position from until his resignation in [26][27]

    Gates devised an algorithm for pancake sorting as a solution to one of a series of unsolved problems[28] presented in a combinatorics class by professor Harry Lewis.

    His solution held the record as the fastest version for over 30 years, and its successor is faster by only 2%.[29] His solution was formalized and published in collaboration with Harvard computer scientist Christos Papadimitriou.[30]

    Gates remained in contact with Paul Allen and joined him at Honeywell during the summer of In , the MITS Altair was released based on the Intel CPU, and Gates and Allen saw the opportunity to start their own computer software company.

    Gates dropped out of Harvard that same year. His parents were supportive of him after seeing how much he wanted to start his own company. He explained his decision to leave Harvard: "if things hadn't worked out, I could always go back to school. I was officially on leave."[34]

    Microsoft

    Further information: History of Microsoft and Microsoft §&#;History

    BASIC

    Gates read the January issue of Popular Electronics which demonstrated the Altair , and contacted Micro Instrumentation and Telemetry Systems (MITS) to inform them that he and others were working on a BASIC interpreter for the platform.[35] In reality, Gates and Allen did not have an Altair and had not written code for it; they merely wanted to gauge MITS's interest.

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    MITS president Ed Roberts agreed to meet them for a demonstration, and over the course of a few weeks they developed an Altair emulator that ran on a minicomputer, and then the BASIC interpreter. The demonstration was held at MITS's offices in Albuquerque, New Mexico; it was a success and resulted in a deal with MITS to distribute the interpreter as Altair BASIC.

    MITS hired Allen,[36] and Gates took a leave of absence from Harvard to work with him at MITS in November Allen named their partnership "Micro-Soft", a combination of "microcomputer" and "software", and their first office was in Albuquerque. The first employee Gates and Allen hired was their high school collaborator Ric Weiland.[36] They dropped the hyphen within a year and officially registered the trade name "Microsoft" with the Secretary of the State of New Mexico on November 26, [36] Gates never returned to Harvard to complete his studies.

    Microsoft's Altair BASIC was popular with computer hobbyists, but Gates discovered that a pre-market copy had leaked out and was being widely copied and distributed. In February , he wrote An Open Letter to Hobbyists in the MITS newsletter in which he asserted that more than 90% of the users of Microsoft Altair BASIC had not paid Microsoft for it and the Altair "hobby market" was in danger of eliminating the incentive for any professional developers to produce, distribute, and maintain high-quality software.

    This letter was unpopular with many computer hobbyists, but Gates persisted in his belief that software developers should be able to demand payment. Microsoft became independent of MITS in late , and it continued to develop programming language software for various systems.[36] The company moved from Albuquerque to Bellevue, Washington on January 1, [35]

    Gates said he personally reviewed and often rewrote every line of code that the company produced in its first five years.

    As the company grew, he transitioned into a manager role, then an executive.[38], is a computer game written in and included with early versions of the PC DOS operating system distributed with the original IBM PC. It is a driving game in which the player must avoid hitting donkeys. The game was written by Gates and Neil Konzen.[39][40]

    IBM partnership

    IBM, the leading supplier of computer equipment to commercial enterprises at the time, approached Microsoft in July concerning software for its upcoming personal computer, the IBM PC,[41] after Gates's mother mentioned Microsoft to John Opel, IBM's then CEO.[42] IBM first proposed that Microsoft write the BASIC interpreter.

    IBM's representatives also mentioned that they needed an operating system, and Gates referred them to Digital Research (DRI), makers of the widely used CP/M operating system.[43] IBM's discussions with Digital Research went poorly and they did not reach a licensing agreement. IBM representative Jack Sams mentioned the licensing difficulties during a subsequent meeting with Gates and asked if Microsoft could provide an operating system.

    A few weeks later, Gates and Allen proposed using DOS, an operating system similar to CP/M, that Tim Paterson of Seattle Computer Products (SCP) had made for hardware similar to the PC.[44] Microsoft made a deal with SCP to be the exclusive licensing agent of DOS, and later the full owner. Microsoft employed Paterson to adapt the operating system for the PC[45] and delivered it to IBM as PC DOS for a one-time fee of $50,

    The contract itself only earned Microsoft a relatively small fee.

    It was the prestige brought to Microsoft by IBM's adoption of their operating system that would be the origin of Microsoft's transformation from a small business to the leading software company in the world. Gates had not offered to transfer the on the operating system to IBM because he believed that other personal computer makers would clone IBM's PC hardware.

    They did, making the IBM-compatible PC, running DOS, a de facto standard. The sales of MS-DOS (the version of DOS sold to customers other than IBM) made Microsoft a major player in the industry. The press quickly identified Microsoft as being very influential on the IBM PC. PC Magazine asked if Gates was "the man behind the machine?".[41]

    Gates oversaw Microsoft's company restructuring on June 25, , which re-incorporated the company in Washington state and made Gates the president and chairman of the board, with Paul Allen as vice president and vice chairman.

    In early , Allen left the company after receiving a Hodgkin lymphoma diagnosis, effectively ending the formal business partnership between Gates and Allen, which had been strained months prior due to a contentious dispute over Microsoft equity.[35][48] Later in the decade, Gates repaired his relationship with Allen and together the two donated millions to their childhood school Lakeside.[7] They remained friends until Allen's death in October [49]

    Windows

    Microsoft and Gates launched their first retail version of Microsoft Windows on November 20, , in an attempt to fend off competition from Apple's MacintoshGUI, which had captivated consumers with its simplicity and ease of use.[50] In August , the company struck a deal with IBM to develop a separate operating system called OS/2.

    Although the two companies successfully developed the first version of the new system, the partnership deteriorated due to mounting creative differences.[51] The operating system grew out of DOS in an organic fashion over a decade until Windows 95, which hid the DOS prompt by default. Windows XP was released one year after Gates stepped down as Microsoft CEO.[52]Windows was the last version of the OS released before Gates left the chair of the firm to John W.

    Thompson on February 5, [53]

    Management style

    During Microsoft's early years, Gates was an active software developer, particularly in the company's programming language products, but his primary role in most of the company's history was as a manager and executive.

    Bill gates biography & autobiography Gates and Allen were on their own. The collaboration could be seen in some shared names between the Microsoft and Macintosh systems. Best CD Rates. Prince William.

    He has not officially been on a development team since working on the TRS Model ,[54] but he wrote code that shipped with the company's products as late as [55]Jerry Pournelle wrote in when Gates announced Microsoft Excel: "Bill Gates likes the program, not because it's going to make him a lot of money (although I'm sure it will do that), but because it's a neat hack."[56] During the late s, he was criticized for his business tactics, which were considered anti-competitive.

    This opinion has been upheld by numerous court rulings.

    In June , Gates announced that he would transition out of his role at Microsoft to dedicate more time to philanthropy. He gradually divided his responsibilities between two successors when he placed Ray Ozzie in charge of management and Craig Mundie in charge of long-term product strategy.[58] The process took two years to fully transfer his duties to Ozzie and Mundie, and was completed on June 27, [59]

    Post-Microsoft

    Since leaving day-to-day operations at Microsoft, Gates has continued his philanthropy and works on other projects.

    He stepped down as chairman of Microsoft in February to become technology advisor at the firm to support newly appointed CEO Satya Nadella.[60][61]

    Gates provided his perspective on a range of issues in an interview that was published in the March issue of Rolling Stone magazine.

    In the interview, he provided his perspective on climate change, his charitable activities, various tech companies and people involved in them, and the state of America. In response to a question about his greatest fear when he looks 50 years into the future, Gates stated: "there'll be some really bad things that'll happen in the next 50 or years, but hopefully none of them on the scale of, say, a million people that you didn't expect to die from a pandemic, or nuclear or bioterrorism." Gates also identified innovation as the "real driver of progress" and pronounced that "America's way better today than it's ever been."[62] Gates has often expressed concern about the potential harms of superintelligence; in a Reddit "ask me anything", he stated that:

    First the machines will do a lot of jobs for us and not be super intelligent.

    That should be positive if we manage it well. A few decades after that though the intelligence is strong enough to be a concern. I agree with Elon Musk and some others on this and don't understand why some people are not concerned.[63][64][65][66]

    In an interview that was held at the TED conference in March , with Baidu co-founder and CEO, Robin Li, Gates said he would "highly recommend" Nick Bostrom's recent work, Superintelligence: Paths, Dangers, Strategies.[67] During the conference, Gates warned that the world was not prepared for the next pandemic, a situation that would come to pass in late when the COVID pandemic began.[68] In March , Gates met at his home in Seattle with Mohammed bin Salman, the crown prince and de facto ruler of Saudi Arabia to discuss investment opportunities for Saudi Vision [69][70] In June , Gates admitted that losing the mobile operating system race to Android was his biggest mistake.

    He stated that it was within their skill set of being the dominant player, but partially blames the antitrust litigation during the time.[71] That same year, Gates became an advisory board member of the Bloomberg New Economy Forum.[72]

    In March , Microsoft announced Gates would be leaving his board positions at Berkshire Hathaway and Microsoft to dedicate himself to philanthropic endeavors such as climate change, global health and development, and education.[73]The Wall Street Journal reported in May that Gates stepped down before Microsoft's board finished its investigation into Gates's alleged inappropriate sexual relationship with a Microsoft employee, which an external law firm had begun probing in late [74]

    During the COVID pandemic, Gates has widely been looked at by media outlets as an expert on the issue, despite him not being a public official or having any prior medical training.[75] His foundation did, however, establish the COVID Therapeutics Accelerator in to hasten the development and evaluation of new and repurposed drugs and biologics to treat patients for COVID,[76] and, as of February , Gates expressed that he and Anthony Fauci frequently talk and collaborate on matters including vaccines and other medical innovations to fight the pandemic.[77]

    Business ventures and investments

    Gates has a multi-billion dollar investment portfolio with stakes in companies in multiple sectors and has participated in several entrepreneurial ventures beyond Microsoft, including:

    • AutoNation, an automotive retailer which trades on the NYSE and in which Gates has a 16% stake.[78]
    • bgC3 LLC, a think-tank and research company founded by Gates.[79]
    • Canadian National Railway (CN), a Canadian Class I freight railway.

      As of , Gates is the single largest shareholder of the company.[80]

    • Cascade Investment LLC, a private investment and holding company incorporated in the United States, founded and controlled by Gates and headquartered in Kirkland, Washington.[81]
      • Gates is the largest private owner of farmland in the United States with his landholdings owned through Cascade Investment totalling , acres across 19 states.[82][83] He is the 49th largest private owner of land in the US.[84]
    • Carbon Engineering, a for-profit venture founded by David Keith, which Gates helped fund.[85][86][87] It is also supported by Chevron Corporation and Occidental Petroleum.[88]
    • Corbis (originally named Interactive Home Systems and now known as Branded Entertainment Network), a digital image licensing and rights services company founded and chaired by Gates.[90]
    • EarthNow, a Seattle-based startup company aiming to blanket the Earth with live satellite video coverage.

      Gates is a large financial backer.[91]

    • Eclipse Aviation, a defunct manufacturer of very light jets. Gates was a major stake-holder early on in the project.[92]
    • Impossible Foods, a company that develops plant-based substitutes for meat products. Some of the $ million Patrick O.

      Brown collected for his business came from Gates around to [93][94][95]

    • Ecolab, a global provider of water, hygiene and energy technologies and services to the food, energy, healthcare, industrial and hospitality markets. Combined with the shares owned by the Foundation, Gates owns % of the company.

      A shareholder agreement in allowed him to own up to 25% of the company, but this agreement was removed.[96]

    • ResearchGate, a social networking site for scientists. Gates participated in a $35&#;million round of financing along with other investors.[97]
    • TerraPower, a nuclear reactor design company co-founded and chaired by Gates, which is developing next generation traveling-wave reactornuclear power plants in an effort to tackle climate change.[98][99][][][]
    • Breakthrough Energy Ventures, a closed fund for wealthy individuals who seek ROI on a year horizon (see next section), which "is funding green start-ups and a host of other low-carbon entrepreneurial projects, including everything from advanced nuclear technology to synthetic breast milk." It was founded by Gates in []
    • Ginkgo Bioworks, a biotech startup that received $ million in venture funding in , in part from Gates's investment firm Cascade Investment.[]
    • Luminous Computing, a company that develops neuromorphicphotonic integrated circuits for AI acceleration.
    • Mologic, a British diagnostic technology company that Gates purchased, along with the Soros Economic Development Fund, "which has developed minute Covid lateral flow tests that it aims to make for as little as $1."[]

    Climate change and energy

    Gates considers climate change and global access to energy to be critical, interrelated issues.

    He has urged governments and the private sector to invest in research and development to make clean, reliable energy cheaper.

    Bill gates summary bio: Loans Best personal loans. In reality, they didn't have an Altair to work with or the code to run it, but they wanted to know if MITS was interested in someone developing such software. During this time, Gates developed a payroll program for the computer company the boys had hacked into and a scheduling program for the school. An estimated 30 percent of the world's computers ran on its software.

    Gates envisions that a breakthrough innovation in sustainable energy technology could drive down both greenhouse gas emissions and poverty, and bring economic benefits by stabilizing energy prices.[] In , he said: "If you gave me the choice between picking the next 10 presidents or ensuring that energy is environmentally friendly and a quarter as costly, I'd pick the energy thing."[]

    In , he wrote about the challenge of transitioning the world's energy system from one based primarily on fossil fuels to one based on sustainable energy sources.

    Global energy transitions have historically taken decades. He wrote, "I believe we can make this transition faster, both because the pace of innovation is accelerating, and because we have never had such an urgent reason to move from one source of energy to another."[] This rapid transition, according to Gates, would depend on increased government funding for basic research and financially risky private-sector investment, to enable innovation in diverse areas such as nuclear energy, grid energy storage to facilitate greater use of solar and wind energy, and solar fuels.[]

    Gates spearheaded two initiatives that he announced at the United Nations Climate Change Conference in Paris.

    One was Mission Innovation, in which 20 national governments pledged to double their spending on research and development for carbon-free energy in over five years' time.[] Another initiative was Breakthrough Energy, a group of investors who agreed to fund high-risk startups in clean energy technologies. Gates, who had already invested $1 billion of his own money in innovative energy startups, committed a further $1 billion to Breakthrough Energy.[] In December , he called for the U.S.

    federal government to create institutes for clean energy research, analogous to the National Institutes of Health.[] Gates has also urged rich nations to shift to % synthetic beef industries to reduce greenhouse gas emissions from food production.[]

    Gates has been criticized for holding a large stake in Signature Aviation, a company that services emissions-intensive private jets.[] In , he began to divest from fossil fuels.

    He does not expect divestment itself to have much practical impact, but says that if his efforts to provide alternatives were to fail, he would not want to personally benefit from an increase in fossil fuel stock prices.[] After he published his book How to Avoid a Climate Disaster, parts of the climate activist community criticized Gates's approach as technological solutionism.[] In , educational streamer Wondrium produced the series "Solving for Zero: The Search for Climate Innovation" inspired by the book.[]

    In June , Gates's company TerraPower and Warren Buffett's PacifiCorp announced the first sodium nuclear reactor in Wyoming.

    Wyoming Governor Mike Gordon hailed the project as a step toward carbon-negative nuclear power. Wyoming Senator John Barrasso also said that it could boost the state's once-active uranium mining industry.[]

    Gates spent many efforts to make pass the Inflation Reduction Act of because of his importance to climate. He tried to convince Joe Manchin to support a climate bill from the year and especially in the months before the adoption of the bill.

    The bill should cut the global greenhouse gas emissions in a level similar to "eliminating the annual planet-warming pollution of France and Germany combined" and may help to limit the warming of the planet to degrees – the target of the Paris Agreement.[] He thanked both Joe Manchin and Chuck Schumer for their efforts in a guest essay in The New York Times, where he said "Inflation Reduction Act of may be the single most important piece of climate legislation in American history" given its potential to spur development of new technologies.[] Gates gave further insights on climate change in his commencement address at Northern Arizona University on May 6, , where he was bestowed an honorary doctorate.[]

    Political positions

    In October , The New York Times reported Gates had recently donated $50 million to Future Forward USA Action, a (c)(4) organization supporting Kamala Harris's presidential campaign.

    In response to the report, he did not explicitly address the donation or endorse Harris, but said "this election is different."[]

    Regulation of the software industry

    Further information: Bill Gates §&#;Antitrust litigation, and United States v. Microsoft Corp.

    In , Gates rejected the need for regulation of the software industry in testimony before the United States Senate.[] During the Federal Trade Commission's (FTC) investigation of Microsoft in the s, Gates was reportedly upset at then Commissioner Dennis Yao for "float[ing] a line of hypothetical questions suggesting possible curbs on Microsoft's growing monopoly power".

    According to one source:

    Gates was vexed. "He started by calling Yao's ideas socialistic," recalls a source familiar with the July 15 meeting, "and as he got angrier and angrier and louder and louder, he got into calling them Communistic."[]

    Donald Trump Facebook ban

    After Facebook and Twitter had banned Donald Trump from their platforms on February 18, , as a result of the United States presidential election which led to the January 6 United States Capitol attack, Gates said a permanent ban of Trump "would be a shame" and would be an "extreme measure".

    He warned that it would cause "polarization" if users with different political views divide up among various social networks, and said: "I don't think banning somebody who actually did get a fair number of votes (in the presidential election) – well less than a majority – but I don't think having him off forever would be that good."[]

    Patents for COVID vaccines

    Main article: TRIPS Agreement waiver

    In April , during the COVID pandemic, Gates was criticized for suggesting that pharmaceutical companies should hold onto patents for COVID vaccines.

    Summary bill gates biography microsoft word Roberts considered Gates spoiled and obnoxious. Gates soon realized that Apple's graphics interface, which displayed text and images on the screen and was driven by a mouse, appealed to the average user more than Microsoft's text-and-keyboard-driven MS-DOS system. CIT Bank Review. In mid, Gates and Allen incorporated Microsoft, and Gates was appointed president and chairman of the board.

    The criticism came due to the possibility of this preventing poorer nations from obtaining adequate vaccines. Tara Van Ho of the University of Essex stated, "Gates speaks as if all the lives being lost in India are inevitable but eventually the West will help when in reality the US & UK are holding their feet on the neck of developing states by refusing to break [intellectual property rights] protections.

    It's disgusting."[]

    Gates is opposed to the TRIPS waiver.[][][]Bloomberg News reported him as saying he argued that Oxford University should not give away the rights to its COVID information, as it had announced, but instead sell it to a single industry partner, as it did.[] His views on the value of legal monopolies in medicine have been linked to his views on legal monopolies in software.[][]

    Cryptocurrencies

    Gates has been critical of cryptocurrencies like Bitcoin.

    According to him, cryptocurrencies provide no "valuable output", contribute nothing to society, and pose a danger especially for smaller investors who could not survive the potentially high losses. Gates also does not own any cryptocurrencies himself.[]

    Philanthropy

    Bill & Melinda Gates Foundation

    Further information: Bill & Melinda Gates Foundation

    Gates studied the work of Andrew Carnegie and John D.

    Rockefeller, and donated some of his Microsoft stock in to create the "William H. Gates Foundation". In , Gates and his wife combined three family foundations and donated stock valued at $5&#;billion to create the Bill & Melinda Gates Foundation, which was identified by the Funds for NGOs company in , as the world's largest charitable foundation, with assets reportedly valued at more than $&#;billion.[][] The foundation allows benefactors to access information that shows how its money is being spent, unlike other major charitable organizations such as the Wellcome Trust.[][] Gates, through his foundation, also donated $20&#;million to the Carnegie Mellon University for a new building to be named Gates Center for Computer Science which opened in [][]

    Gates has credited the generosity and extensive philanthropy of David Rockefeller as a major influence.

    He and his father met with Rockefeller several times, and their charity work is partly modeled on the Rockefeller family's philanthropic focus, whereby they are interested in tackling the global problems that are ignored by governments and other organizations.[]

    The foundation is organized into five program areas: Global Development Division, Global Health Division, United States Division, and Global Policy & Advocacy Division.

    Among others, it supports a wide range of public health projects, granting aid to fight transmissible diseases such AIDS, tuberculosis and malaria, as well as widespread vaccine programs to eradicate polio. It grants funds to learning institutes and libraries and supports scholarships at universities. The foundation established a water, sanitation and hygiene program to provide sustainable sanitation services in poor countries.[] Its agriculture division supports the International Rice Research Institute in developing Golden Rice, a genetically modified rice variant used to combat vitamin A deficiency.[] The foundation aims to provide women and girls in the developing world with information and support regarding contraception and, ultimately, universal access to consensual family planning.[] In , the Los Angeles Times criticized the foundation for investing its assets in companies that have been accused of worsening poverty, pollution and pharmaceutical firms that do not sell to developing countries.[] Although the foundation announced a review of its investments to assess social responsibility,[] it was subsequently canceled and upheld its policy of investing for maximum return, while using voting rights to influence company practices.[]