Bill Gates tells his foundation to spend it all by 2045

The Gates Foundation has received a kind of death sentence today.

Microsoft has become co-founder of Microsoft Billionaire Social Worker Bill Gates says today that it will have the foundation Just 20 years Its cuffs to drain the coffs and make the operations down. He promised to donate 99% of his fate, which is approximately $ 107 billion today, in the foundation. For more than 20 years of donation, he hopes that the Foundation will spend more than $ 200 billion.

Gates wrote on his website Gates Note, “This decision comes to me at the moment of reflection.” “In addition to celebrating the 25th anniversary of the Foundation, this year has identified a number of more milestones: it was my father, who helped me start the foundation, helped me become 100 years old; Microsoft is 50 years old; and I am 70 years old in October.”

The total Gates grants in US history are expected to be the second largest philanthropic gift in the US history. Warren Buffett, whose net assets have been estimated $ 160 billion, is expected to be the largest.

Previously, the Gates Foundation was instructed to close 20 years after the death of Gates. The founder of 69 -year -old Microsoft seems to be in good health, so it identifies a significant change in the Foundation timeline.

The 25 -year -old Gates Foundation has already spent more than $ 100 billion for various reasons centered around health, education, global development and gender equality.

Many beneficiaries of the Gates Foundation were in small-income countries, including local and frequently deadly diseases like malaria.

The news has arrived as soon as the Trump administration has gone Slash of foreign aidThe One of Trump’s cutting companies was a USAID annual allotment of more than $ 35 billion of congressional. The Gates Foundation says it is expected that it will spend about $ 9 billion per year by 2045.