Bill Gates Can Remove Melinda French Gates From Foundation in Two Years
The New York Times
Following their divorce, they will continue to work together for now at the foundation, which they gave an additional $15 billion in resources, and will add new independent trustees.
Bill Gates and Melinda French Gates have at times referred to the foundation they established together as their “fourth child.” If over the next two years they can’t find a way to work together following their planned divorce, Mr. Gates will get full custody. That was one of the most important takeaways from a series of announcements about the future of the world’s largest charitable foundation made on Wednesday by its chief executive, Mark Suzman, overshadowing an injection of an additional $15 billion in resources that will be added to the $50 billion previously amassed in its endowment over two decades. “They have agreed that if after two years either one of them decides that they cannot continue to work together, Melinda will resign as co-chair and trustee,” Mr. Suzman said in a message to foundation employees Wednesday. If that happens, he added, Ms. French Gates “would receive personal resources from Bill for her philanthropic work” separate from the foundation’s endowment.More Related News