gates foundation

Gates Foundation to Focus on College Education

The Gates Foundation has announced it will spend several hundred million dollars over the next five years in an effort to double the current number of low-income students who graduate from college, according to The Chronicle of Philanthropy.

On Tuesday at A Forum for Education in America, Bill Gates told guests, "According to our data, the number of low income and minority students graduating college ready today is 22 percent, and that figure is increasing far too slowly. It's unacceptable. We need to do better."

The Foundation will spend approximately $3 billion across all its education initiatives this year alone, including plans to reduce the dropout rate at the high school level and provide more teacher support. Experts suggest that with the failing economy, federal and state agencies with less and less to spend could start collaborating with the Foundation to improve education in America.

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Buffett's Financial Plans

by Nicole Weston (RSS feed) —

Filed under: Events

Warren Buffett recently announced that he plans to give away the majority of his fortune upon his death. Many expected the bulk of his holdings to be given to the Susan Thompson Buffett Foundation, which was founded by Buffett's late wife, but it now appears that the largest contribution of $30.1 billion will go to the Gates Foundation. A contribution of that size would double the size of the foundation, already the world's largest. His wife's foundation will receive approximately $3 billion, while the three foundations run by each of his children will get over $1 billion each.