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
Overview
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.
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Associated Press·2M·FAQ
Bill Gates decided to close the Gates Foundation by 2045 to accelerate the spending of his fortune and maximize the foundation's impact in a more expedient manner, reflecting a shift in philanthropic trends towards more immediate contributions rather than indefinite operations.
Bill Gates will donate 99% of his remaining fortune, estimated at $107 billion, to the Gates Foundation.
The additional $200 billion that the Gates Foundation plans to spend over the next 20 years will focus on global health, education, global development, and gender equality.
The Gates Foundation has played a crucial role in reducing childhood deaths and has significantly influenced global health and philanthropy over its first 25 years by investing over $100 billion in health and development causes.
Bill Gates' planned donation of 99% of his $107 billion fortune is the second-largest philanthropic gift in U.S. history when adjusted for inflation, with only Warren Buffett's larger pledge potentially exceeding it depending on stock market fluctuations.
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