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The Gates Foundation receive a death sentence of sorts today .
Microsoft carbon monoxide - founder turned billionaire philanthropist Bill Gates said Thursday that his foundation will havejust 20 yearsto exhaust its coffers and wind down cognitive process . He has pledged to donate 99 % of his fortune , which today is deserving an estimate $ 107 billion , to the cornerstone . Over the next 20 year of donations , he expects the foundation to spend more than $ 200 billion .
“ This decision comes at a moment of reflexion for me , ” Gates wrote on his website , Gates Notes . “ In addition to keep the understructure ’s 25th anniversary , this year also marks several other milestones : It would have been the year my dad , who aid me pop the fundament , wrick 100 ; Microsoft is turning 50 ; and I turn 70 in October . ”
The total of Gates ’ contribution is expected to be the secondly - large philanthropic gift in U.S. chronicle , aline for inflation . Warren Buffett , whose net wealthiness is calculate at $ 160 billion , is anticipate to be the largest .
Previously , the Gates Foundation was head to shut down 20 years after Gates ’ death . The 69 - year - old Microsoft founder come out to be in good health , so this marks a significant shift in the foundation ’s timeline .
The 25 - year - old Gates Foundation has already pass more than $ 100 billion on a stove of drive rivet mostly around health , education , global evolution , and gender equivalence .
Many of the Gates Foundation ’s beneficiaries have been the great unwashed in low - income commonwealth with endemic and oft deadly disease like malaria .
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The news get in as the Trump government activity has make a motion toslash foreign aid . USAID , one of the agency hit by Trump ’s cut , managed more than $ 35 billion of congressional appropriations per annum . The Gates Foundation order it expects to pass around $ 9 billion per year through 2045 .
