Melinda French Gates resigns from Bill and Melinda Gates Foundation; here’s all you need to know

Melinda French Gates resigns from the Bill and Melinda Gates Foundation, focusing on new philanthropic ventures. Foundation to be renamed Gates Foundation after this development.

Published on May 15, 2024  |  05:06 PM IST |  33K
Melinda French Gates resigns from Bill and Melinda Gates Foundation
Melinda French Gates resigns from their foundation (PC: X realtoriabrooke)
Key Highlight
  • Melinda French Gates steps down to pursue new philanthropic endeavors
  • Bill & Melinda Gates Foundation to be renamed Gates Foundation

One of the world’s most powerful organizations will be going through its biggest transformation with the resignation of Melinda French Gates, the co-chair of the Bill & Melinda Gates Foundation. She said on Monday that quitting her job was not an easy decision to make. 

Now she feels it is timelier than ever for her to change gears and get ready for the next phase of her life dedicated to charity. She plans to further support women and families using the extra $12.5 billion provided by Bill Gates, as agreed upon in their divorce settlement.

Leadership and focus shifts

The foundation will go through a rebranding process, and it will now be called the Gates Foundation after Bill Gates Sr.’s name and also as a way of appreciating Melinda’s input. Consequently, the post of chairperson will be taken over by Bill Gates alone.

Mark Suzman, CEO, mentioned how much impact this woman has had, particularly on promoting gender equality across all corners of our planet. Her decision, according to him, came out of a yearning for realignment toward dealing with issues that undermine women’s rights both domestically and internationally.

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Melinda French Gates resigns from their foundation (PC: X melanews)

Learnings and future ahead

Mixed feelings have greeted this development, with many people still trying to digest the information. Mark Suzman said he was sad when reflecting on all those years spent working together with French Gates, who had shown great leadership qualities that linked the work done by his organization with needy groups within society. His last remarks were full of praise before acknowledging his loss, leaving him without her expertise or experience.

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Melinda French Gates resigns from their foundation (PC: X CmdtePaulo)

Melinda French-Gates's resignation is a significant moment in philanthropy; furthermore, as she embarks on her next chapter in charitable endeavors, advocating for women and families around the globe who have been inspired by her legacy will continue changing lives positively worldwide.

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FAQ

Why did Melinda French Gates resign from the foundation?
Melinda wants to focus on new philanthropic goals and will utilize an additional $12.5 billion for her work.

What changes are happening at the foundation?
The foundation will be renamed the Gates Foundation, with Bill Gates becoming the sole chair.

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Shovan has a Masters in Mass Communication and Journalism degree from Calcutta University. He loves to live in the

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