Bill Gates tells his foundation to spend it all by 2045

The Gates Foundation today received a kind of death penalty.

Microsoft co -founder turned billionaire filantrope Bill Gates today that his foundation will have Only 20 years to exhaust their cash registers and lower surgery. He committed to donate 99% of his wealth to the Foundation, which is worth around $ 107 billion today. Over the next 20 years, the donation expects the Foundation to spend more than $ 200 billion.

“This decision comes at the moment of thinking for me,” Gates wrote on his website, Notes Notes. “In addition to celebrating the 25th anniversary of the Foundation, this year marks several other turning points: it would be the year when my father, who helped me to start the Foundation, was 100 years old; Microsoft turned 50; in October I am 70 years old.”

The total donation of Gates is expected to be the second greatest philanthropic gift in the history of the US, adapted to inflation. Warren Buffett is expected, whose net wealth is estimated at $ 160 billion, will be the largest.

Previously, the Gates Foundation was focused on closing 20 years after Gates’ death. It seems that the 69-year-old Microsoft is the founder of good health, so this indicates a significant shift in the foundation lane.

The 25-year-old Gates Foundation has already spent more than $ 100 billion on a number of causes focused mainly on health, education, global development and gender equality.

Many Gates Foundations have been people in low -income countries with endemic and often deadly diseases like malaria.

News comes that Trump’s administration has moved Side side help. USAID, one of the agencies hit by Trump’s reduction, has governed more than $ 35 billion in approval of Congress per year. The Gates Foundation said he was expecting to spend about $ 9 billion a year until 2045.