US EditionBill Gates donated record $8 billion to Melinda French Gates' foundation as part of their divorce settlement
Bill Gates fulfilled a $12.5 billion divorce pledge by donating $7.88 billion to Melinda French Gates' Pivotal Philanthropies Foundation in 2024, boosting its assets over 1,000%.
- In recent years, Bill Gates donated $7.88 billion to Pivotal Philanthropies Foundation, recorded on his tax filings and first reported by The New York Times' DealBook.
- The gift stems from a $12.5 billion agreement tied to Melinda French Gates' resignation as co-chair, and she said the funds would be used 'on behalf of women and families.'
- Pivotal Philanthropies Foundation saw assets rising to about $7.4 billion and gave more than $540 million in grants between 2022–2024.
- Grantees report rapid scaling after the funding, with Sue Harnett saying 'It has allowed us to serve thousands more women than we ever could.' and her organization grew from one employee in 2019 to 26 this year after receiving $5 million from Pivotal.
- Still, reporting highlights unresolved allocation questions, noting about $4.6 billion remains unclear and some may have gone to Pivotal Ventures, while Pivotal Philanthropies and spokespeople say the $12.5 billion agreement is fulfilled.
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33 Articles
The separation of Melinda and Bill Gates has been five years. Now it turns out that the end of the powerful couple may really be a good thing – philanthropically at least.
Microsoft co-founder Bill Gates has given nearly $8 billion to his ex-wife, Melinda French Gates, for charitable work, making her foundation one of the world's largest nonprofits. The couple announced their divorce in May 2021 after 27 years of marriage. They then split their careers, and French Gates announced in May 2024 that she would step down as co-chair of the Gates Foundation. The Gates Foundation has spent $53.8 billion since 2000 on hea…
The billionaire and founder of Microsoft, Bill Gates, contributed almost US$ 8 billion to the private foundation of his ex-wife, Melinda French Gates, as part of the marriage divorce agreement. The grant is considered one of the largest philantropic contributions already registered in public.
New financial details of Melinda and Bill Gates settlement finally come to light
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