💰 Gates Foundation will spend $200 billion on charity over the next 20 years
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BillGateshasdecidedtodonatevirtuallyhisentirefortunethroughtheGatesFoundationoverthenext20yearstosaveandimprovelivesglobally.Duringthefoundation’sfirst25years,over100billiondollarsweredonated,andGatesplanstodoublethisamounttomorethan200billiondollarsby2045.Thefoundationwillfocusonthreemaingoals:stoppingpreventabledeathsamongmothersandchildren,eradicatingdeadlyinfectiousdiseases,andhelpinghundredsofmillionsofpeopleescapepoverty.Inanewannouncement,BillGateshasstatedthathewilldonatevirtuallyhisentirefortunethroughtheGatesFoundationoverthenext20years,withadeadlineofDecember31,2045,whenthefoundationwillpermanentlycloseitsdoors.
Thisisachangefromtheoriginalplan,wherethefoundationwouldceaseseveraldecadesafterthedeathsofGatesandhisex-wifeMelinda.Afterinputfromtheboard,Gatesnowbelievesthefoundation’sgoalscanbeachievedinashortertimeframe.
DoubleddonationoverthecomingtwodecadesDuringtheGatesFoundation’sfirs