0 Shares 124 Views

Melinda Gates Steps Down from Gates Foundation

gisthub May 14, 2024
0 125

Melinda French Gates has announced that she will be stepping down as co-chair of the Bill & Melinda Gates Foundation, the nonprofit she founded with her ex-husband, Bill Gates over 20 years ago.

 

Bill and Gates filed for divorce in 2021 after 27 years of marriage but pledged to continue their philanthropic work together.

“This is not a decision I came to lightly,” French Gates wrote in her statement posted on X platform on Monday, May 13, 2024.

 

“I am immensely proud of the foundation that Bill and I built together and of the extraordinary work it is doing to address inequities worldwide.”

She praised the foundation’s CEO, Mark Suzman, and the foundation’s board of trustees, which was significantly expanded after the couple announced their divorce in May 2021.

 

“The time is right for me to move forward into the next chapter of my philanthropy,”

She organises some of her investments and philanthropic gifts through her organisation, Pivotal Ventures, which is not a nonprofit.

 

Bill Gates thanked French Gates for her “critical” contributions to the foundations in a statement, saying, “I am sorry to see her leave, but I am sure she will have a huge impact in her future philanthropic work.”

French Gates will receive $12.5 billion as part of her agreement with Gates, which she said would commit to future work focused on women and families.

 

The Gates Foundation holds $75.2 billion in its endowment as of December 2023, and announced in January, it planned to spend $8.6 billion through the course of its work in 2024.

You may be interested

What’s Causing Ethereum (ETH) Price Drop Today?
Lifestyle
0 shares11 views

What’s Causing Ethereum (ETH) Price Drop Today?

gisthub - Mar 28, 2025

Ether (ETH) dropped by over 5% in the last 24 hours, reaching around $1,900 on March 28. This decline reflects broader bearish sentiment…

LeBron James Takes Blame For Lakers’ Epic Collapse Against The Bulls
Sport
0 shares11 views

LeBron James Takes Blame For Lakers’ Epic Collapse Against The Bulls

gisthub - Mar 28, 2025

Just one day after LeBron James' buzzer-beater helped the Lakers beat the Pacers, they experienced a dramatic collapse on Thursday night—losing a 16-point…

Israeli Airstrike In Gaza Kills Hamas Spokesman
Uncategorized
0 shares15 views

Israeli Airstrike In Gaza Kills Hamas Spokesman

gisthub - Mar 28, 2025

Palestinian militant group Hamas stated that an Israeli air strike on Thursday killed one of its spokesmen, Abdul Latif al-Qanou, in northern Gaza.…

Leave a Comment

Your email address will not be published.

Most from this category