Gates Foundation to Spend $200 Billion, Shut Down by 2045 in Historic Philanthropic Move
Summary
In a groundbreaking philanthropic move, Bill Gates announced that the Gates Foundation will spend its entire $200 billion endowment by 2045 on global initiatives like health, education, and development, marking one of the largest charitable donations in U.S. history.
Key Points
- Bill Gates announced that his foundation will spend all its funds and wind down operations by 2045.
- The Gates Foundation is expected to spend over $200 billion in the next 20 years on causes like health, education, and global development.
- Gates' donation is anticipated to be the second-largest philanthropic gift in U.S. history, after Warren Buffett's.