In 1997, the foundation started as the William H. Gates Foundation . It had initial gift of $94 million. The foundation was renamed the Bill & Melinda Gates Foundation after a merger with the Gates Learning Foundation in 2000 when the Gates gave an additional US$126 million. During the foundation's following years, funding grew to 2 billion. On June 15, 2006, Gates announced his plans to transition out of a day-to-day role with Microsoft, starting July 31, 2008, to allow him to devote more time to working with the foundation . The reason I say that bill gates is a good global initiative is because he helps the worlds poorest people get vaccines and things they need to get treatment for there sickness
