Bill Gates and Melinda French Gates set a two-year trial period for working in collaboration with each other at their namesake Philanthropic foundation, the Bill and Melinda Gates Foundation. The ex-couple announced their divorce this year in May. Their latest decision specifying that should make the arrangement fail, Gates’s ex-wife would resign as co-chair and trustee and focus on her own charitable efforts with funding from Bill.
This expanded commitment to the foundation will accelerate its mission to fight poverty, disease, and inequity around the world. I’m grateful to the foundation’s leadership team, employees, and partners for their dedication to making the world healthier and more just. https://t.co/6fqy34HX6C
— Bill Gates (@BillGates) July 7, 2021
Furthermore, both foundation partners announced an additional fifteen billion dollars in funding from the couple. The Gates Foundation also said in the statement of the official website that they are going to add new trustees to bring new perspectives, help guide strategic direction, and resource allocation, and ensure the sustainability and stability of the foundation. The announcement also shared a plan if the ex-spouses decided not to work together.
Should French Gates decide to leave the Foundation?
French Gates would receive personal resources from Gill Gates for her charitable work. Additionally, these resources would be entirely different from the donation of the foundation, which would not affect. Questions about the foundation’s future, which contributed fifty-five billion dollars to causes globally since its foundation in 2000, swirled since the announcement of divorce after their twenty-seven years of marriage in May.
Bill, the founder of Microsoft, and Melinda, a businesswoman, and author announced to end their relationship in a joint statement on 3rd May. They wrote that they would continue their work together at the foundation but decided not to grow together as a married couple in the next phase of their lives. So, after their divorce, they continued their work with the foundation since the announcement. In the same way, they contributed individually with the other philanthropic endeavors.
Last week, the Bill Foundation vowed around $2.1 billion for the next five years to help gender equality globally during the United Nations Women Generation Equality Forum in Paris. At the forum, Melinda was a keynote speaker. Furthermore, the Gate Foundation announced that its CEO Mark Suzman and COO, Connie Collingsworth, will spend the coming months on developing recommendations with external and internal experts for several new trustees and the procedure to select them.
The foundation further said that as trustees, French Gates and Bill Gates would approve changes to the governance documents of the foundation by the 2021 end, and it will announce new trustees in January 2022.