[ad_1]
The charitable foundation run by Bill Gates and Melinda French Gates is looking to shake up his government in the wake of the billionaire couple. filing for divorce, a few weeks later no such change was anticipated.
The Bill & Melinda Gates FoundationIt has distributed $ 55 billion since its launch in 2000 and is different from many other large philanthropies for not having an independent director.
Instead, it has been so led by three trustees: Gates, Gates of France and Warren Buffett, chair of the Berkshire Hathaway in 2006 pledged to leave most of their estimated $ 110 billion in funding to the foundation.
“I am actively discussing with Bill and Melinda that they and Warren can do the same for the long-term sustainability and stability that the co-chairs are divorced from,” said Mark Suzman, the foundation’s CEO after Wall Street. Magazine first reported French Gates pushed for changes in governance.
When the couple announced in early May that the marriage was described in the divorce archives as “irreparably broken,” the foundation stressed that “no change is anticipated in their roles or organization.”
Suzman’s statement did not provide any explanation for the change in thinking about the governance of the foundation or to determine what its governance might look like in the future.
“No decision has been made,” he said. “Bill and Melinda have reaffirmed their commitment to the foundation and continue to work together for our mission. These discussions form prudent planning for the future.”
The pending divorce has given the largest private charitable foundation in the world a question mark, employs 1,600 people and distributes more than $ 5 billion a year, largely to projects around the world and development.
Most of the $ 124 billion estimated by Gates as a co-founder of the Microsoft software group has not yet been committed to the foundation, and the divorce has added that the remaining $ 10 billion could be spent on venture capital and philanthropy. himself and the French Gates vehicles operate separately.
In one conversation Before filing for divorce with the Financial Times, Gates of France said the couple kept personal disputes separate from the foundation’s decisions.
“Don’t we agree? Sometimes, of course, we do. But what about us. . . it was a commitment made to the foundation many years ago that we would have these disagreements outside the foundation, that we would practice and come to the foundations with a single voice as leaders, ”he said.
[ad_2]
Source link
