The Gates Family Foundation[2] is one of the largest philanthropic organizations in Colorado, based in Denver.
 | |
| Formation | 1946 |
|---|---|
| Type | Philanthropic organization |
| Headquarters | Denver, CO, United States |
President | Thomas A. Gougeon |
Key people |
|
Revenue (2018) | $67,158,457[1] |
| Expenses (2018) | $25,114,405[1] |
| Website | www.gatesfamilyfoundation.org |
Background
editFounded 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
editAs of 2018 the Gates Family Foundation had assets of $361,589,256.[1]
| Funding details as of 2018:[1] | Revenue and support as of 2018: $67,158,457 Net gain from sale of assets (70.7%) Contributions, Gifts, Grants (20.0%) Interest and dividends (6.7%) Other income (2.6%)
|
Expenses as of 2018: $25,114,405 Contributions, Gifts, Grants (81.3%) Operating and administrative expenses (14.5%) Taxes (4.2%)
|
References
edit- ^ a b c d "Gates Family Foundation" (PDF). candid. 22 April 2019. Archived (PDF) from the original on 14 January 2020. Retrieved 13 January 2020.
- ^ "Gates Family Foundation". Gates Family Foundation. Archived from the original on 8 March 2020. Retrieved 21 January 2020.
- ^ "Gates Family Foundation :: Annual Reports". Archived from the original on 2008-12-27. Retrieved 2008-12-18.
- ^ "Gates Planetarium". Denver Museum of Nature & Science. Archived from the original on 31 January 2020. Retrieved 21 January 2020.
- ^ "CU Anschutz, Gates Family commit $200 million for medical institute". Philanthropy News Digest. 12 May 2022. Archived from the original on 12 May 2022. Retrieved 12 May 2022.