Bill Gates Gives $500 Million To Fight Malaria, Other Diseases

Bill GatesBill Gates announced Sunday his foundation will give away $500 million this year to combat diseases like malaria on top of the $50 million it already committed to fighting Ebola.

?The Ebola epidemic has shown, once again, that in today?s interconnected world, health challenges anywhere create health challenges everywhere,? Gates said. ?The best way to overcome those challenges is to dedicate ourselves to the great cause of reducing the global burden of infectious disease.?

Over $150 million of the donation will go toward the PATH Malaria Vaccine Initiative, a worldwide vaccine development program founded in 1999 with a grant from the Gates Foundation. Some $60 million will go toward the Drugs for Neglected Diseases Initiative, which searches for medicines to help combat sicknesses.?

Read more at Forbes.