Melinda French Gates is stepping down from the Bill and Melinda Gates Foundation, three years after announcing her separation from Microsoft cofounder Bill Gates. In a statement posted to her Instagram account, French Gates said that as part of her agreement to step down from the foundation, she will retain $12.5 billion that she plans to put toward her ongoing work supporting women and families. “This is not a decision I came to lightly,” French Gates wrote.
” Bill Gates in a separate statement said, “I am sorry to see Melinda leave, but I am sure she will have a huge impact in her future philanthropic work.” Now worth $75.2 billion, the Gates Foundation has over the course of its three-decade lifespan made $77.6 billion worth of grant payments, making it one of the largest donor organizations in the world, with a focus on health and developmental goals.
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