Education Funding

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

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

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
Student Well-Being Webinar
Reframing Behavior: Neuroscience-Based Practices for Positive Support
Reframing Behavior helps teachers see the “why” of behavior through a neuroscience lens and provides practices that fit into a school day.
Content provided by Crisis Prevention Institute
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
Mathematics Webinar
Math for All: Strategies for Inclusive Instruction and Student Success
Looking for ways to make math matter for all your students? Gain strategies that help them make the connection as well as the grade.
Content provided by NMSI
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
Mathematics Webinar
Equity and Access in Mathematics Education: A Deeper Look
Explore the advantages of access in math education, including engagement, improved learning outcomes, and equity.
Content provided by MIND Education

EdWeek Top School Jobs

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

Read Next

Education Funding When There's More Money for Schools, Is There an 'Objective' Way to Hand It Out?
A fight over the school funding formula in Mississippi is kicking up old debates over how to best target aid.
7 min read
Illustration of many roads and road signs going in different directions with falling money all around.
iStock/Getty
Education Funding Explainer How Can Districts Get More Time to Spend ESSER Dollars? An Explainer
Districts can get up to 14 additional months to spend ESSER dollars on contracts—if their state and the federal government both approve.
4 min read
Illustration of woman turning back hands on clock.
Education Week + iStock / Getty Images Plus Week
Education Funding Education Dept. Sees Small Cut in Funding Package That Averted Government Shutdown
The Education Department will see a reduction even as the funding package provides for small increases to key K-12 programs.
3 min read
President Joe Biden delivers a speech about healthcare at an event in Raleigh, N.C., on March 26, 2024.
President Joe Biden delivers a speech about health care at an event in Raleigh, N.C., on March 26. Biden signed a funding package into law over the weekend that keeps the federal government open through September but includes a slight decrease in the Education Department's budget.
Matt Kelley/AP
Education Funding Biden's Budget Proposes Smaller Bump to Education Spending
The president requested increases to Title I and IDEA, and funding to expand preschool access in his 2025 budget proposal.
7 min read
President Joe Biden delivers remarks on lowering prices for American families during an event at the YMCA Allard Center on March 11, 2024, in Goffstown, N.H.
President Joe Biden delivers remarks on lowering prices for American families during an event at the YMCA Allard Center on March 11, 2024, in Goffstown, N.H. Biden's administration released its 2025 budget proposal, which includes a modest spending increase for the Education Department.
Evan Vucci/AP