December 7, 2006
Gates Foundation Announces That It Doesn't Plan to Operate Forever
All good things must come to an end, as the saying goes, and the Bill & Melinda Gates Foundation is no exception.
The foundation, in Seattle, announced last week it had set up a timeline for its eventual closure, as part of changes the fund is making to facilitate the $31-billion pledge the investor Warren Buffett made to the organization last summer.
But grant seekers should not fret; the fund still has a long life ahead.
The Gates Foundation will shut down 50 years
How America Gives