Bill Gates announced that his foundation must exhaust its funds and cease operations within 20 years. This significant decision commemorates milestones in his life and the foundation's history. Gates has committed 99% of his wealth, approximately $107 billion, which will result in over $200 billion spent in the next two decades. This move alters previous plans to close post-Gates' death and is notable amid reduced foreign aid from the Trump administration. The foundation has previously invested heavily in global health, education, and development initiatives, particularly in low-income countries.
The Gates Foundation received a death sentence of sorts today.
Bill Gates said today that his foundation will have just 20 years to exhaust its coffers and wind down operations.
Over the next 20 years of donations, he expects the foundation to spend more than $200 billion.
This decision comes at a moment of reflection for me,
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