In addition to the main Foundation, Gates Family Foundation provides the opportunity for Gates family members to utilize the Foundation’s staff and infrastructure to pursue their own philanthropic interests. The assets of these family funds are managed and invested as part of the Foundation’s total portfolio, but grants are made at the discretion and according to the interests of family members.
Currently, the Gates Family Foundation administers eight Gates family funds which collectively distribute approximately $10 million per year:
- Berenice Gates Hopper Family Fund
- Brown and Mardi Cannon Family Fund
- Charles G. and Kathleen G. Cannon Family Fund
- Gates Frontiers Fund
- Kit Woodruff Memorial Fund
- New L Fund
- Poha Fund
- Robert E. Hopper Family Fund
As of December 31, 2018 these funds had a combined value of almost $223 million, or 49% of the Gates Family Foundation endowment value.