Gates foundation gives $750m to fight malaria.SPOKANE -- The Bill and Melinda Gates Foundation Bill and Melinda Gates Foundation, philanthropic institution founded in 1994 by Microsoft chairman Bill Gates and his wife, Melinda, to improve the lives of the poor throughout the world, primarily through grants for projects relating to global health care, will give $750 million to Global Alliance for vaccines and immunizations. The gift doubles the * amount of global spending on research into malaria by nongovernmental organizations Transnational organizations of private citizens that maintain a consultative status with the Economic and Social Council of the United Nations. Nongovernmental organizations may be professional associations, foundations, multinational businesses, or simply groups with a common interest in . To avoid governments' using the Gates funding to cut down on their expenditures, GAVI GAVI Global Alliance for Vaccines and Immunization and other contributions supported by the foundation require that any contributions from governments and non-profit groups accompany any grants. Norway and Britain have responded with $290m, and $1.8 billion, respectively to be channeled to GAVI through a newly created International Finance Facility for Immunization immunization: see immunity; vaccination. . "We can prevent malaria with nets that cost $7 or less and cure it with drugs costing $3 or less; that's money well spent." --Ted Turner, founder of the United Nations Foundation |
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