Based in Geneva, Switzerland, the Millennium Foundation aims to ensure that international commitments on improving health care are met through the development of innovative financing projects.

[3][4][5] Official Development Assistance has been increasing in the past few years but cannot keep up with the damage done by the economic crisis on low- and middle-income countries.

[16] Funds were used to provide drugs to reduce child mortality, improve maternal health and combat HIV/AIDS, malaria and tuberculosis.

[17][18] These contributions went to the Spanish Red Cross and UNITAID,[19] which has a wide range of partners in developing countries including the Clinton Foundation, UNICEF, the World Health Organization, UNAIDS, the Global Fund, the Roll Back Malaria (RBM) Partnership, Stop TB Partnership and the Foundation for Innovative New Diagnostics.

[19] It was discontinued by the Board of the Millennium Foundation on 4 November 2011, citing insufficient returns "for such a micro-philanthropy initiative in today’s economic climate".