$ 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
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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