At the recent Forbes 400 Charity Summit in 2022, Bill Gates said in an interview that the plan would close the Bill Melinda Gates Foundation within 25 years.
Gates said at the meeting in New York City: “This may be Melinda and I will help to ensure that it stays normal during this period of time.”. “We think it is reasonable to spend all the money in this period. Therefore, we will transfer more and more funds, and we promise to increase the level of expenditure.”
Since its establishment in 2000, the Seattle based foundation has more than 70 billion dollars in assets and has donated 65.6 billion dollars. The organization recently said that its annual donation would increase from US $6 billion to US $9 billion by 2026.
The future of the Gates Foundation was questioned after it divorced its co leader of the same name last year. In July 2021, the foundation announced a two-year trial period to observe how the partners work together effectively.
The recent interview with Gates and Gates in France shows that they can still lead one of the largest charities in the world together.
Gates of France said in an interview with Bloomberg this month: “Bill and I have worked together effectively for a long time, including that we are going through a difficult period in family life, and that we have emerged after divorce.”. “We were working hard at that time and during the pandemic, and we are working hard today.”
France Gates said that she would share time equally between the Foundation and Pivotal Ventures, her Seattle regional organization, which is dealing with gender equality and women’s empowerment in the United States.
Gates also participated in a separate initiative to focus on climate change. Breakthrough Energy Ventures are supporting scientists, start-ups, companies and policies to address climate challenges.
In the recent Goalkeepers Report, Gates and French Gates will evaluate their efforts to achieve the sustainable development goals of the United Nations every year. In the report, both expressed regret over the flu and the major setback caused by Russia’s invasion of Ukraine. They also shared their papers, which were written on issues consistent with their personal long-term enthusiasm: Gates focused on innovation in food production, while Gates in France focused on projects to promote women’s economic success.
If the foundation ends in 2047, Gates will be 91 years old and French Gates will be 83 years old. Two years ago, Bill Gates Sr., who played an important role in the foundation’s establishment, died at the age of 94.
The foundation recently established a council to help manage the organization. The Board has five external members, plus Mark Suzman, Gates and French Gates, the CEO of the Foundation.
In 2010, the former couple and Warren Buffett jointly founded the Donation Pledge, promising to donate most of their extraordinary wealth. Gates, worth more than 102 billion dollars, donated 20 billion dollars to the foundation this summer.
In an interview with Forbes last week, Gates outlined the goals of the foundation before it ended. He said that our goal is to “strive to eliminate infectious diseases, or all the diseases that make the world unfair, and eliminate these diseases to a large extent by eradicating or reducing them to a very low level.”