"Suzman, who joined the foundation in 2007 as director of global development policy, advocacy, and special initiatives, and became CEO in 2020, says the finality and scale of his mandate actually provides clarity and focus. "It allows us to be very predictable and reliable for the next two decades," he says. "That's a luxury for a CEO." With clarity comes focus The foundation announced it is sunsetting earlier this year, accelerating a shutdown that Suzman says had always been part of the organization's long-term plan."
"At the time of the announcement, chair and board member Bill Gates said the nonprofit would concentrate its efforts on three areas: ending preventable deaths of mothers and babies, eradicating deadly infectious diseases, and putting millions of people on the path to economic prosperity. That means some programs will "graduate," or be reworked. Some existing initiatives that fall outside the focus areas or may not be achievable by 2045 are moving into new partnerships."
Mark Suzman manages a foundation that plans to spend $200 billion over the next 20 years and will close on December 31, 2045. The finality and scale of the mandate provide clarity and allow predictable, reliable operations across two decades. The foundation is concentrating efforts on ending preventable deaths of mothers and babies, eradicating deadly infectious diseases, and creating pathways to economic prosperity. Programs that fall outside these priorities will be graduated or reworked and moved into partnerships. Economic-opportunity work for Americans has been transitioned into NextLadder Ventures, a coalition including Ballmer Group, Valhalla Foundation, Stand Together, and other philanthropies.
Read at Fast Company
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