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The Global Innovation Fund (GIF) is a non-profit investment fund. It invests in the development, testing, and scaling of social innovations with the potential to have a measurable impact on the lives of those living on less than $5 per day, such as new products, services, business processes, and policy reforms. [ 1 ]
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In 1951 the Foundation funded research that led to the development of isoniazid, the first anti-tuberculosis drug. [10]In 1954 the Foundation's trustees began approving grants to groups focusing on the arts and recreation with support going to Lincoln Center's building fund—the original objective of which was to make the performing arts more affordable to a larger segment of the population.
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The Global Fund’s investments have reduced deaths from HIV, tuberculosis, and malaria by 61% since 2002, saving 65 million lives. [27] Recent efforts include lowering the cost of key treatments for drug-resistant TB by 55% and first-line HIV medications by 25%, while introducing a more effective insecticide-treated mosquito net. [28]
GO has funded children's programs in over 40 countries ranging from Haiti and Peru to Cambodia and Vietnam to Kenya and South Africa, impacting over 418,000 children.GO also funds programs for youth in the United States as well, in rural Mississippi, Chicago, Colorado, New York City, Native American reservations, and in Los Angeles.
Ramdas ended her 14-year tenure at the Global Fund in September 2010, and was succeeded by Musimbi Kanyoro in August 2011. In September 2005, the Global Fund for Women created the Legacy Fund, which is the largest endowment in the world dedicated exclusively to women's rights. [4] It donates over $8.5 million annually to women-led organizations ...
The replacement for a crumbling underwater tunnel connecting New York City and New Jersey that carries up to 200,000 people daily just received the largest-ever federal transportation grant, ...