Bill Gates gives $20 bln gift to his foundation to mitigate global suffering
2 years, 5 months ago

Bill Gates gives $20 bln gift to his foundation to mitigate global suffering

Live Mint  

Billionaire, Bill Gates on Wednesday announced a $20 billion gift to the endowment on Gates Notes. The Bill & Melinda Gates Foundation plans to increase its annual payout by 50% over pre-pandemic levels, to $9 billion annually by 2026. A statement on the Gates Foundation, said, the foundation’s board of trustees is fully aligned with the plan to increase the annual payout, which will enable the foundation’s partners to accelerate pandemic recovery and regain ground in existing focus areas. Bill's $20 billion gifts to the endowment on Gates Notes --- meets and exceeds his and Melinda French Gates’ joint commitment of $15 billion last summer -- and builds on Warren Buffett’s $3.1 billion annual gifts last month. “Despite huge global setbacks in the past few years, I see incredible heroism and sacrifice all over the world and I believe progress is possible,” said Bill Gates, co-chair.

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History of this topic

Warren Buffett donates $1.1 billion worth Berkshire Hathaway stock, outlines succession plan for $147 billion fortune
3 weeks, 6 days ago

Warren Buffett donates $1.1 billion worth Berkshire Hathaway stock, outlines succession plan for $147 billion fortune

Live Mint  

Billionaire investor Warren Buffett has donated over $1.1 billion worth of Berkshire Hathway stocks to four of his family's charities and foundations on November 25, according to an AP report. Succession Plan for Children The report noted that while Buffett has earlier said his three children would inherit his $147.4 billion fortune over a period of 10 years after his …

Bill Gates calls for more aid to go to Africa and for debt relief for burdened countries
3 months, 1 week ago

Bill Gates calls for more aid to go to Africa and for debt relief for burdened countries

Associated Press  

NEW YORK — The billionaire Microsoft co-founder and philanthropist Bill Gates thinks the richest governments should increase their support for African countries that have been overshadowed by development funding increasingly going toward the humanitarian response to the war in Ukraine as well as support for refugees around the world in recent years. I think we can give global health a …

Bill & Melinda Gates Foundation CEO calls for billionaires to give away more and soon
10 months, 4 weeks ago

Bill & Melinda Gates Foundation CEO calls for billionaires to give away more and soon

Associated Press  

The CEO of the Bill & Melinda Gates Foundation has a message: Hey billionaires, give away more of your money to address inequality and do it soon. Mark Suzman made the call in his annual letter released Thursday that led with the story of Chuck Feeney, a billionaire whose philanthropy inspired Warren Buffett, Bill Gates and Melinda French-Gates. In an …

The top charity donors of 2023
11 months, 3 weeks ago

The top charity donors of 2023

LA Times  

Warren Buffett, chairman and chief executive of Berkshire Hathaway, topped the Chronicle of Philanthropy’s annual list of the biggest charitable donations in 2023, with his $541.5-million gift to the Susan Thompson Buffett Foundation. The couple gave $500 million through their Simons Foundation to Stony Brook University in New York to support the university’s endowment and to boost scholarships, professorships, research …

Gates Foundation takes on poverty in the U.S. with $100 million commitment
1 year ago

Gates Foundation takes on poverty in the U.S. with $100 million commitment

Associated Press  

In recent years, city leaders in Grand Island, Nebraska, observed that many workers and students were walking or biking long distances to their jobs or schools. The Gates Foundation announced Thursday that it will donate $100 million to expand its work on economic mobility — a move that the country’s largest foundation says is a change in how it operates, …

Warren Buffet donates Berkshire Hathaway shares to children’s foundations at Thanksgiving
1 year, 1 month ago

Warren Buffet donates Berkshire Hathaway shares to children’s foundations at Thanksgiving

Associated Press  

“At Thanksgiving I have much to be thankful for,” Warren Buffet said in a statement Tuesday, announcing that he had gifted 2.4 million Class B shares of Berkshire Hathaway stock to charitable foundations run by his children. The gifts to The Susan Thompson Buffett Foundation, The Sherwood Foundation, The Howard G. Buffett Foundation and NoVo Foundation total approximately $876 million …

Most disaster giving goes to relief efforts, not rebuilding
1 year, 10 months ago

Most disaster giving goes to relief efforts, not rebuilding

Associated Press  

The COVID-19 pandemic greatly accelerated a long-running pattern in giving by foundations and charities for health and natural disasters, a new Chronicle analysis of nine years of data show. The review of data from the Center for Disaster Philanthropy and Candid, a research organization that tracks giving of all kinds, shows that the sums flowing to disasters aren’t always going …

Bill Gates made 2022's biggest charitable donation
1 year, 11 months ago

Bill Gates made 2022's biggest charitable donation

The Independent  

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Bill Gates made 2022’s biggest charitable donation: $5 billion
1 year, 11 months ago

Bill Gates made 2022’s biggest charitable donation: $5 billion

LA Times  

In 2022, Microsoft co-founder Bill Gates gave $5 billion to the Bill & Melinda Gates Foundation to back its work in global health, development, policy and advocacy and U.S. education. A $5-billion donation by Microsoft co-founder Bill Gates to the eponymous foundation he started with his ex-wife was the largest charitable gift of 2022, according to an annual ranking compiled …

Gates Foundation boosts GivingTuesday with $10M donation
2 years, 2 months ago

Gates Foundation boosts GivingTuesday with $10M donation

Associated Press  

NEW YORK — The Bill & Melinda Gates Foundation donated $10 million to the organization that grew out of the hashtag #GivingTuesday in part to fund a database of charitable giving and other acts of generosity. GivingTuesday, the organization, has helped people realize there is a lot they can give, said foundation co-founder Melinda French Gates in an interview. “Whether …

Gates Foundation boosts GivingTuesday with $10M donation
2 years, 2 months ago

Gates Foundation boosts GivingTuesday with $10M donation

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. GivingTuesday, the organization, has helped people realize there is …

Bill Gates: Technological innovation would help solve hunger
2 years, 3 months ago

Bill Gates: Technological innovation would help solve hunger

Associated Press  

NEW YORK — Bill Gates says the global hunger crisis is so immense that food aid cannot fully address the problem. He added, though, “I’m optimistic that we can get back on track.” Gates pointed to the war in Ukraine and the pandemic as the main causes for the worsening hunger crisis. “It’s good that people want to prevent their …

Bill Gates vows to drop off world’s rich list by giving money away - starting with $20bn donation
2 years, 5 months ago

Bill Gates vows to drop off world’s rich list by giving money away - starting with $20bn donation

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. “I will move down and eventually …

Bill Gates gives $20 billion to stem ‘significant suffering’
2 years, 5 months ago

Bill Gates gives $20 billion to stem ‘significant suffering’

Associated Press  

Bill Gates, concerned about the “significant suffering” caused by global setbacks including the COVID-19 pandemic, announced Wednesday that he will donate $20 billion to his foundation so it can increase its annual spending. “Despite huge global setbacks in the past few years, I see incredible heroism and sacrifice all over the world and I believe progress is possible,” Bill Gates, …

Bill Gates gives $20 billion to stem 'significant suffering'
2 years, 5 months ago

Bill Gates gives $20 billion to stem 'significant suffering'

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Despite huge global setbacks in the past few years, …

Gates, French Gates top list of biggest U.S. charity donors
2 years, 10 months ago

Gates, French Gates top list of biggest U.S. charity donors

Associated Press  

A handful of Americans donated at least $1 billion to charity last year, according to the Chronicle of Philanthropy’s annual ranking of the 50 Americans who gave the most to charity in 2021. But some philanthropy experts argue that the large gifts that earned many billionaires a spot on this year’s list aren’t as impressive when one considers that many …

$15B from Gates, French Gates tops 2021 biggest gift list
2 years, 11 months ago

$15B from Gates, French Gates tops 2021 biggest gift list

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The gift increased the grant …

EXPLAINED: How Jamsetji Tata Pipped Gates, Buffett To Top Of Charity List And Why Philanthropy Holds So Many Surprises
3 years, 5 months ago

EXPLAINED: How Jamsetji Tata Pipped Gates, Buffett To Top Of Charity List And Why Philanthropy Holds So Many Surprises

News 18  

With $100 billion you could buy about 240 Boeing 747s, which would easily give you the world’s largest fleet of the aircraft. Or like Jamsetji Tata, the founder of the Tatas’ business empire, you could give that money away in philanthropy to become known to posterity as the most generous giver in the world. While Jamsetji Tata passed away in …

Why Bill Gates' children won’t inherit billions
3 years, 7 months ago

Why Bill Gates' children won’t inherit billions

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. The Gates said that they would still work …

Amazon's Bezos tops list of richest charitable gifts in 2020
3 years, 11 months ago

Amazon's Bezos tops list of richest charitable gifts in 2020

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The world's richest person made …

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