Management coursework Essay Example | Topics and Well Written Essays - 500 words

Management coursework - Essay Example The mission statement of the Bill and Melinda Gates Foundation reflects that â€Å"all lives have equal value† (Bill and Melinda Gates Foundation). The organization maintains a well designed professional website under the name ‘Bill and Melinda Gates Foundation’ that illustrates various programs and policies of the foundation. By the end of 2009, it was estimated that the organization had an endowment of US433.5 billion (Bill and Melinda Gates Foundation). As per the organization’s norms, the foundation must donate at least 5% of its assets each year in order to maintain its status as a charitable institution. Therefore, it is obvious that the organization would donate over US$1.5 billion each year. In order to improve the efficiency of its operations, the foundation was organized into four divisions in 2006 under the Chief Operating Officer Cheryl Scott. The organization became well known as it designed three grant-making programs such as ‘Global Hea lth Program, Global Development Program, and United States Program’ (Bill and Melinda Gates Foundation).