Committing $9B Annual Payout; Strengthening Stewardship of Funds
Gates Foundation • • general
Key Points:
- The Gates Foundation's board has approved a historic $9 billion annual payout as part of a four-year plan to accelerate its mission before its planned closure in 2045, aiming to invest an additional $200 billion to double its spending over the next two decades.
- The foundation focuses on three main goals: preventing deaths from preventable causes among mothers and children, eradicating deadly infectious diseases, and lifting hundreds of millions out of poverty, with about 70% of the budget dedicated to global health initiatives.
- To maximize funding for programs, the board capped operating expenditures at $1.25 billion annually (around 14% of the total budget), aiming to reduce operating costs and direct more resources towards mission-driven work amid a challenging
