14 DAY TRIAL // Bill and Melinda Gates Foundation will double its assets once Warren Edward Buffet finalizes his $31 billion donation. Already the world's top philanthropic institution, the Gates Foundation will expand its monopoly as its capital has grown to an unprecedented 62 billion dollars.
The money are to be used in investments following the Foundation's new trajectory into extended financial services and agricultural programs to be implemented into developing, mostly third world countries. According to Melinda Gates, the philanthropic efforts will evolve to comprise new areas of interest, besides the traditional medical aid for poor nations and US scholarships.
For the past 18 months, the Foundation has entered virgin territories involving microfinances. With a $31 billions donation from the world's second wealthiest man after Bill Gates, the Foundation will involve itself more and more in backing-up financially persons living in poverty that are illegible for traditional credit, but it will do so only after the closest consideration. "We will learn deeply ... before we decide to invest," said Melinda.
Warren Buffet explained its decision as a way of supporting the organization that does "the most good for the most number of people", as he has declared that Bill gates is a true inspiration to him. Bill and Melinda Gates Foundation will receive 10 million shares of stock in the Omaha, Neb.-based Berkshire Hathaway Inc. (NYSE: BRK-A) investment company belonging to Buffet.
When asked what the main goal of their philanthropic endeavors is, the Gates didn't hesitate to answer: "I think we dream in our lifetime of an AIDS vaccine," Melinda said, with her husband adding that he would like to see a cure to the world's 25 most deadly diseases.