Gates Foundation Plans $200B Spending Over 20 Years on Global Health, Poverty

On the occasion of its 25th anniversary, the Gates Foundation announced it will accelerate its mission by committing to spend $200 billion over the next 20 years, representing the largest philanthropic commitment in modern history. This decision moves up the foundation's sunset date to 2045, with the accelerated timeline approved by its board, reflecting Bill Gates' intention to give away his wealth faster to address urgent global challenges. The foundation aims to focus on three primary goals: ending preventable deaths of mothers and babies, ensuring children grow up free from deadly infectious diseases, and lifting millions out of poverty. Bill Gates emphasized that holding onto resources is no longer viable given the pressing problems worldwide and pledged to give away virtually all his fortune through the foundation during this period. Despite this increase in philanthropy, Gates acknowledged that philanthropic efforts alone cannot compensate for the significant foreign aid cuts by wealthy nations. The foundation's strategies remain unchanged, but it plans to double down on key investments and partnerships to maximize impact within the shortened timeline.