Melinda won\`t donate most of wealth to Gates Foundation
Melinda French Gates is no longer pledging to donate most of her wealth to the charitable foundation she co-founded with her former husband and will instead disburse the funds among other philanthropies_ the Wall Street Journal reported.
The 57-year-old Texas-raised computer scientist made the change in late 2021 following her divorce last year from Microsoft Corp co-founder Bill Gates_ the newspaper said_ citing people familiar with the matter
The couple had pledged in 2010 to give the bulk of their fortune to the Bill & Melinda Gates Foundation_ which was founded in 2000 and spent $55 billion in its first two decades_ with a focus on combating poverty_ inequity and disease.
A foundation spokesperson declined to comment beyond what French Gates outlined in her latest Giving Pledge letter_ which she posted separately from Bill Gates.
"I recognise the absurdity of so much wealth being concentrated in the hands of one person_ and I believe the only responsible thing to do with a fortune this size is give it away - as thoughtfully and impactfully as possible_" she wrote.
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