Source: European Parliament
The Commission does not finance private foundations of the United States, including the Bill Gates Foundation. The Commission contributes (as many EU Member States and other major donors) to independent multi-partner global funds and initiatives of which the Bill and Melinda Gates foundation is also often a major investor.
In respect of the EU’s Financial Regulation[1], EU development funding implemented by foundations or other civil society organisations (CSOs) is awarded through competitive calls for proposals. Recourse to an award of a grant without a call for proposals can be justified only in exceptional cases.
All development projects funded by the EU and implemented by CSOs are subject to strict and rigorous monitoring and reporting procedures on an annual basis.
The EU projects, implemented by foundations or CSOs, are subject to audits and/or a specific result-oriented monitoring to ensure the attainment of agreed results. The reporting from all projects at corporate level allows for assessment of their impact through analysis of results and indicators.
- [1] https://op.europa.eu/en/publication-detail/-/publication/990fe2a6-8f52-11ef-a130-01aa75ed71a1/language-en