Bill Gates donated record $8 billion to Melinda French Gates' foundation as part of their divorce settlement | Fortune

"Melinda French Gates has transformed her relatively young Pivotal Philanthropies Foundation into one of America's largest private foundations almost overnight, in part due to her split with ex-husband Bill Gates. As part of the pair's high-profile divorce announced in 2021, Gates agreed to make a $7.88 billion donation-one of the largest ever-to French Gates' private foundation, according to a tax filing, as previously reported by the New York Times' DealBook."

"Gates' donation skyrocketed Pivotal Philanthropies Foundation's assets by more than 1,000% to about $7.4 billion in 2024, according to a tax filing. That's up from $604 million at the end of 2023. French Gates' Pivotal Philanthropies now finds itself in the ranks of philanthropy power players, just over a year after Gates and French Gates separated their philanthropic efforts in May 2024."

"The multibillion-dollar Gates donation to Pivotal is part of a previously promised $12.5 billion that French Gates said would be disbursed thanks to her "agreement with Bill." These funds have been fully paid out, and Gates' donation makes up part of the money, a spokesperson for Pivotal Philanthropies confirmed to Fortune. After resigning in May 2024 as co-chair of the Bill and Melinda Gates Foundation, now the Gates Foundation, French Gates said the $12.5 billion would be used " on behalf of women and families.""

Melinda French Gates' Pivotal Philanthropies Foundation received a multibillion-dollar infusion after a $7.88 billion donation from Bill Gates, boosting assets to about $7.4 billion in 2024 from $604 million at the end of 2023. The gift is part of a previously promised $12.5 billion tied to an agreement with Bill Gates and reportedly has been fully paid out. Pivotal positioned itself among major philanthropic donors following the split of philanthropic efforts in May 2024. The allocation of an additional roughly $4.6 billion remains unclear, with some funds possibly routed to French Gates' LLC, Pivotal.

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