Monday, February 5, 2001 |
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Gates’ gesture
By Anthony Browne
HE
is already the world’s most generous individual benefactor, giving
more to charitable causes than the US government. Now Bill Gates has
given the largest single boost to the worldwide search for an AIDS
vaccine.
The Microsoft founder
pledged $ 100 million to the International AIDS Vaccine Initiative. He
has teamed up with the Internet company, Yahoo!, which donated an
extra $ 5 million.
This is one of the
single biggest donations from the Bill and Melinda Gates Foundation, a
charitable foundation with assets of more than $ 21 billion. Its aim
is to share advances in medicine with developing countries.
In the past two months, the
foundation, run by Gates’ father, has given $ 25 million for AIDS
prevention in Nigeria, and $ 15 million to develop drugs for African
sleeping sickness. It also supports the global effort to eradicate
polio. Gates has pledged to donate more than $ 1 billion a year to
charitable causes, and last year gave away $ 1.44 billion.
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