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Gates Foundation Awards $10 Million Grant To Black History Museum

Bill Gates, the billionaire founder of Microsoft Corporation, has awarded a $10 million grant to the Smithsonian's National Museum of African American History and Culture planned for the National Mall in Washington. The award was made through his foundation that he runs with his wife Melinda.

The grant will support the capital campaign for design and construction of the first-of-its-kind museum, which according to the president of the foundation "will make the stories and history of African Americans available to everyone."

Groundbreaking for the project will take place in the year 2012, and the grand opening is scheduled for three years after that. Total estimated construction costs will amount to about $500 million. Congress will pay at least half that.

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