Bill Gates Endows Foundation $20 billion to Address Global Challenges

Bill Gates announced Wednesday his $20 billion donation to the Bill and Melinda Gates Foundation to fund innovators working on pandemic prevention, global health, climate mitigation and adaptation, education improvement, and food costs.

“These innovations will not come in time to avoid the problems altogether, but the faster we move, the less people will suffer,” Gates said.

“For many people including myself, this is the most concrete way of contributing, even when it seems modest compared to the scale of the problems. Focusing on being part of the solution is better than giving up in despair,” Gates added.

Until Wednesday, Berkshire Hathaway Chairman Warren Buffett was the foundation’s largest donor with a combined contribution of $35.7 billion.

“My giving this money is not a sacrifice at all,” Gates said.

“I feel privileged to be involved in tackling these great challenges, I enjoy the work, and I believe I have an obligation to return my resources to society in ways that have the greatest impact on improving lives. I hope others in positions of great wealth and privilege will step up at this moment too,” Gates added.

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