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Gates Foundation sets two-year power-sharing trial

Gates Foundation sets two-year power-sharing trial Plans in place if two cannot continue roles after divorce By Haleluya Hadero, Associated Press Published: July 10, 2021, 9:04pm Share: Philanthropist and co-founder of Microsoft Bill Gates and his wife, Melinda, react prior to being awarded the Legion of Honour at the Elysee Palace in Paris in 2017. (Associated Press files) NEW YORK Bill Gates and Melinda French Gates will continue to work together as co-chairs of their foundation even after their planned divorce. However, if after two years Gates and French Gates decide they cannot continue in their roles, French Gates will resign her positions as co-chair and trustee, The Bill and Melinda Gates Foundation announced Wednesday.

Gates Foundation sets 2-year, post-divorce power share trial

  NEW YORK Bill Gates and Melinda French Gates will continue to work together as co-chairs of their foundation even after their planned divorce. However, if after two years Gates and French Gates decide they cannot continue in their roles, French Gates will resign her positions as co-chair and trustee, The Bill and Melinda Gates Foundation announced Wednesday. If French Gates resigns, Gates would essentially buy her out of the foundation, one of the world s largest private charitable organizations, and she would receive resources from him to do her own philanthropic work. The resources received would be separate from the foundation s endowment, according to the announcement.