Melinda French Gates and Bill Gates recently announced their divorce plans, but questions about how the Bill and Melinda Gates Foundation co-chairs will continue to work together have been largely unanswered. Now the Foundation’s new statement has provided clarity. New York Times). The foundation says Melinda French Gates will step down from her post as co-chair and director if she or Bill Gates decides they can’t work together after two years. It is not clear how the organization settled in that period.
Mark Suzman, CEO of the Bill and Melinda Gates Foundation, announced a two-year post-divorce trial with a promise that Melinda and Bill will invest an additional $15 billion into the foundation’s efforts to fight poverty, disease and inequality. Suzman also wrote that the co-chairs decided to increase the number of directors of the charitable foundation.
Additional Trustees provide new perspectives, guide resource allocation and strategic direction, and ensure the stability and sustainability of the Foundation.
According to the statement, Melinda and Bill are “fully committed to continuing to work together constructively at the foundation”, but suggests that if Melinda resigns two years later, Suzman will continue to donate under their own brand.
Melinda received personal resources from Bill for her own philanthropy. These resources are completely separate and unaffected by the Foundation’s donations.
The amount of such resources is unknown, but given Melinda’s substantial personal wealth, her philanthropy may not be significantly hampered either way.
Melinda and Bill resigned from Microsoft long ago, but they continue to make a huge impact on the world through the work of the Foundation (billionaires help too). The Bill and Melinda Gates Foundation recently donated $250 million to develop vaccines and other treatments for 2020, focusing efforts on fighting the COVID-19 pandemic. Last month, the foundation donated $2.1 billion to empower women economically over the next five years. , health and leadership.