Bill Gates wants to donate his assets of billion dollars faster than planned. “There are too many urgent problems that need to be solved,” said the co-founder of Microsoft. The Gates Foundation is expected to donate around 178 billion euros in the next 20 years.
The Gates Foundation, founded by Gates and his ex-wife Melinda 25 years ago, must now be closed at the end of 2045. The foundation, based in Seattle, said that the “mission to help everyone helps a healthy and productive life”. “This decision is an important acceleration of the work of the foundation.”
Gates: cannot stop resources
“There are too many urgent problems that have to be solved to stop resources with which I could help people,” said Gates. “That’s why I decided to bring my money back to society much faster than I had originally planned.”
Wants to donate almost whole assets
He will practically offer his entire assets about the Gates Foundation in the next 20 years – for the rescue and improvement of life around the world, Gates explained. “People will say a lot about me when I die, but I am determined that ‘he died richly’ will not be part of it.”
This decision comes for him at a time of thinking, Gates said. This year not only the 25th anniversary of the foundation is celebrated. It would also have been the year in which his father, who had helped with the foundation of the foundation, would have been 100 years old. Microsoft is also 50 and he himself 70 years old in October.
Donations must be doubled
In the first 25 years of the Gates Foundation, “also thanks to the generosity of Warren Buffett” – more than $ 100 billion were made available. The donations would be doubled in the next two decades. The amount depends on the markets and inflation. He expects the foundation to spend more than $ 200 billion from dollars according to Gates by 2045. On December 31, 2045, the foundation will close its gates forever.
New schedule confirmed
According to the information, the accelerated diagram was confirmed by the Board of the Foundation by changing the articles of association. This stipulated that the organization runs 20 years after the death of Gates. The promised funds therefore exceed the assets of the current foundation, whereby the remaining amount will come from the personal assets of Gates over time.
Source: Krone
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