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Melinda Gates Steps Down From Bill And Melinda Gates Foundation


Melinda Gates speaking to staff at the UK's Department for International Development, London, 18 October 2010

Melinda Gates has officially stepped down from the Bill and Melinda Gates Foundation.

In a statement posted on her official Instagram account, Melinda Gates wrote, “This is not a decision I came to lightly.”

She added, “I am immensely proud of the foundation that Bill and I built together and of the extraordinary work it is doing to address inequities around the world.”

Bill Gates wrote in a separate statement, “I am sorry to see Melinda leave, but I am sure she will have a huge impact on her future philanthropic work.”

The move by Melinda comes three years after she announced she was separating from Bill.

 

Here’s what NBC News reported:

Melinda French Gates is stepping down from the Bill and Melinda Gates Foundation, three years after announcing her separation from Microsoft co-founder Bill Gates.

In a statement posted on her Instagram account, she said that as part of her agreement to step down from the foundation, she will retain $12.5 billion that she plans to put toward her ongoing work supporting women and families.

“This is not a decision I came to lightly,” French Gates wrote. “I am immensely proud of the foundation that Bill and I built together and of the extraordinary work it is doing to address inequities around the world.”

In a separate statement, Bill Gates said, “I am sorry to see Melinda leave, but I am sure she will have a huge impact in her future philanthropic work.”

Now worth $75.2 billion, the Gates Foundation has over the course of its three-decade lifespan made $77.6 billion worth of grant payments, making it one of the largest donor organizations in the world, with a focus on health and developmental goals. It is one of the largest contributors to the World Health Organization, and played a key role in efforts to address the Covid pandemic.

Per BBC:

Billionaire philanthropist Melinda French Gates has said she will resign as a co-chair of the Bill & Melinda Gates Foundation.

“This is not a decision I came to lightly,” Ms Gates wrote in a statement posted to X on Monday.
Her last day of work will be 7 June.

Ms Gates started the foundation – the largest private body of its kind – in 2000 with her then-husband Bill Gates, the Microsoft co-founder.

In 2021, after 27 years of marriage, the pair announced their separation, but pledged to carry on with their joint philanthropic work. At the time of their split, the former couple said they would remain co-chairs and trustees of the organisation and that no changes to the foundation’s structure were expected.

The Gates Foundation is among the most powerful groups in public health, with an endowment of more than $75bn (£59.7bn) as of December. It spends billions of dollars every year on initiatives aimed at eradicating infectious diseases, reducing poverty and combatting climate change.



 

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