On May 9th, Microsoft founder Bill Gates announced on the 8th that he will donate most of his personal wealth to the Gates Foundation and set a goal of charitable spending exceeding $200 billion before the foundation ceases operations by 2045 to support people in need around the world. Gates announced the above decision on the occasion of the foundation’s 25th anniversary. Gates wrote in his blog, “There are too many pressing issues that need to be addressed right now, and I should not take resources that could have been used to help others for myself. Therefore, I have decided to give back my wealth to society faster than originally planned.” He stated that he expects the Gates Foundation’s charitable spending to exceed $200 billion from now until 2045, including the foundation’s existing endowment size and his future donations.
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