Melinda French Gates

  • 14 May 2024

On 13th May 2024, Melinda French Gates, co-founder of the Bill & Melinda Gates Foundation, revealed her decision to step down from her position, expressing pride in the foundation's work and her commitment to advancing philanthropy in a new direction.

  • The foundation will undergo a name change to the Gates Foundation, and French Gates will receive $12.5 billion as part of her agreement with Mr. Gates, focusing on women and families in her future work.
  • The Gates Foundation is a major supporter of global health initiatives, education policy, and research, with a significant focus on addressing poverty and gender equity.
  • French Gates' departure raises questions about power distribution within the foundation and its impact on philanthropic decision-making.
  • Suzman highlighted French Gates' advocacy for gender equity and expressed appreciation for her contributions to the foundation's mission.
  • The Gates Foundation holds a substantial endowment of $75.2 billion and plans to allocate $8.6 billion for its work in 2024.