Melinda French Gates is leaving the charitable foundation she co-founded with former spouse Bill Gates more than 20 years ago and will get $12.5 billion for her own work to uplift women and families, she said on Monday.
The billionaire benefactors parted ways in 2021 after 27 years of marriage but had pledged to continue their philanthropic work together. Their final divorce order filed in a Seattle court had no details on an agreement reached between the two on how to divide their marital assets."Under the terms of my agreement with Bill, in leaving the foundation, I will have an additional $12.
and around the world, she wants to use this next chapter to focus specifically on altering that trajectory," Suzman said.The foundation is one of the most powerful and influential forces in global public health, having spent more than $75 billion since its inception to bring a business approach to combating poverty and disease.From 1994 through 2018, Bill and Melinda gifted about $59.5 billion to the Seattle-based foundation, its website said.Her last day at the foundation will be June 7.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Melinda Gates to exit Gates Foundation with $12.5 billion for own charity work'Under the terms of my agreement with Bill, in leaving the foundation, I will have an additional $12.5 billion to commit to my work on behalf of women and families,' Melinda Gates says on X, without disclosing more details about her plans
Read more »
Melinda Gates to leave Gates FoundationLOS ANGELES, California – Philanthropist Melinda French Gates announced on Monday she was leaving the nonprofit foundation she established with her ex-husband Bill Gates an organization that has become one of the most influential in the world.
Read more »
Cebu Pacific set to finalize $12-b aircraft deal in Q2Defining the News
Read more »
Global health heavyweights team up for climate, disease fundingThe Novo Nordisk Foundation, Wellcome, and the Bill & Melinda Gates Foundation announce the research partnership, focused particularly on finding affordable solutions for people in low and middle-income countries
Read more »
Cebu Pacific eyes deal for new aircraft worth $12BBUDGET carrier Cebu Pacific expects to finalize a deal for 100 to 150 new narrow-bodied jets worth more than $12 billion within the current quarter, a senior official said.
Read more »
'Kiping' mothers of Lucban receive free med exams from GMA Kapuso FoundationAhead of the Pahiyas Festival, “kiping” makers in Lucban, Quezon received free breast examinations, pap smears and Human papillomavirus (HPV) screenings from the GMA Kapuso Foundation.
Read more »