New Delhi: The Gates Foundation said Melinda French Gates and Bill Gates, in the midst of high profile divorce, will continue to work as a chair together for a two-year trial period and after that time if the setting decomposes, he will do it resigned.
Contingency plan for one of the largest philanthropic foundations in the world announced by Chief Executive Officer Mark Suzman, a step that will ensure a successful transition for the foundation that has spent more than $ 50 billion in the past two decades to fight poverty and disease.
If Melinda resigns after two years, she will receive personal resources from the bill for its philanthropic work, which will be completely separate from the foundation endowment, the foundation said in a blog post on Wednesday.
Bill will then consider the Foundation’s full management, which is often called a partner as their “fourth child”.
Melinda and the bill might propose a divorce after 27 years of marriage, but promised to continue their philanthropic work together.
The foundation said the billionaires that controlled generous, Bill and Melinda, would contribute $ 15 billion, their biggest single contribution since 2000, so that the total endowment became around $ 65 billion.
It is also said that it will also expand the number of supervisors to oversee work and intend to complete the decision at the end of the year and announce new guardians in January 2022.
Established in 2000, the Bill & Melinda Gates Foundation has become one of the most strong and influential power in the health of the global public.
Last year’s foundation committed around $ 1.75 billion for Covid-19 assistance.
Wednesday’s announcement also came after Investor billionaire Buffett in June said he resigned as the guardian of the foundation, and has contributed half of his wealth to philanthropy since he promised 15 years ago to give Buffett’s luck Berkshaway buffett.
Why did he resign, but noted that he had submitted all directors outside of Berkshire, reducing the burden of his work.