Epstein Proposes Gates-Backed Donor-Advised Fund to Pool Philanthropic Capital
During their meetings, Jeffrey Epstein proposed establishing a Gates Foundation-backed donor-advised fund he claimed could attract billions of dollars in charitable contributions from ultra-high-net-worth individuals. Gates and his advisers considered the proposal but it was never implemented. Reporting later revealed Epstein used claims of a close relationship with Gates to impress other potential clients and associates, inflating the nature of their actual connection.
Source: https://www.nytimes.com/2019/10/12/business/jeffrey-epstein-bill-gates.html
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February 2026
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In February 2026, Bill Gates addressed Gates Foundation staff at an all-hands town hall meeting, apologizing for the distraction and reputational harm caused by renewed coverage of his relationship with Jeffrey Epstein following the DOJ document release. According to attendees cited by Reuters and The Guardian, Gates stated he recognized his judgment had been 'badly mistaken' and that he understood why staff felt their work was being overshadowed. He committed to a third-party review of Foundation governance and said he would accept its recommendations.
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