Melinda French Gates Resigns From Gates Foundation, to Receive $12.5bn

Melinda French Gates co founder of the Bill and Melinda Gates foundation, on Monday, announced her resignation from the organization.

In a post via her X handle, French gates disclosed that her last day of work at the foundation will be June 7, 2024.

According to her by leaving the foundation she will be getting an additional $12.5 billion to commit to her work.

She wrote, “After careful thought and reflection, I have decided to resign from my role as co-chair of the Bill & Melinda Gates Foundation. My last day of work at the foundation will be June 7th.

“This is not a decision I came to lightly. I am immensely proud of the foundation that Bill and I built together and of the extraordinary work it is doing to address inequities around the world. I care deeply about the foundation team, our partners around the world and everyone who is touched by its work.

“I am taking this step with full confidence that the foundation is in strong shape, with its extremely capable CEO Mark Suzman, the Executive Leadership Team, and an experienced board of trustees in place to ensure all its important work continues. The time is right for me to move forward into the next chapter of my philanthropy.

“This is a critical moment for women and girls in the U.S. and around the world -and those fighting to protect and advance equality are in urgent need of support. Under the terms of my agreement with Bill, in leaving the foundation, I will have an additional $12.5 billion to commit to my work on behalf of women and families. I’ll be sharing more about what that will look like in the near future.”

This may not be unconnected to her divorce in 2021 after 27 years of marriage.

The Bill & Melinda Gates Foundation was established in 2000 through the merger of the two Gates foundations.

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