Bill Gates has long been known for his wealth secrets and his philanthropy. This year, he’s got another list of donations that look humongous but don’t even dent his billionaire status.
After all, what's a few hundred million here and there when you’re sitting on billions?
More than 1,300 charities received committed grants from the Gates Foundation in 2024, which has a yearly budget of $8.6 billion.
Let’s see which charities received over $25 million from the billionaire in 2024.
Steal this billionaire wealth-building technique
The ultra-rich have also been investing in art from big names like Picasso and Bansky for centuries. And it's for a good reason: Contemporary art prices have outpaced the S&P 500 by 136% over the last 27 years.
A new company called Masterworks is now allowing everyday investors to get in on this type of previously-exclusive investment. You can buy a small slice of $1-$30 million paintings from iconic artists, all without needing any art expertise.
If you have at least $10k to invest and are ready to explore diversifying beyond stocks and bonds,see what Masterworks has on offer. (Hurry, they often sell out!)
$85 million to Innovative Vector Control Consortium
In July 2024, Gates committed a cool $85 million to help the Global Fund, focusing on combating malaria.
The goal of IVCC is to prevent insect-borne diseases, mainly malaria, across the globe.
These efforts might save millions of lives, but when you have enough money to buy small countries, this donation feels like throwing pennies in a fountain.
$70 million to AfricaNenda Foundation
In May 2024, Gates donated $70 million to the AfricaNenda Foundation to support an Africa-based network of digital payment scheme experts that helps countries ensure access for all adults in Africa.
Of course, for Gates, this donation represents just a tiny fraction of his wealth, but for Africanenda, it could mean transforming the lives of millions with access to digital payments and banking.
$200 million to World Health Organization
Through multiple donations, Gates donated over $200 million to the World Health Organization in 2024.
The majority of his donations focus on tackling polio and targeting immunization efforts in developing countries.
Gates’ commitment to wiping out polio is only slightly more impressive than his ability to make even bigger donations feel like pocket change.
Resolve $10,000 or more of your debt
Credit card debt is suffocating. It constantly weighs on your mind and controls every choice you make. You can end up emotionally and even physically drained from it. And even though you make regular payments, it feels like you can never make any progress because of the interest.
National Debt Relief could help you resolve your credit card debt with an affordable plan that works for you. Just tell them your situation, then find out your debt relief options.1 <p>Clients who are able to stay with the program and get all their debt settled realize approximate savings of 46% before fees, or 25% including our fees, over 12 to 48 months. All claims are based on enrolled debts. Not all debts are eligible for enrollment. Not all clients complete our program for various reasons, including their ability to save sufficient funds. Estimates based on prior results, which will vary based on specific circumstances. We do not guarantee that your debts will be lowered by a specific amount or percentage or that you will be debt-free within a specific period of time. We do not assume consumer debt, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services. Not available in all states. Please contact a tax professional to discuss tax consequences of settlement. Please consult with a bankruptcy attorney for more information on bankruptcy. Depending on your state, we may be available to recommend a local tax professional and/or bankruptcy attorney. Read and understand all program materials prior to enrollment, including potential adverse impact on credit rating.</p>
How to get National Debt Relief to help you resolve your debt: Sign up for a free debt assessment here. (Do not skip this step!) By signing up for a free assessment, National Debt Relief can assist you in settling your debt, but only if you schedule the assessment.
$100 million to the United Nations Population Fund
Multiple donations went to the United Nations Population Fund to support vulnerable women and girls in Africa.
The fund is meant to increase contraceptive availability and financing for vulnerable women and girls.
While $100 million may seem like a lot to the average person, it’s really not that much to a billionaire.
$40 million to Bloomberg Philanthropies
Founded by three-term mayor of New York City, Michael R. Bloomberg, Bloomberg Philanthropies tackles issues ranging from public health to supporting the arts. This grant is specifically for pneumonia and pandemic preparedness, although the donation feels like a drop in the bucket compared to the size of Gates’ fortune.
Trending Stories
$80 million to the United States Fund for UNICEF
Polio is a top concern for the Gates Foundation and is reflected heavily in charities that receive grants. This is another charity that is heavily focused on eradicating polio worldwide.
While the donation was made to fund various causes, polio was cited as one of the main topics.
One could wonder if the cause of polio is so important, why the donation is less than 1% of the Gates Foundation annual budget.
$31 million to High Tech High Graduate School of Education
High Tech High seeks to disrupt traditional education by engaging students in the adult world of work through fieldwork and internships, along with integrating hands, hearts, and minds through rigorous, hands-on projects. The Gates Foundation is one of just eight partners who support this mission.
$28 million to Sightsavers
Sightsavers work to treat eye conditions such as cataracts and debilitating diseases which cause sight loss. They also perform eye operations and distribute treatments where needed.
The $28 million donation from the Gates Foundation will undoubtedly help Sightsavers carry out their mission, but Bill Gates probably wouldn’t even notice that amount missing.
To a billionaire, $28 million of his annual budget is like $3.25 out of a $1,000 budget.
$25 million to RESULTS Educational Fund, Inc
This donation is to help advocate and mobilize solutions for critical global health challenges.
The organization helps enterics, diagnostics, genomics, and epidemiology,
global education, global health and development public awareness and analysis.
It also handles HIV, maternal, newborn, and child nutrition and health, nutrition, pneumonia and
pandemic preparedness, polio, tuberculosis, and vaccine delivery.
Split among so many different health concerns, $25 million doesn’t go that far, so despite looking like a lot on paper, this donation feels minimal compared to Gates’ billion-dollar fortune.
Earn cash back on everyday purchases with this rare account
Want to earn cash back on your everyday purchases without using a credit card? With the Discover®️ Cashback Debit Checking account (member FDIC), you can earn 1% cash back on up to $3,000 in debit card purchases each month!2 <p>See website for details.</p>
With no credit check to apply and no monthly fees to worry about, you can earn nearly passive income on purchases you’re making anyway — up to an extra $360 a year!
This rare checking account has other great perks too, like access to your paycheck up to 2 days early with Early Pay, no minimum deposit or monthly balance requirements, over 60K fee-free ATMs, and the ability to add cash to your account at Walmart stores nationwide.
Don’t leave money on the table — it only takes minutes to apply and it won’t impact your credit score.
Bottom line
When you look at these donations, it’s clear that Gates is a force for good, but let’s not kid ourselves: None of these millionaire moves are even close to making him poor.
With a net worth that could fund several of these initiatives ten times over, he continues to be a symbol of how even a sliver of a billionaire's wealth can transform the world.
But to Gates? Well, this is just another Tuesday.
Lucrative, Flat-Rate Cash Rewards
FinanceBuzz writers and editors score cards based on a number of objective features as well as our expert editorial assessment. Our partners do not influence how we rate products.
Wells Fargo Active Cash® Card
Current Offer
$200 cash rewards bonus after spending $500 in purchases in the first 3 months
Annual Fee
$0
Rewards Rate
Earn unlimited 2% cash rewards on purchases
Benefits
- Low spend threshold for its welcome offer — $200 cash rewards bonus after spending $500 in purchases in the first 3 months
- Cell phone protection benefit (subject to a $25 deductible)
- Can redeem rewards at an ATM for literal cash
Drawbacks
- Foreign transaction fee of 3%
- No bonus categories
- Select “Apply Now” to take advantage of this specific offer and learn more about product features, terms and conditions.
- Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
- Earn unlimited 2% cash rewards on purchases.
- 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers. 19.49%, 24.49%, or 29.49% Variable APR thereafter; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5.
- $0 annual fee.
- No categories to track or remember and cash rewards don’t expire as long as your account remains open.
- Find tickets to top sports and entertainment events, book travel, make dinner reservations and more with your complimentary 24/7 Visa Signature® Concierge.
- Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
Subscribe Today
Want extra-cash moves to come right to you?
Stop browsing endlessly. Get proven ways to earn pocket money, help cover rent, and crush your debt — sent to your inbox daily.