(Bloomberg / Jessica Nix and Ashleigh Furlong) – The Gates Foundation will double its spending and sunset operations in 2045, President Bill Gates said in a statement.
The Foundation will spend more than $ 200 billion over the next 20 years, he said.
“I decided to return my money to society much faster than I had originally planned,” he wrote. “I will give practically all my wealth through the Gates Foundation in the next 20 years for the cause of safeguarding and improving lives in the world. And on December 31, 2045, the foundation will close its doors permanently. ”
The rapid acceleration follows a change of the Charter of the Gates Foundation which said that the organization would close 20 years after the death of Gates. The Gates Foundation gave more than $ 100 billion in its first 25 years.
The announcement comes as the nations retreats to finance global health. The Trump administration suddenly withdrawn from funding for key initiatives such as the World Health Organization, USAID and PEPFAR in January. The United States was the largest donor in WHO, providing support for programs, especially those who attack HIV, polio and health emergencies. Without American financial organizations like The Who seeks to make radical cuts in programs and staff.
Other countries, including the United Kingdom and France, have also reduced their aid budgets, as they accelerate defense expenses in the midst of current threats such as war in Ukraine.
During the COVVI-19 pandemic, Gates became the subject of multiple right-wing plots which claimed to have used the virus to take control of the global health system.
In 2021, Warren Buffett resigned as a trustee at the Bill and Melinda Gates Foundation while the charity was faced with upheavals created by the divorce of its homonymous founders. Then, in 2022, Melinda French Gates, announced that she would give her fortune more and more through philanthropies other than the Gates Foundation.
Gates, confusing Microsoft Corp. technology giant, is listed as the richest fifth in the world, according to the billionaire Bloomberg index.
–Aude the help of Shelly Banjo.
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