Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

Melinda French Gates resigns as Gates Foundation co-chair, 3 years after her divorce from Bill Gates

AP
Updated: May 14th, 2024, 11:15 IST
in Business, International
0
Melinda French Gates

Pic - IANS

Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

New York: Melinda French Gates will step down as co-chair of the Bill and Melinda Gates Foundation, the non-profit she and her ex-husband Bill Gates founded and built into one of the world’s largest philanthropic organisations over the past 20 years.

“This is not a decision I came to lightly,” French Gates posted on the X platform Monday. “I am immensely proud of the foundation that Bill and I built together and of the extraordinary work it is doing to address inequities around the world.”

Also Read

Trump

If attacked, US will strike back with full force, Trump warns Iran

22 mins ago
Helpage INdia

‘Elders must never be seen as burden’: World elder abuse awareness day

3 hours ago

She praised the foundation’s CEO, Mark Suzman, and the foundation’s board of trustees, which was significantly expanded after the couple announced their divorce in May 2021.

“The time is right for me to move forward into the next chapter of my philanthropy,” French Gates wrote in her statement. She already organizes some of her investments and philanthropic gifts through her organisation, Pivotal Ventures, which is not a nonprofit.

pic.twitter.com/JYIovjNYKo

— Melinda French Gates (@melindagates) May 13, 2024

Bill Gates thanked French Gates for her “critical” contributions to the foundation in a statement, saying, “I am sorry to see her leave, but I am sure she will have a huge impact in her future philanthropic work.”

The foundation will change its name to the Gates Foundation, a spokesperson said.

French Gates will receive $12.5 billion as part of her agreement with Gates, which she said would commit to future work focused on women and families. The foundation said that Gates would supply those funds personally, not from the foundation’s endowment.

The Gates Foundation is a massive funder of global health, supporting major international institutions like Gavi, the Vaccine Alliance, the World Health Organization, and The Global Fund to Fight AIDS, Tuberculosis, and Malaria. It also funds research into a wide range of topics like child malnutrition and maternal health as well as eradicating polio and treating and preventing malaria. The foundation has also donated billions to help small farmers adapt to climate change.

In the US, it funded education policy and research that had sweeping, if mixed, effects, and now, has pledged to increase its support around antipoverty initiatives.

“The announcement is a surprise for many of us, but I don’t think it’s spur of the moment,” said Latanya Mapp, president and CEO of Rockefeller Philanthropy Advisors.’

French Gates has already helped cement a gender equity lens within the Gates Foundation’s programs to ensure it continues past her departure, Mapp said. The first president of the foundation’s gender equity division was hired in 2020.

When French Gates officially resigns June 7, Bill Gates will be the sole chair of the foundation’s board, though Suzman, as CEO, has taken on a higher profile role in the past three years. For example, he began writing the foundation’s annual letter outlining its priorities in 2022.

Linsey McGoey, a professor of sociology at the University of Essex and author of “No Such Thing as a Free Gift: The Gates Foundation and the Price of Philanthropy,” said French Gates’ departure again raises the question of whether power over the foundation should be more widely distributed.

“Should there be more than a tight nucleus of people in charge?” asked McGoey, adding that the foundation controls a great deal of funding that affects people who lack “a democratic pathway” to contest how it’s used.

In an emailed statement, the foundation said that Suzman announced French Gates’ decision to employees on Monday.

“After a difficult few years watching women’s rights rolled back in the US and around the world, she wants to use this next chapter to focus specifically on altering that trajectory,” Suzman said of French Gates.

Suzman said he knew many had joined the foundation in part because of their admiration for her advocacy, especially around gender equity.

“I know how beloved Melinda is here,” Suzman wrote.

The Gates Foundation holds $75.2 billion in its endowment as of December 2023 and announced in January, it planned to spend $8.

AP

Tags: AIDSBill gatesDivorceGates FoundationMelinda French GatesMelinda Gates
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Saishree Satyarupa

December 12, 2019
#MyPaperBagChallenge

Aman Kumar Barisal

December 12, 2019
#MyPaperBagChallenge

Sarfraz Ahmad

December 12, 2019
#MyPaperBagChallenge

Matrumangal Jena

December 12, 2019
#MyPaperBagChallenge

Pitabas Tripathy

December 12, 2019
#MyPaperBagChallenge

Ankita Balabantray

December 12, 2019
#MyPaperBagChallenge

Vandana Singh

December 12, 2019
#MyPaperBagChallenge

Bijswajit Pradhan

December 12, 2019
#MyPaperBagChallenge

Archana Parida

December 12, 2019
#MyPaperBagChallenge

Kamana Singh

December 12, 2019
#MyPaperBagChallenge

Sitakanta Mohanty

December 12, 2019
#MyPaperBagChallenge

Tapaswini Mallick

December 12, 2019
#MyPaperBagChallenge

Narendra Kumar

December 12, 2019
#MyPaperBagChallenge

Chinmay Kumar Routray

December 12, 2019
?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
#MyPaperBagChallenge

Dibya Ranjan Das

December 12, 2019
#MyPaperBagChallenge

Sibarama Khotei

December 12, 2019
#MyPaperBagChallenge

Sipra Mishra

December 12, 2019
#MyPaperBagChallenge

Adyasha Priyadarsani Sendha

December 12, 2019
#MyPaperBagChallenge

Ipsita

December 12, 2019
#MyPaperBagChallenge

Sisirkumar Maharana

December 12, 2019
#MyPaperBagChallenge

Adweeti Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Pragyan Priyambada

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar

December 12, 2019
#MyPaperBagChallenge

Rajashree Pravati Mohanty

December 12, 2019
#MyPaperBagChallenge

Faiza Firdous

December 12, 2019
#MyPaperBagChallenge

Amritansh Mishra

December 12, 2019
#MyPaperBagChallenge

Lopali Pattnaik

December 12, 2019
#MyPaperBagChallenge

Spinoj Pattnaik

December 12, 2019
#MyPaperBagChallenge

Keshab Chandra Rout

December 12, 2019
#MyPaperBagChallenge

Tabish Maaz

December 12, 2019

Archives

Editorial

Nameless Doctrine

June 15, 2025

On 12 June, the United Nations General Assembly adopted a resolution demanding an immediate, unconditional and lasting ceasefire in Gaza....

Read more

Graft in ED

June 14, 2025

When a senior Enforcement Directorate (ED) officer gets caught in a graft case, eyebrows go up. But when insiders start...

Read more

Clash of Titans

June 11, 2025

The world is watching with bated breath the fierce showdown between the richest man on earth Elon Musk and the...

Read more

Basics of Diplomacy

Diplomacy
June 10, 2025

It is unfortunate that India has finally got an invitation to attend the G7 summit in Alberta, Canada, to be...

Read more
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2024 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2024 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2024 All rights Reserved by OrissaPOST