Philanthropic Shake-Up: Melinda Gates Resigns from Bill & Melinda Gates Foundation and Receives $12.5 Billion for Charity Work
NEW YORK — Melinda French Gates announced on Monday her decision to step down as co-chair of the Bill & Melinda Gates Foundation, a philanthropic organization she has co-led since 2000. As part of her separation agreement with her former husband, Bill Gates, Melinda will receive an additional $12.5 billion for her charitable endeavors. She expressed her intention to focus her philanthropic efforts on initiatives that support women and families. In a statement posted on …