The way Melinda French Gates plans to give her luck
Gates France Melinda will further give her wealth through philanthropy apart from $ 50 billion Gates Foundation. Gates France, 57, intends to spread his wealth in philanthropic efforts, rather than promised to give the most of the Gates Foundation, Dow Jones reported, quoting people who are familiar with this problem.
He and Bill Gates, 66, described their individual plans to donate their destiny in the letters posted online in November, almost seven months after announcing their divorce. Gates France has built its own philanthropic investment company Ventures Pivotal, which began in 2015 with a focus on the implementation of “innovative solutions for problems affecting US women and family.”
He was worth $ 11.4 billion, according to the Bloomberg billionaire index. Gates has fourth highest net worth in the world, for $ 130 billion.
A spokesman for the gate foundation declined to comment. The message to representatives of Ventura Pivotal is not immediately returned.
Press releases last week announced the addition of new board members to the Gates Foundation initially said that the gate, French gate and Warren Buffett had promised “to devote most of their resources to the foundation.” Then corrected, the language was removed and changed to “expectations of future promises.”
Gates and Gates France rocked the control of their Seattle-based foundation to strengthen its governance after divorce of the partner, added four people to the Board and added that there may be as many as nine members in the future. Talks “are ongoing to add early slate to improve cross-gender representation, geography and expertise.”
If a former couple cannot work together, Gates France will withdraw from the foundation in two years, they agree last year. If he departs, the French Gates will receive money from the gate for his philanthropic work other than the foundation endowmen.
But so far, most of the ex-couple’s money will still be on the foundation. Since their divisions, they jointly announced $ 2.1 billion for gender equality, $ 900 million for nutrition and $ 150 million for the coalition for the innovation of epidemic preparedness.
The couple initially wrote a letter as a partner in 2010 to provide promises, promises to give the majority of their money for life or their will.
“As part of this promise, I am committed to doing more than writing checks,” Gates France in his updated letter in November. “I also commit time, energy, and efforts for the work of fighting poverty and advancing equality – for women and girls and other marginalized groups – in the United States and throughout the world. My grassion will continue to focus on those who are obstacles The highest equality. “
Gates France, through Pivotal, also worked with Mackenzie Scott, which has become one of the largest generators in history in a matter of months after the 2019 divorce from Jeff Bezos. Scott is the 26th richest person in the world with a wealth of $ 50.9 billion, according to the Bloomberg Billionaires index.
With equality they could not wait for challenges, Gates Scott and France, along with Charles and Lynn Schusterman’s family philanthropy, giving $ 40 million in 2021 to support gender equality.
