Billionaire Bill Gates announced on Thursday that his charitable foundation will significantly increase its spending over the next 20 years.
In a blog post, the Microsoft co-founder shared that the Gates Foundation plans to distribute nearly all of his wealth before it wraps up operations in December 2045. After having contributed over $100 billion in the last quarter-century, the foundation aims to spend about $200 billion to “save and improve lives worldwide.”
“This announcement probably marks the beginning of the last chapter of my career. I’m okay with that,” Gates mentioned.
The foundation is set to support health programs aimed at eliminating malaria and other diseases, with Gates expressing hope that “the next generation will grow up in a world free of deadly infectious diseases.” Additional focuses include education, “digital public infrastructure,” and the “new use of artificial intelligence.” The blog post didn’t specify any particular fundraising efforts as part of this initiative.
The Gates Foundation did not respond promptly to inquiries from the Daily Caller News Foundation.
The foundation has also invested tens of millions of dollars in various liberal causes, including initiatives related to abortion and tackling misinformation. They contributed $3.4 million to a nonprofit that has reported on their collaboration with the “Billionaire Family and More than Billionaire” coalition concerning former President Donald Trump’s tax policies. Moreover, it has been funding the left-leaning Texas Tribune.
Internationally, the foundation has provided millions in grants to entities associated with the Communist Party of China for public health projects. In the realm of misinformation, it has worked with London-based researchers on projects aimed at moderating conservative perspectives.
Gates expressed pride in the achievements of the foundation over its first 25 years.
On education, he emphasized the importance of ensuring public schools progress, particularly those serving black and Latino students and those from low-income families.
He stressed the necessity of supporting all job sectors, including health, agriculture, and education, with an emphasis on gender equality. Notably, he remarked that half of the world’s smallholder farmers are women who benefit substantially from education, healthcare, and financial services.
Gates also pointed out that “the system often leaves women behind.”
He underscored that the success of his 20-year plan depends on convincing the U.S., European nations, and others to contribute taxpayer funds.
“Without a partnership from the government, there will be no progress,” he stated.
