The European Union and the Bill & Melinda Gates Foundation have announced a new financing mechanism aimed at improving access to contraceptives and maternal health medicines for women in low- and middle-income countries. This initiative addresses a critical gap in funding for these essential health products, which could reach $1.5 billion by 2030.
Billionaire investor Warren Buffett has made significant changes to his estate plans, shifting his posthumous donations away from the Bill & Melinda Gates Foundation and towards a new charitable trust overseen by his children. This move marks a significant departure from his longstanding philanthropic commitments, while emphasizing his trust in his family’s philanthropic endeavors.
Billionaire investor Warren Buffett has announced he will no longer donate to the Bill & Melinda Gates Foundation after his death, opting instead to establish a new charity trust managed by his children. This decision comes after years of significant contributions to the foundation, totaling over $39 billion. Buffett maintains trust in his children’s philanthropic values and believes they will effectively manage his wealth for charitable purposes.
Melinda French Gates, co-founder of the Bill & Melinda Gates Foundation, has announced her resignation as co-chair. She will dedicate an additional $12.5 billion to her own philanthropic efforts, focusing on advancing women’s rights and empowering families.
Melinda French Gates, the former wife of Microsoft co-founder Bill Gates, announced on Monday that she is stepping down from her role as co-chair of the Bill and Melinda Gates Foundation. Melinda will receive $12.5 billion from her divorce settlement to use for her own charitable work. She remains devoted to the issues of women and girls’ empowerment globally.
The Bill & Melinda Gates Foundation, established in 2000, is a renowned philanthropic organization dedicated to combating poverty, disease, and inequality worldwide. After 27 years of marriage, Melinda and Bill Gates divorced in August 2021.
In his statement, Bill Gates expressed gratitude for Melinda’s contributions to the foundation and her dedication to improving global health and gender equality. He emphasized his commitment to the foundation’s mission and expressed confidence in the team’s ability to continue making strides under Mark Suzman’s leadership.
