$ cat ./records/gates-pledges-to-give-away-99-of-his-fortune-and-close-the-gates--2025.txt
Gates pledges to give away 99% of his fortune and close the Gates Foundation by 2045
[RECORD.TXT] · cat --full
In May 2025 Bill Gates announced he would give away virtually all of his wealth — about 99%, an estimated $200 billion in foundation spending over the period — and that the Gates Foundation would permanently close on December 31, 2045, two decades earlier than its previous open-ended timeline. Gates said the accelerated schedule was a response to urgent global problems that 'can't wait,' and framed the decision personally, saying he does not want people to say, 'He died rich.' The plan roughly doubles the Foundation's annual giving, toward around $9 billion a year. Since 2000 the Foundation has already directed more than $100 billion toward global health, poverty, and development.
Source: https://www.cnbc.com/2025/05/08/bill-gates-to-close-foundation-give-away-rest-of-wealth-by-2045.html
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Related Accomplishments
January 2026
Gates Foundation sets record $9 billion 2026 budget while cutting up to 500 jobs by 2030
In January 2026 the Gates Foundation approved a record annual payout of about $9 billion for the year while announcing it would reduce its workforce by up to roughly 500 positions — about 20% of its staff — by 2030, shifting money from operations into grants as it accelerates spending ahead of its planned 2045 closure. CEO Mark Suzman said the reductions would be gradual and reviewed annually rather than imposed in a single wave, and the board capped operating costs at no more than $1.25 billion, around 14% of the budget. The moves reflected the tension between scaling up philanthropic ambition and controlling overhead during the wind-down. The restructuring was among the most significant in the Foundation's history.
2026
Gates-funded World Mosquito Program cuts Colombia dengue by half — viral 'bacteria mosquito' claims debunked
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