October 4, 2007
Gates Fund Creates Advisory Panels to Guide Its Grant-Making Programs
The Bill & Melinda Gates Foundation has created three advisory committees to guide and evaluate each of its major grant-making programs.
The foundation, which has $34.6-billion in assets, has come under scrutiny for the close-knit nature of its board. The three board members of the foundation are its sole donors: Bill and Melinda Gates and Warren E. Buffett, the investor and philanthropist who pledged stock worth more than $30-billion to the fund last year.