Analysis of a Foundation Bill and Melinda Gates
Analysis of a Foundation
The foundation supports many causes including interests in expanding childhood immunization; supporting polio eradication: supporting the United Negro College Fund; supporting plans to transform how teachers are recruited, developed, rewarded, and retained: mproving seeds and soil for African farmers: increasing small farmer income: supporting a coalition of countries from the developing world making savings accounts, insurance, and other financial services available to people living on less than $2 a day: testing and promoting the use of information and communications technologies to deliver microfinance products: supporting the installation of public computers with Internet access, training for staff, and implementation support for public libraries: and many other causes.
With the exception of college scholarships the foundation does not does not provide funding to individuals.
It only accepts proposals from 501(c)(3) and other tax-exempt organizations. However it is college funding for the individual that I want to center this paper on. In 1999, the Bill and Melinda Gates Foundation foundation pledged $1 billion to fund college scholarships to deserving students.
To date, the Gates Millennium Scholars Program has helped 13,000 high-potential, low-income students improve their lives through higher education Description of who is eligible to apply to this foundation. Students are eligible to be considered for a GMS scholarship if they: Are African American, American Indian/Alaska Native*, Asian Pacific Islander American** or Hispanic American. Are a citizen, national or legal permanent resident of the United States Have attained a cumulative high school GPA of 3.
3 on an unweighted 4. 0 scale or have earned a GED Will enroll for the first time at a U. S. located, accredited*** college or university in the fall of 2013 as a full-time, degree-seeking, first-year student. First-time college enrollees can also be GED recipients.
Have demonstrated leadership abilities through participation in community service, extracurricular, or other activities Meet the Federal Pell Grant eligibility criteria Have completed and submitted all three required forms: the student’s application , an evaluation of the student’s academic record and an evaluation of the student’s community service and leadership activities by the deadline I picked this foundation because of their history, the mission, and their vision.
The foundation’s goal is to dramatically increase the number of young people who graduate high school ready for college and career and who go on to complete a postsecondary degree or certificate. America’s system of higher education helped make our nation a global leader.
Today, while college enrollment is at an all-time high, completion rates have remained virtually flat over the past 30 years. More than half of all the students who enter the post-secondary system don’t earn a degree or credential within eight years of enrolling. http://gatesfoundation. org The foundation believes a post-secondary credential—whether it’s a bachelor’s degree, associate degree, apprenticeship, or certificate—is critical for success in today’s economy.
By 2018, more than six in 10 jobs will require some sort of post-secondary education. Simply put, for millions of Americans, a post-secondary credential is a ticket to out of poverty and into the middle class. The foundation is working to improve the post-secondary education system for all students.
The Gates Millennium Scholars (GMS) Program selects 1,000 talented students each year to receive a good-through-graduation scholarship to use at any college or university of their choice. They provide Gates Millennium Scholars with personal and professional development through their leadership programs along with academic support throughout their college career. The Gates Millennium Scholars (GMS) Program application is now completely online and prospective applicants must go to the GMS Portal to apply.
What is the amount of the scholarship? | |Individuals selected as Gates Scholars will receive funds in an amount to be determined by GMS based on financial need.
The award will be based | | |on the cost of tuition, fees, books and living expenses for the 2013-2014 academic year, as well as the availability of grants and other | | |scholarships reported on the financial aid award letter. | Recipents of Awards from the foundation are to numerous to name in this paper. As a matter of fact the names of non-profit organizations granted funds fro the foundationare to numerous to name, given the space and wording allotted to this paper, however according to what I read the foundation has awarded monies in excess of $29 trillion since 1994.