The Bill & Melinda Gates Foundation has announced the launch of a 501(c)(3) public charity that will work to advance progress in global health, development, and U.S. education.
Created in response to the more than $32 million in unsolicited donations the foundation has received since 2000, Gates Philanthropy Partners will accept donations in any amount to help fund grants to existing Gates Foundation grantees. In consultation with the foundation's leadership, GPP will direct grants to projects where additional funding can accelerate their progress, including eliminating and eradicating diseases, reducing childhood deaths by half, accelerating progress for women and girls, and furthering innovations in U.S. education.
Donations to GPP can be made by check, cash, or money order, or as a bequest in a will, a revocable trust agreement, an irrevocable trust agreement, or any other manner of non-probate disposition. The charity will not accept contributions online or by phone or credit card, nor will it accept gifts of securities, real estate, personal property, or intellectual property; gifts earmarked for specific purposes; contributions from for-profit companies (with the exception of employee-matching gifts) or government entities; or funds raised on behalf of GPP or the Gates Foundation. An administrative fee of 0.40 percent will be applied to all donations.
The charity will be led by Robert Rosen, a director at the Gates Foundation, who told the Chronicle of Philanthropy that the charity will function much like a community foundation. While the charity will not manage funds for donors and is not a donor-advised fund, it is in early talks with donor-advised fund sponsors to explore ways to combine efforts to encourage giving.
"We prefer that people give directly to our grantees, but from time to time individuals generously offer to contribute money to the Bill & Melinda Gates Foundation," the foundation stated on its website. "Gates Philanthropy Partners offers donors the opportunity to align their giving with Bill and Melinda's philanthropic vision and to leverage the foundation's resources, experience, operational infrastructure, and partnerships with extraordinary grantees. Donors have the opportunity to tap into the same rigor in due diligence, oversight, and monitoring the foundation applies to its own grantmaking."