Microsoft co-founder Bill Gates has pledged to give away the vast majority of his money. But how is the billionaire allocating those funds? The Bill & Melinda Gates Foundation today released a breakdown as part of its 2010 annual report. Interestingly, the $2.4 billion that Gates gave away in grants last year, is about $575 million less than in 2009.

Jeff Raikes, CEO of the Gates Foundation, lays out some of the challenges facing the organization in his annual letter. In it, he writes:

“Together with our grantees and partners, we are working to solve some of the world’s toughest problems. How to deliver vaccines to the most remote places in the world. How to make sure that every child in the United States has an effective teacher and that all teachers have the support they need to be as effective as possible. These are not easy tasks. But as long as we consistently build productive partnerships, there is no limit to the impact we can have together.”

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  • John Haley

    I very much admire Gates’ and Buffet’s commitment to charity.  No question they are great leaders here.  With the new tax law that increases the lifetime gift tax exemption from $1 to $5M (many think only temporarily), hopefully those in *need* will jump on the opportunity to do some estate and charitable planning.

  • S0ftimage

    I am Bill Gatess’s Fan #1 because I love Microsoft.  However, I wish he spent more in the United States; he should take care of his own at home first, before sending money overseas.  Same thing the U.S. government is doing; sending government overseas, giving it to coorporations and screw its citizens?  I dont understand it.

    • S0ftimage

      typo: Same thing the U.S. government is doing; sending MONEY overseas, giving it to corporations and screwing its citizens with lack of infrastructure, health and education.  I dont understand it. 

      • Scotchnsoda1

        You wouldn’t.

      • Robert Slaney

        Give more money to the US government is like giving whiskey to an alcoholic, or cocaine to a crack addict

    • Scotchnsoda1

      “He should take care of his own at home first?”  You’ve got to be kidding.  His view is global.  If you think we have it bad, you should check out not only where his money is going, but what it’s doing to help those whose lives are nowhere near those in poverty here in the US.  You are a moron.

  • Scotchnsoda1

    I admire Bill and Melinda Gates not only for giving their wealth to charity, but for giving their wealth to organizations that are helping those with the greatest needs.  Bill and Melinda “get it.”   Real titans don’t accumulate wealth for the sake of having it.  It’s what you do with it that really matters.   

  • Paul Benjou

    Charitable spending in third world countries to support health and development is noble.  It will also help MSFT as development leads to future computing needs in education and building infrastructure.  This is not just an investment in the global good.  It’s also an investment in Microsoft’s future.

  • Kalu Ude

    Svalbard Global Seed Vault?

  • anonymous

    i dont see how giving to your own charity counts

  • #MaRgO DaE jOhNsOn~

    I am trying to raise money for children in need of winter clothing and I am working with my ten year old daughter and the school

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