US EditionBill & Melinda Gates Foundation CEO calls for billionaires to give away more and soon
- The CEO of the Bill & Melinda Gates Foundation, Mark Suzman, urges billionaires to give away more money to address inequality, referencing philanthropist Chuck Feeney as a generous example.
- The Gates Foundation calls for billionaires to donate to high-impact causes that can save lives and combat climate change. The foundation itself plans to give away $8.6 billion this year.
- Suzman supports requiring philanthropic foundations to donate more than the current 5% of their endowment and emphasizes the importance of small individual donors.
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Bill & Melinda Gates Foundation CEO calls for billionaires to give away more and soon
At a time of great need, if there is an opportunity to expand our giving, we should be modeling what that looks like. The foundations appeal builds on the Giving Pledge, which was launched by the Gateses and Buffett in 2010 as a commitment for billionaires to donate the majority of their wealth.
·India
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Gates Foundation intends to spend its $67 billion endowment 'down to zero' within 20 years of Bill and Melinda's deaths
“What if, alongside a $100 million dollar gift to a highly selective university, they also gave $100 million to [make] textbooks free for every college student in the United States, forever?” Mark Suzman wrote in the Gates Foundation's annual letter.
·New York, United States
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