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.
27 Articles
27 Articles
New financial details of Melinda and Bill Gates settlement finally come to light
The Independent
The Independent (US)Bill Gates sent $8B to ex-wife Melinda for charity work
The pair announced their divorce in May 2021 and subsequently split up their philanthropic efforts
New Detail Emerges on How Bill Gates and Ex-Wife Melinda Divided Their Billions and Their Charity Work After Divorce
He agreed to give her $12.5 billion — and much of that was done in 2024Taylor Hill/FilmMagic; Lisa Lake/Getty From left: Bill Gates and Melinda French GatesNEED TO KNOWBill Gates donated $7.88 billion to ex-wife Melinda French Gates' philanthropy following her departure from their charitable foundation, PEOPLE can confirmThe money was given as as part of an agreement following their divorceMelinda announced her departure from the Gates Foundatio…
Melinda founded the Pivotal Philanthropies Foundation in late 2022, a year after her divorce.
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