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Exclusive: Bill Gates Reveals The Bill & Melinda Gates Foundation Aims To Run For Another 25 Years


In wide debate in 2022 Forbes 400 Philanthropy Summit, Gates spoke about his plans to give billions of dollars to the foundation in the coming years and how he is optimistic about global efforts to eliminate disease and reduce carbon emissions.


Bill Gates sets a timeline for the Bill & Melinda Gates Foundation, which he co-chairs with his ex-wife, billionaire Melinda French Gates. Speaking in 2022 Forbes 400 Philanthropy Summit, Microsoft founder-turned-philanthropist has announced the foundation’s plans to wind down in 25 years.

“The goal of the foundation is to last another 25 years,” Gates said in a keynote conversation with him. Forbes Content Manager Randall Lane. The goal over the next quarter century? “Try to bring in infectious diseases, or all the diseases that make the world unfair, to largely end these diseases, either by eliminating them or reducing them to very low levels.”

The announcement came just two months after Gates made a $20 billion gift to the foundation – one of the largest donations in the history of philanthropy, which Forbes Covered in an exclusive interview in July. He also committed to giving another $20 billion “at some point a few years from now” and to keep giving until he is dropped from the billionaire list.

In 25 years, Gates will be 91, while Melinda – if she’s still involved with the foundation by then – is 83. This means that it is up to the next generation of philanthropic billionaires to build on the foundation’s work.

Gates said, “That’s probably the period of time when Melinda and I will be able to help make sure she stays on the right track. We think spending all the money in that time frame makes sense. So we’re going to funnel more money over, we’re committed to upping the ante. spending.”

Gates, who predicted the outbreak in 2015 and became famous around the world for his views on Covid-19, said he still has no solution to misinformation and conspiracy theories. He even had people approach him on the street to yell at him, accusing him of tracking people with electronic chips.

“Polarization and mistrust are a problem,” he said. “One of the bestsellers last year was a book by Robert Kennedy, in which he says I love making money and killing millions of people with vaccines. [that] Sells well. “

Conspiracy theories about Covid seem to fade as the pandemic subsides: “I have a group that tracks what’s on the web talking about things that connect to me,” he said. During the pandemic, 95% of it was conspiracy theory stuff. He’s calming down now.”

But Gates remains concerned about domestic polarization in the United States, which he sees no hope of in the short term. He said, “I admit that political polarization may put an end to everything, and we will have suspended elections and a civil war. I have no experience with that, I will not transfer my money to it because I do not know how to spend it.”

However, he is open to ideas: “People are looking for simple solutions [and] The truth is kinda boring sometimes. Anyone with good innovations in reducing polarization, and getting the truth to be as interesting as crazy stuff, is well worth the investment.”

Gates expects the foundation to remain focused squarely on health care and disease eradication, even if he is asked to move into other areas of philanthropy. He said, “We have a great team of people and we’re not really adding new reasons. People thought, ‘Oh, well now you should do all these other things.'” “No, we’re going to do what we’re doing with more depth, more malaria, HIV, measles, eradicating polio.”

Polio has seen a resurgence in several countries this year with the revelations of sewage, with one polio case in upstate New York prompting Governor Cathy Hochhol to declare a state of emergency earlier this month. Despite these setbacks, Gates hopes to eradicate the disease within the next three or four years.

He also spoke about the foundation’s work on gene therapy to treat sickle cell disease — which affects nearly 100,000 Americans — with a single $2,000 dose. Using the same technology, the foundation plans a similar treatment for HIV, which Gates expects to take up to a decade to develop. Altogether, the foundation has committed approximately $600 million to these efforts.

One lingering question about the foundation’s future is the relationship between Gates and his ex-wife, Melinda, who co-chairs the foundation. For now, Gates believes there’s no reason to worry: “We’ve been so transparent to the world that there’s little chance we won’t be able to work together,” he said. “I think that won’t happen.”

There is a contingency plan in case things go south. Gates said, “We talked about what would happen if that was the case. As the past few years have gone by, there has been no controversy and tension about the institution. We have created a new group of trustees that we have brought in. Governance has gone through a transition and seems to be very smooth.”

Despite the US’s failure to tackle Covid-19 and slow progress in addressing the global climate crisis – as well as the possibility of another pandemic in the next two decades – Gates still has an optimistic view of the world. “The pessimism shows a lack of perspective,” he said, pointing to a list of developments ranging from action to reduce malnutrition and obesity to HIV vaccines and a push for “green cement” to reduce industrial carbon emissions.

For Gates, more attention focused on the crises the world faces means more people care about them and try to solve them. He concluded by asking a simple question to the audience: “Would you rather be alive 20 years from now than 100 years?”


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