09-05-2025

Gates Foundation to Spend Down by 2045

Date: 09-05-2025
Sources: bbc.com: 1 | cbsnews.com: 2
Image for cluster 3
Image Prompt:

A hopeful, global scene showing a diverse team of health workers and educators in a sunlit rural clinic and classroom, mothers with newborns receiving care, children getting vaccinations, and nets hung to prevent malaria; maps and charts hinting at eradication goals for malaria, measles, and polio; clean water taps and schoolbooks symbolizing poverty reduction and education; community leaders collaborating with researchers, emphasizing local engagement, innovation, and partnership; warm, inspirational lighting suggesting a large philanthropic investment accelerating progress toward healthier futures by 2045.

Summary

Bill Gates announced he will give away 99% of his wealth and wind down the Gates Foundation by 2045, accelerating roughly $200 billion in spending to save tens of millions of lives through global health, poverty reduction, and education. The foundation will prioritize reducing maternal and child mortality, eradicating infectious diseases like malaria, measles, and polio, and expanding opportunities in lower-income countries, while emphasizing local engagement and culturally informed solutions. Both Bill Gates and Melinda French Gates underscored urgency over perpetuity, arguing philanthropy should complement—not replace—government aid, and warning that recent U.S. and European foreign-aid cuts risk reversing hard-won progress. Despite criticisms of philanthropic influence and tax advantages, they expressed optimism about innovation pipelines and increased leadership from affected countries, aiming for a lasting legacy beyond the foundation’s closure.

Key Points

  • Bill Gates pledges to give away 99% of his wealth and close the Gates Foundation by 2045.
  • About $200 billion will be accelerated into global health, poverty reduction, and education.
  • Priorities include reducing maternal/child deaths and eradicating diseases like malaria, measles, and polio.
  • Gates and French Gates warn that foreign-aid cuts could increase child mortality and stall progress.
  • They stress local engagement, innovation, and government partnership to sustain long-term impact.

Articles in this Cluster

Bill Gates says he will give away most of his fortune by 2045British Broadcasting CorporationBritish Broadcasting Corporation

Bill Gates says he will give away 99% of his wealth and wind down the Gates Foundation by 2045, accelerating spending to about $200bn more over the next two decades on global health and poverty. Citing Andrew Carnegie’s “Gospel of Wealth,” Gates said he wants to avoid “dying rich” and emphasized urgency over perpetuity, noting others can address future challenges. With a current net worth around $108bn, he would still remain a billionaire after the pledge. The foundation’s priorities include reducing maternal/child deaths, eradicating infectious diseases like malaria and measles, and lifting hundreds of millions from poverty. Gates criticized US, UK, and France for cutting foreign aid and rebuked Elon Musk over US aid reductions linked to the Department of Government Efficiency, arguing such cuts will cost children’s lives. Critics say the foundation’s influence is outsized and tax-advantaged.
Entities: Bill Gates, Bill & Melinda Gates Foundation, Andrew Carnegie, Gospel of Wealth, Elon MuskTone: analyticalSentiment: neutralIntent: inform

Bill Gates explains why he's giving away virtually all of his wealth by 2045 in "CBS Mornings" interview - CBS News

Bill Gates says he will give away virtually all his wealth—about $200 billion—through the Gates Foundation by 2045, reducing his net worth by 99%. The foundation, now set to close in 2045, will accelerate spending to save “tens of millions of lives,” focusing on preventing maternal and child deaths, eradicating infectious diseases, and boosting prosperity via education. Gates warns that cuts to U.S. and European foreign aid could reverse progress, potentially increasing under-5 child deaths from 5 million to over 6 million annually without restored funding. Framing this as the “last chapter” of his career, he emphasizes urgency and says he’ll advocate for sustained global health investments while acknowledging philanthropy can’t replace government aid.
Entities: Bill Gates, Bill & Melinda Gates Foundation, CBS Mornings, U.S. foreign aid, European foreign aidTone: analyticalSentiment: positiveIntent: inform

Melinda French Gates reflects on her work with foundation as Bill Gates announces 2045 closure - CBS News

Melinda French Gates reflected on her tenure at the Gates Foundation following Bill Gates’ announcement that the foundation will spend down and close by 2045. She emphasized their long-standing intent to give away their wealth and said the timeline was Bill’s decision with the board. French Gates highlighted her influence in launching the Giving Pledge and elevating gender equality across the foundation’s work, including expanding access to contraception. She explained the importance of local engagement, which informed decisions like opening more international offices to ensure solutions fit cultural and logistical realities. Despite global aid cuts, she remains optimistic about progress on polio and malaria, citing strong innovation pipelines, increased leadership from lower-income countries, and continued donor support. She hopes the foundation’s legacy will be lives improved long after it closes.
Entities: Melinda French Gates, Bill Gates, Gates Foundation, Giving Pledge, gender equalityTone: analyticalSentiment: positiveIntent: inform