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Friday June 27, Bill Gates will step down from his full-time1 job at Microsoft, the company he co-founded with his childhood friend, Paul Allen. Gates said he will focus his efforts on improving the health and living conditions of the world's neediest people through the world's biggest charitable foundation, the Bill and Melinda Gates Foundation. VOA's Mike O'Sullivan has more from Los Angeles.
Bill Gates (file photo)
Bill Gates may be the world's most successful college dropout2. More than 30 years ago, he quit Harvard University to start Microsoft.
Last year, as he accepted an honorary doctorate3 from the prestigious4 school he once attended.
"I want to thank Harvard for this honor. I'll be changing my job next year, and it will be nice to finally have a college degree on my resume," he said.
With assets of $58 billion, Gates is the world's third richest man, according to Forbes magazine, and is unlikely to start a job search. Forbes says he trails only two men in assets, American investor5 Warren Buffett and Mexican businessman Carlos Slim Helu.
Gates, now 52, plans to work part-time at Microsoft and continue to serve as the company's chairman, but will spend most of his time working with the foundation he established with his wife, Melinda, in 2000.
Mike Smith is chief operating officer of Charity Navigator, which evaluates the financial health of more than 5,300 U.S.-based charities. He says Americans make $300 billion a year in charitable donations, and the Bill and Melinda Gates Foundation plays an important role in the charity sector6.
"They are the largest private foundation many times over. They ended fiscal7 year 2007 with $38.7 billion on hand. In 2007, they made grants of approximately two billion dollars," he said.
The Gates Foundation makes grants to programs that combat diseases such as HIV-AIDS, malaria8, and tuberculosis9, and reduce poverty in the developing world. The foundation also works to raise educational standards and improve access to technology in the United States, and supports community projects in the Pacific Northwest, where Seattle-based Microsoft has its headquarters.
The foundation's impact has become even greater since 2006, when Warren Buffett, who is ranked by Forbes the world's richest man, pledged stock worth more than $30 billion to the Gates Foundation. He says he shares the foundation's goals and believes it is effective.
Gates spoke10 of those goals this year at the World Economic Forum11 in Davos, Switzerland. He said he was an optimist12 about the world's condition, but wanted to speed up improvements, especially for the world's bottom billion people.
"There are roughly a billion people in the world who don't get enough food, who don't have clean drinking water, who don't have electricity, the things we take for granted," he said.
He says diseases such as malaria, which claims one million lives each year, get too little attention, and that he hopes to harness the talent of innovators and businesses in addressing social problems.
The Bill and Melinda Gates Foundation plans to continue its current focus on global health, poverty and U.S. education, and Gates says he intends to spend much of his time determining the foundation's strategy.
Mike Smith of Charity Navigator says private foundations cannot be evaluated for their effectiveness as easily as charities because foundations report their finances in a less detailed13 way.
"Where you are able to look at functional14 expenses with respect to the public charities and break down those amounts going to programs, administrative15 expenses and fundraising expenses, it's really not as easy to do with private foundations," he said.
He adds, however, that results can often be measured over the long term by rising rates of literacy or lower rates of infection of tropical diseases, to determine if a donor16 like the Bill and Melinda Gates Foundation is really effective.
1 full-time | |
adj.满工作日的或工作周的,全时间的 | |
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2 dropout | |
n.退学的学生;退学;退出者 | |
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3 doctorate | |
n.(大学授予的)博士学位 | |
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4 prestigious | |
adj.有威望的,有声望的,受尊敬的 | |
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5 investor | |
n.投资者,投资人 | |
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6 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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7 fiscal | |
adj.财政的,会计的,国库的,国库岁入的 | |
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8 malaria | |
n.疟疾 | |
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9 tuberculosis | |
n.结核病,肺结核 | |
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10 spoke | |
n.(车轮的)辐条;轮辐;破坏某人的计划;阻挠某人的行动 v.讲,谈(speak的过去式);说;演说;从某种观点来说 | |
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11 forum | |
n.论坛,讨论会 | |
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12 optimist | |
n.乐观的人,乐观主义者 | |
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13 detailed | |
adj.详细的,详尽的,极注意细节的,完全的 | |
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14 functional | |
adj.为实用而设计的,具备功能的,起作用的 | |
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15 administrative | |
adj.行政的,管理的 | |
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16 donor | |
n.捐献者;赠送人;(组织、器官等的)供体 | |
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