"Bill Gates said last year that the foundation would spend $200 billion over the next 20 years and then close as part of his plan to give away the bulk of his wealth. This week, he and other members of the foundation's board approved the largest budget in the foundation's history, topping last year's budget of $8.74 billion. With that new dollar amount, the foundation will increase budgets for several programs, including women's health, vaccine development, polio eradication, AI, and U.S. education."
"The board also approved a proposal to cap operating costs - including staff, salaries, infrastructure required to run the organization, facilities, and travel expenses - at no more than $1.25 billion, or approximately 14% of the foundation's budget. To meet that goal, the grantmaker will cut up to 500 of its 2,375 staff positions by 2030, including some open roles that may remain unfilled."
The Gates Foundation will spend a record $9 billion in 2026 and increase funding for women's health, vaccine development, polio eradication, AI, and U.S. education. The foundation plans to spend about $200 billion over 20 years and close in 2045 as part of Bill Gates's wealth distribution plan. The board capped operating costs at $1.25 billion (about 14% of the budget) and set a maximum target to cut up to 500 of 2,375 staff positions by 2030, including leaving some open roles unfilled. Staff reductions and other expense cuts will proceed incrementally and be reviewed annually.
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