Bill Gates Accelerates Philanthropic Commitment, Plans Foundation Closure by 2045
Bill Gates will donate 99% of his wealth, estimated at $107 billion, to the Gates Foundation, which will close by 2045, moving its timeline forward significantly.
Bill Gates Announces He Will Shutter His Left-Wing Foundation Early
Washington Free Beacon
Bill Gates pledges 99% of his fortune to Gates Foundation
Washington Examiner
Summary
Bill Gates plans to donate 99% of his $107 billion fortune to the Gates Foundation, which will now close by 2045, earlier than intended. This unprecedented pledge aims to spend an additional $200 billion on global health and education initiatives, amid ongoing funding crises in international aid. His decision reflects a shift in philanthropic trends towards more expedient contributions rather than indefinite operations. Gates expressed urgency in addressing global health challenges, particularly as the foundation has played a crucial role in reducing childhood deaths. He aims to maximize impact and inspire other wealthy individuals to increase their philanthropic efforts.
Sources (23)
- Gates's pledge is a response to ongoing concerns about declining public health funding, and underscores the need for sustained funding to avoid setbacks in global health initiatives, particularly child mortality.
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