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3w ago

Bill Gates Commits $200 Billion to Global Health, Closing Foundation by 2045

The Microsoft co-founder pledges 99% of his remaining fortune, accelerating the Gates Foundation’s work on maternal health, infectious diseases, and poverty reduction over the next 20 years.

Microsoft co-founder Bill Gates during a meeting with Indonesian President Prabowo Subianto at Merdeka Palace in Jakarta, Indonesia, Wednesday, May 7, 2025.
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FILE- Bill Gates speaks during the Clinton Global Initiative on Sept. 24, 2024, in New York. (AP Photo/Andres Kudacki, File)
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Overview

  • Bill Gates announced plans to donate nearly all of his $107 billion fortune to the Gates Foundation, ensuring an additional $200 billion in funding through 2045.
  • The foundation, which has already spent $100 billion since its inception, will focus on eradicating infectious diseases, reducing maternal and child mortality, and alleviating poverty.
  • The organization will officially close on December 31, 2045, marking a significant shift from its original plan to operate for decades after Gates’ death.
  • The foundation will maintain a $9 billion annual budget over the next 20 years, doubling its pace of philanthropic giving to address urgent global challenges.
  • Gates’ decision comes as global aid budgets face cuts, with the foundation aiming to fill critical gaps in health and development funding worldwide.