TIWN
New Delhi, Feb 4 (TIWN) Melinda French Gates, co-founder of the Bill and Melinda Gates Foundation, will no longer be pledging the majority of her wealth to the philanthropic organization, The Guardian reported.
French Gates, 57, intends to spread her wealth across philanthropic endeavours, rather than pledging to give the bulk of it to the Gates Foundation, Dow Jones reported, citing people familiar with the matter. She and Bill Gates, 66, described their individual plans for donating their fortunes in letters posted online in November, almost seven months after announcing their divorce. French Gates has been building up her own philanthropic investment firm Pivotal Ventures, which was started in 2015 with a focus on implementing “innovative solutions to problems affecting U.S. women and families.”
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