The funding for the standards stretched from teachers’ unions and business groups to political advocacy groups, and was embraced by the Obama administration, which eventually hired a number of former Gates Foundation staffers. The Foundation spent hundreds of millions of dollars to promote and implement the highly controversial national Common Core education standards. The Gates Foundation spends five percent of its endowment on programs and advocacy concerning education, health, poverty, climate change, and “clean energy.” The other 95 percent is invested through the Bill and Melinda Gates Foundation Trust, which is controlled by Bill and Melinda Gates and Democratic Party donor and investor Warren Buffett, who pledged $31 billion to the Foundation in 2006. Its total assets of nearly$48 billion (as of year-end 2018) make the Gates Foundation the largest private philanthropic foundation in the world. The Bill and Melinda Gates Foundation (Gates Foundation) was formed in 2000 by Microsoft founder Bill Gates and his wife, Melinda.
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