69ý

Education Funding

Gates Foundation’s New Billions Viewed as Boon, Challenge for Education Giving

July 11, 2006 2 min read
  • Save to favorites
  • Print
Email Copy URL

The recent announcement by the investor Warren E. Buffett that he will donate some $30 billion to the Bill & Melinda Gates Foundation is spurring questions about what the gift will mean—and should mean—for education giving at the nation’s wealthiest philanthropy.

The Gateses made clear during a public forum with Mr. Buffett that education will stay a top priority for the foundation, whose biggest focus is on issues of global health and development. Bill Gates, who is the chairman of the Microsoft Corp. of Redmond, Wash., called ensuring a high-quality education for all U.S. students “our second big goal.”

“You could say we’re five or six years into our education thing, and we need another probably three to five years before it’s very clear which models are working,” he said at the June 26 New York City forum.

The Gateses did not offer any specifics for how the Buffett gift might affect their education giving, and a Gates spokeswoman also declined to do so, other than to reiterate the philanthropy’s commitment to the work.

The foundation has an endowment of more than $29 billion. Since 2000, it has committed about $1 billion to support the start-up of small high schools or the restructuring of large schools into smaller units. Disappointed by the outcomes of some of its small-schools work, the foundation increasingly has been giving money to help urban districts with broader efforts to improve curriculum and instruction in high schools.

Call for R&D

Mr. Buffett announced last month that he plans to donate most of his fortune, estimated at more than $40 billion, to several philanthropies, with the majority going to the Gates Foundation. The gift will go out in annual contributions of stock from Berkshire Hathaway, the Omaha, Neb., company he founded.

“This is going to be a very big investment for a long time,” said Paul T. Hill, the director of the Center on Reinventing Public Education, located at the University of Washington in Seattle, whose work has received financial support from the Gates Foundation. “The question really is, their feet are wet, what do you do if you want to make a fundamental difference?”

Mr. Hill is hoping the foundation will shift toward a major emphasis on research and development in education, suggesting there remain far too many unanswered questions about how to successfully educate disadvantaged students.

“The foundation would actually ask for innovative ideas in instruction and instructional management, in integration of social services, in use of online and other resources,” Mr. Hill explained. Beyond that, he suggested, it should back efforts to implement pilot initiatives using those methods.

Frederick M. Hess, the director of education policy at the Washington-based American Enterprise Institute, said the growth at the foundation poses challenges.

“There’s a danger that, kind of like moths to a flame, reformers and researchers will flow to whatever Gates is doing, because there will be such a concentrated amount of resources.”

He added, “They’ve got to redouble their efforts to ensure that they’re speaking to folks who are thinking about the challenges in different ways, and seeking out thoughtful criticism and feedback.”

The Gates Foundation has provided funding to support Diplomas Count, an annual Education Week report on high school graduation.

A version of this article appeared in the July 12, 2006 edition of Education Week as Gates Foundation’s New Billions Viewed As Boon, Challenge for Education Giving

Events

This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
Special Education Webinar
Don’t Count Them Out: Dyscalculia Support from PreK-Career
Join Dr. Elliott and Dr. Wall as they empower educators to support students with dyscalculia to envision successful careers and leadership roles.
Content provided by 
This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
Student Well-Being Webinar
Improve School Culture and Engage 69ý: Archery’s Critical Role in Education
Changing lives one arrow at a time. Find out why administrators and principals are raving about archery in their schools.
Content provided by 
School Climate & Safety Webinar Engaging Every Student: How to Address Absenteeism and Build Belonging
Gain valuable insights and practical solutions to address absenteeism and build a more welcoming and supportive school environment.

EdWeek Top School Jobs

Teacher Jobs
Search over ten thousand teaching jobs nationwide — elementary, middle, high school and more.
Principal Jobs
Find hundreds of jobs for principals, assistant principals, and other school leadership roles.
Administrator Jobs
Over a thousand district-level jobs: superintendents, directors, more.
Support Staff Jobs
Search thousands of jobs, from paraprofessionals to counselors and more.

Read Next

Education Funding Trump Spending Freeze Hits Roadblocks: How 69ý Are Coping With Chaos
The Trump administration appeared to halt the planned funding freeze, but district leaders remain cautious.
6 min read
President Donald Trump speaks in Emancipation Hall after the 60th Presidential Inauguration, Monday, Jan. 20, 2025, at the U.S. Capitol in Washington.
President Donald Trump speaks in Emancipation Hall after the 60th Presidential Inauguration on Monday, Jan. 20, 2025, at the U.S. Capitol in Washington. His administration's order to pause potentially trillions of dollars in federal spending this week sent school districts scrambling to figure out which funds might be halted.
Al Drago/AP
Education Funding Trump’s Federal Funding Freeze Was Blocked. But Confusion Among 69ý Remains
The order sent school districts and others scrambling to determine which federal funds for schools could be stopped.
9 min read
White House press secretary Karoline Leavitt speaks with reporters in the James Brady Press Briefing Room at the White House, Tuesday, Jan. 28, 2025, in Washington.
White House press secretary Karoline Leavitt speaks with reporters at the White House, Jan. 28, 2025, in Washington. She spoke about a pause in federal funding the Trump administration ordered this week as it reviews grants and programs to determine whether they violate executive orders cracking down on diversity, equity, and inclusion initiatives, as well as "gender ideology."
Alex Brandon/AP
Education Funding These High Schoolers Are Suing for Better 69ý. Can They Win?
A new lawsuit joins others currently challenging states to follow constitutional requirements for public education.
8 min read
school funding lawsuits 836865720
z_wei/iStock/Getty Images Plus
Education Funding Rural 69ý Are Set to Lose Key Federal Funds—Unless Congress Acts Fast
Thousands of districts near national forest land could lose money as the Secure Rural 69ý Act expires.
7 min read
Image of a student about to board a school bus in the morning.
iStock/Getty