Seatol – Seattle (AP) – Bill Gates says he will donate 99% of his remaining technical fate to the Gates Foundation, which will now be closed in 2045, earlier than the previous plan. Today, it will be worth $ 107 billion.
This commitment is one of the largest philanthropic gifts so far – the outspoken contribution of industrialists like John de Rockefeller and Andrew Carnegie when adjusting for inflation. Only Berkshire Hathaway Investor Warren Buffett has his promise to grant his fate – currently estimated by Forbes $ 160 billion dollars – depending on the stock market fluctuations.
Gates’ grants will be provided over time and will allow the Foundation to spend an additional $ 200 billion in the next 20 years.
In an interview to the Gates Associated Press, “a lot of things to be able to keep these factors are thrilling.”
His declaration on Thursday indicates both the promise of sustainable support for a final completion of the worldwide health and education and the Foundation’s global impact on those reasons. Gates says that spending his fate will help save and improve a lot of life now, which will have a positive riple impact outside the foundation’s closure. It also makes its motives even more likely to be honored.
Gates said, “I think that we are given as much as possible to make progress on these topics and give people the right balance in 20 years of giving a lot of notice.” Gates said.
The Gates Foundation has long been relentless in the foundations – attracting supporters and detectors, but numerous baseless conspiracy theories.
In addition to the $ 100 billion it spent since its inception 25 years ago, it has conducted scientific research, helped develop new technology and nurtured long -term partnerships with countries and companies.
So far about 41% of the Foundation’s money came from Warren Buffett and the rest came from Fortune Gates made in Microsoft.
Beginning by Bill Gates and Melinda French Gates in 2000, the Foundation played an important role in forming a global health policy, and has created a special niche with companies to reduce treatment costs so that small and middle -income countries can carry them.
Gates called it his second and final career, saying, “The work of the Foundation was more effective than my expectation.”
Foundation’s impact on global health from the World Health Organization to the Research Agenda – both of its successes are a magnet for criticism. Over the years, researchers have asked why a rich family should be so suppressed on how to improve human health and respond to the crisis.
Gates said he could choose how to spend how he earns, like a private citizen, and decided to decide what he can do to reduce childhood death.
“Is that the bad thing? This is not an important cause?
From the Associated Press Gates Foundation for the African news coverage and the French Gates Company of Melinda, pivotal venture workers and Statehouses women’s news coverage.
According to UN statistics, the most valuable metric of the foundation decreases childhood death from about half of 2000 and 2020s. Mark Suzman, CEO of the Foundation, was warned that he did not take credit for the success. However, he believes that they had a “catalyst role” – for example, in helping children to provide vaccine through cows, they helped create a vaccine alliance.
There are still many goals of the foundation – eliminating polio, controlling other deadly diseases like malaria and reducing malnutrition, which makes children more risky for other illnesses.
Gates expects that the rich donors will be relieved to deal with other problems by spending these problems now.
The Gates Foundation planned to reduce Gates two decades later, which means today’s announcement has been significantly removed the schedule. Gates plans to be appointed, though at the age of 695, he acknowledged that he might not have any statement.
In the rest of the two decades, the Foundation will maintain a budget of about $ 9 billion a year, which represents a flattering from almost annual growth since 2006, when the first grant began to be donated.
Suzman is hoping that the Foundation will narrow its focus on top priorities.
“That time the horizon and the resources simply put a more burden on us, ‘Are you actually your resources, keeping your thumb down, it is about to be the largest, most successful bats than the thinner spreading it too thinly?” “Suzman said, which he recognized that programs would continue.
Big changes before the 25th year of the Foundation.
Melinda French Gates and Bill Gates were divorced in 2021 and resigned as Trustee of the Buffet Foundation. They appointed a new board of trustee to help manage the foundation, and in 2021, French Gates left to work in its own company.
French Gates said he decided to partially resign to focus against the US rights role in the United States at the Eli Women of Impact event in New York in April, saying he wanted to leave the foundation at a higher point.
“I believe in the current CEO Mark Suzman,” he said. “We had a board in place that I helped to place and I knew their values.”
Even as the Foundation administration is stable, the front road looks tough. Permanent conflicts in Ukraine and Gaza, global economic turmoil and foreign support have cut off the forecast of the upcoming low resources for world health and development.
Gates said, “The biggest uncertainty for us is the kindness that will lead to global health.” “Does it continue to go down like the past few years or can we get back to where it should be?”
Even facing these obstacles, gates and foundations speak, such as they often, with optimism, pointing to ways that they have financed or helped them reduce their care.
Gates said, “Bringing these little expensive things is incredible and tragic if we can’t get them to everyone,” Gates said. “So those who are good to help those who need the most in need need to renew that promise.”
___
Philantropy and Nonprofit Associated Press Coverage Lily Endement Inc. The conversation with this financing receives support with us through the cooperation of AP. AP is the sole responsible for this content. For all the coverage of AP, see https://apnews.com/hub/philantthropy.
Leave a Reply