Bill Gates to wind down his massive foundation
Philanthropist Bill Gates announced that he will wind down his massive charity in 20 years, doubling spending over that time to accelerate the work it hopes to achieve.
Philanthropist Bill Gates announced Thursday that he will wind down his massive charity in 20 years, doubling spending over that time to accelerate the work it hopes to achieve.
Gates made the announcement on the 25th anniversary of the launch of the Gates Foundation, the third largest player in international philanthropy. He said the foundation would spend $200 billion between now and 2045, when its operations will wind down. The charity has spent more than $100 billion since its inception — on issues including global health, development, gender equity, and other work.
