Dive Brief:

• The Bill & Melinda Gates Foundation has chosen the chancellor of the University of California, San Francisco as its next CEO.
• Dr. Susan Desmond-Hellmann will be the first physician to lead the foundation and its first leader with no ties to Microsoft.
• The Gates Foundation has an endowment of $40 billion and more than 1,100 employees.

Dive Insight:

The foundation supports initiatives in education and world health. Among its grant targets this year have been Common Core standards, improvements in the financial aid system and experimental teaching methods.