Gates Foundation commits $200 billion in philanthropic spending, looks to close by 2045

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Gates Foundation commits $200 billion in philanthropic spending, looks to close by 2045

The Gates Foundation has pledged $200 billion in spending over the next 20 years toward its mission of helping people live “healthy, productive lives,” a campaign the organization described as the largest philanthropic commitment in modern history.The expedited timeline, enabled by a charter adjustment okayed by the board of directors, aims to ultimately close the foundation, founded in 2000 by Bill and Melinda Gates.“There are too many urgent problems to solve for me to hold onto resources that could be used to help people,” chair Bill Gates wrote in his foundation newsletter. “That is why I have decided to give ..