December 7, 2006

Gates Foundation Announces That It Doesn't Plan to Operate Forever

By Ian Wilhelm

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