Bill Gates Plans To Give Away His Wealth, Shutter Foundation Over Next 20 Years

Bill Gates, once the richest man in the world, vowed to give away “virtually all” of his wealth through the Gates Foundation over the next two decades. Then, the foundation will close its doors on Dec. 31, 2045. […] Gates wrote in a Thursday Gates Notes essay that the original plan was to sunset the foundation several decades after he and his then-wife died. Now, Gates believes that a “shorter timeline” is feasible.

Gates pledged three “key aspirations” to guide the foundation’s funding over the next two decades, which center on promoting child and maternal health and fighting infectious diseases and poverty. He emphasized that progress is not possible without government cooperation, as the U.S. and other nations slash their foreign aid budgets. “The reality is, we will not eradicate polio without funding from the United States,” Gates wrote. It’s unclear whether the world’s richest countries will continue to stand up for its poorest people,” Gates wrote. He added, “But the one thing we can guarantee is that, in all of our work, the Gates Foundation will support efforts to help people and countries pull themselves out of poverty.”