Gates Family Foundation Explained

Gates Family Foundation
Size:350px
Formation:1946
Type:Philanthropic organization
Headquarters:Denver, CO, United States
Leader Title:President
Leader Name:Thomas A. Gougeon
Revenue:$67,158,457[1]
Revenue Year:2018
Expenses:$25,114,405
Expenses Year:2018
Website:www.gatesfamilyfoundation.org

The Gates Family Foundation[2] is one of the largest philanthropic organizations in Colorado, based in Denver.

Background

Founded in 1946, the Foundation currently has net assets[3] of approximately $500 million. In 2007, the Foundation paid roughly $20 million in grants, all of which went to Colorado recipients.

The source of the original endowment is the Gates Rubber Company of Denver, Colorado.

The Foundation is well known in Denver, for example including the Gates Planetarium at the Denver Museum of Nature and Science.[4]

In May 2022, The Gates Family Foundation announced a $200 million donation and collaboration project with the University of Colorado Anschutz. The Donation is to establish a medical research institute at the university’s Anschutz Medical Campus and is to be funded over five years by the Gates Family Foundation.[5]

Assets and funding details

As of 2018 the Gates Family Foundation had assets of $361,589,256.

Funding details as of 2018:

Notes and References

  1. Web site: Gates Family Foundation . 22 April 2019 . candid . 13 January 2020 . 14 January 2020 . https://web.archive.org/web/20200114114415/https://990s.foundationcenter.org/990pf_pdf_archive/840/840474837/840474837_201812_990PF.pdf . live .
  2. Web site: Gates Family Foundation . Gates Family Foundation . 21 January 2020 . 8 March 2020 . https://web.archive.org/web/20200308181007/https://gatesfamilyfoundation.org/ . live .
  3. Web site: Gates Family Foundation :: Annual Reports . 2008-12-18 . https://web.archive.org/web/20081227225015/http://www.gatesfamilyfoundation.org/www/gates.php?section=annual_reports&p= . 2008-12-27 . dead .
  4. Web site: Gates Planetarium . Denver Museum of Nature & Science . 21 January 2020 . 31 January 2020 . https://web.archive.org/web/20200131134150/https://www.dmns.org/visit/planetarium/ . live .
  5. 12 May 2022. CU Anschutz, Gates Family commit $200 million for medical institute. Philanthropy News Digest. 12 May 2022. 12 May 2022. https://web.archive.org/web/20220512044840/https://philanthropynewsdigest.org/news/cu-anschutz-gates-family-commit-200-million-for-medical-institute. live.