Bill Gates and Melinda French Gates explore changes to charitable foundation – WSJ

Bill Gates and Melinda French Gates are discussing changes to the structure of their foundation to add more governance and independence, the Wall Street Journal reported, citing people familiar with the matter.

The co-founders of one of the world’s largest private charitable foundations, filed for divorce earlier this month after 27 years of marriage but pledged to continue their philanthropic work together.

The billionaire benefactors are discussing adding a board and bringing in outside directors, according to the report.

Melinda French Gates has pushed for governance changes in the wake of the divorce filing to ensure the future stability of the foundation, the WSJ reported.

“No decisions have been made,” Mark Suzman, chief executive officer of the Bill & Melinda Gates Foundation, said.

The foundation has become one of the most powerful and influential forces in global public health with spending of more than $50 billion over the past two decades.

Photo: Philanthropist and co-founder of Microsoft, Bill Gates, left, and his ex-wife Melinda French Gates . EPA/KAMIL ZIHNIOGLU / POOL

Discover more from The Dispatch

Subscribe now to keep reading and get access to the full archive.

Continue reading

Verified by MonsterInsights