Bill Gates to Send Foundation $20 Billion as It Ramps Up Giving
- Gates Foundation aims to increase its annual donations by 50%
- Billionaire’s gift represents almost a fifth of his fortune
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Bill Gates is donating $20 billion to the Bill & Melinda Gates Foundation this month as the philanthropic behemoth plans to speed up its pace of giving.
“I hope by giving more, we can mitigate some of the suffering people are facing right now and help fulfill the foundation’s vision to give every person the chance to live a healthy and productive life,” Gates, the world’s fourth-richest person, said in a statement Wednesday.