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Article: Gates Gives Multi-Million Donations.(Brief Article)
- Article from:
- Fund Raising Management
- Article date:
- December 1, 1999
CopyrightCOPYRIGHT 1999 Hoke Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Cystic Fibrosis Foundation said it had received $20 million donation, the largest in its 44-year history, from a charity established by Microsoft Corp. Chairman Bill Gates and his wife.
The grant from the Bill and Melinda Gates Foundation will support drug development for treatment of cystic fibrosis, an inherited disease marked by a tendency for lung infections and poor absorption of fats and other nutrients in food. It afflicts 30,000 Americans and 70,000 people worldwide.
"This remarkable gift by the Gates family will allow the CF Foundation to pursue an even more diversified approach to curing the disease by greatly expanding our drug discovery ...