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Melinda French Gates Resigns From the Gates Foundation With $12.5 Billion for Her Own Philanthropy
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On May 13, 2024, Melinda French Gates announced she would resign as co-chair of the foundation she had helped lead since 2000, effective June 7, 2024. Under an agreement with Bill Gates, she received $12.5 billion to direct toward her own philanthropy — chiefly women's and families' health and rights through her organization, Pivotal Ventures — saying she had 'a different vision' for the next chapter of her giving. Her departure followed the couple's 2021 divorce and the organization's renaming earlier in 2024 from the 'Bill & Melinda Gates Foundation' to simply the 'Gates Foundation,' leaving Bill Gates as sole chair of the world's largest private charitable foundation.
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Related Accomplishments
June 2026
Melinda French Gates commits an additional $215 million to women's health through Pivotal
Melinda French Gates announced in June 2026 that she would donate an additional $215 million through her organization Pivotal to focus on women's reproductive and midlife health, bringing her total support for women's health to about $600 million over two years. The commitment underscored French Gates's independent philanthropic path since stepping down from the Gates Foundation in 2024 and her focus on areas she has said are chronically underfunded. It came amid broader cuts to U.S. reproductive- and global-health funding.
January 2026
Bill Gates publishes the 2026 Gates Foundation Annual Letter, 'Reaching 2045'
Bill Gates published the 2026 Gates Foundation Annual Letter, titled 'Reaching 2045,' framing the next two decades as the Foundation spends down its endowment before closing in 2045. Gates wrote that his optimism now 'comes with footnotes,' questioning whether global generosity will keep pace with rising wealth and whether innovation will be scaled to reduce inequality. He pledged to spend much of 2026 advocating for child-health funding and set a goal of again halving child mortality in the global South by 2045, while voicing both excitement about AI for health and concern about managing its disruption.
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