Summary comparison of the Ford and Gates Foundations Gates Foundation Ford Foundation Timeline Not to exist in perpetuity. Goal is to spend all of its resources within 50 years after Bill and Melinda's Perpetual. deaths. Size Gates Foundation (grants): 529.9B.* Gates Foundation Trust (investments): S29.78.* 510.4B.** Foundation Type Private operating foundation. Private non-operating foundation. Tax Filing 990-PF. 990-PF. Trust or corporate form Two-entity structure: the Bill & Melinda Gates Foundation (grants) and the Bill & Melinda Gates Foundation Trust (investments). Both entities are tax-exempt private foundations that are structured as charitable trusts. Originally incorporated under the Michigan General Corporation Act. Trustee independence Closely-held; foundation grant-making trustees are Bill Gates, Melinda Gates, Bill Gates, Sr., and Warren Board currently consists of 12 trustees, majority of whom must be Buffett. Bill and Melinda are the only trustees of independent. the investment trust. Grant-making areas Global Development Program, Global Health Program, United States Program. Eight issue areas encompassing democratic and accountable government, economic fairness, educational opportunity and scholarship, freedom of expression, human rights, sexuality and reproductive health and rights, social justice philanthropy, sustainable development. Grant-making advice Global Development Program Advisory Panel, Global Health Program Advisory Panel, and United States Program Advisory Panel. Regional program officers. Other governance Management committee that oversees the foundation's efforts. CEO and nine division executives. Seven governing committees: Executive, Investment, Audit, Management, Program, Proxy, and Membership. • As of January 1, 2009 (from 990-PF tax filing) • • As of September 30, 2009 (from 990.PF tax filing) Additional sources: Gatesfoundation.org, Fordfoundation.org EFTA01158664