Bill Gates, a billionaire philanthropist, recently announced his plan to donate virtually all his wealth to the Gates Foundation over the next 20 years. The foundation’s doors will close permanently by 2045 after all the money has been given away.
Gates’ decision is significant, as he has been a model for other donors with his large, professionalized staff and focus on global health issues. He is also closely associated with efforts to shape global philanthropic norms through initiatives like the Giving Pledge.
Source: https://www.vox.com/future-perfect/414135/bill-gates-foundation-philanthropy-elon-musk-billionaire