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Taras Mishchenko Editor -in -chief Mezha.media. Taras has over 15 years of experience in IT journalism, writes about new technologies and gadgets.
In an open letter on the website of the Gates Foundation, he said that he did not want to “die rich”, as Andrew Carnegie wrote in the essay of 1889 “The Gospel of Wealth”. He set a new term of completion of the Fund’s activity – December 31, 2045, when the organization finally ceases to work.
“People will say a lot about me when I die, but I don’t want someone to say,” He died rich, “Gates wrote. “Too many urgent problems to keep resources that can help people.”
For 25 years, the Fund, which also received more than $ 30 billion from Warren Buffett, has spent more than $ 100 billion in health and development programs. Thanks to the support of the Fund, the Alliance of GAVI vaccines and the Global Fund has been created, which have already rescued more than 80 million lives. Thanks to their work in particular, efforts to eliminate polio and have developed a rotavirus vaccine, which reduced baby mortality from diarrhea by 75%.
Gates now plans to double these contributions: the total amount of expenses by 2045 will exceed $ 200 billion, including the balance of the Foundation’s endowment and the future donations of Gates himself.
“We can achieve the goals of the Fund much faster if we double the investment and provide reliable support for partners,” Gates said.
The Initial Charter of the Foundation envisaged its liquidation “decades after our deaths.” Now the marginal date will be December 31, 2045, when the Fund officially completes the activity.
“I am convinced that we will be able to achieve results faster and prepare the next generation for new challenges,” Gates explained.
He made the decision to accelerate the distribution of capital in the anniversary year: this year Microsoft turns 50 years old, Gates himself will reach his 70th anniversary.
Although the Foundation ceases to exist in 2045, Gates plans to continue investing in innovation in energy and research on Alzheimer’s disease through BreakthRough Energy Investment Fund and Terrapower. All profits from these projects will be reinvested to the fund before its liquidation.
The Bill and Melinda Gates Foundation will celebrate the 25th anniversary of this year, continuing to focus on maternal and children’s health, vaccines and poverty.
”, – WRITE: mezha.media
Taras Mishchenko Editor -in -chief Mezha.media. Taras has over 15 years of experience in IT journalism, writes about new technologies and gadgets.
In an open letter on the website of the Gates Foundation, he said that he did not want to “die rich”, as Andrew Carnegie wrote in the essay of 1889 “The Gospel of Wealth”. He set a new term of completion of the Fund’s activity – December 31, 2045, when the organization finally ceases to work.
“People will say a lot about me when I die, but I don’t want someone to say,” He died rich, “Gates wrote. “Too many urgent problems to keep resources that can help people.”
For 25 years, the Fund, which also received more than $ 30 billion from Warren Buffett, has spent more than $ 100 billion in health and development programs. Thanks to the support of the Fund, the Alliance of GAVI vaccines and the Global Fund has been created, which have already rescued more than 80 million lives. Thanks to their work in particular, efforts to eliminate polio and have developed a rotavirus vaccine, which reduced baby mortality from diarrhea by 75%.
Gates now plans to double these contributions: the total amount of expenses by 2045 will exceed $ 200 billion, including the balance of the Foundation’s endowment and the future donations of Gates himself.
“We can achieve the goals of the Fund much faster if we double the investment and provide reliable support for partners,” Gates said.
The Initial Charter of the Foundation envisaged its liquidation “decades after our deaths.” Now the marginal date will be December 31, 2045, when the Fund officially completes the activity.
“I am convinced that we will be able to achieve results faster and prepare the next generation for new challenges,” Gates explained.
He made the decision to accelerate the distribution of capital in the anniversary year: this year Microsoft turns 50 years old, Gates himself will reach his 70th anniversary.
Although the Foundation ceases to exist in 2045, Gates plans to continue investing in innovation in energy and research on Alzheimer’s disease through BreakthRough Energy Investment Fund and Terrapower. All profits from these projects will be reinvested to the fund before its liquidation.
The Bill and Melinda Gates Foundation will celebrate the 25th anniversary of this year, continuing to focus on maternal and children’s health, vaccines and poverty.