Bill Gates to be the first billionaire in US history to donate $1 billion to charity
Microsoft co-founder Bill Gates will be the highest-profile American to make an unprecedented $1.1 billion donation to charity in 2017.
Gates, who was born in India but has lived in the US for many years, is donating his entire fortune, worth more than $90 billion, to support causes that include the Humanitarian Assistance Project and a charity dedicated to helping victims of Ebola.
In a statement, Gates said he was “proud to help millions of people in the fight against the ravages of infectious diseases and to give back to the communities in my native country.”
Gates and the philanthropy were announced on the eve of the 10th anniversary of the pandemic, in which nearly 8,000 people died.
The donation, which will go toward helping the victims of the Ebola outbreak in West Africa, is the largest donation made by an American to charity since former President Barack Obama donated $1 million to the National Institutes of Health in 2014.
Galsaid in an interview with CNBC that he will be donating his fortune to charity as a “strategic gift” that he hopes will help alleviate the humanitarian crisis.
“I think the pandemics are a great opportunity to make a strategic gift to those who need it,” he said.
“The reason I think it’s important to make this donation is because I think there are so many people out there who are facing tremendous hardship and suffering that could have been alleviated by investing in things like health care, education, education and so forth.”
The foundation’s donation comes a day after the government announced that the first $10 million of the Bill and Melinda Gates Foundation’s $10 billion fund will be used to help support education and infrastructure projects in the United States.
The Bill and Bob foundation’s annual Giving Pledge is designed to increase philanthropy in the U.S., by pledging to give away between $100 and $1,000 of their wealth each year for up to five years, the Washington Post reported.
In an interview, Gates expressed gratitude for President Donald Trump for the gifts made during his first year in office, noting that the president “made sure that we were getting the most out of the generosity that we could.”
Getsch said the Trump administration has made good on his pledge.
“They’re doing a great job.
I think President Trump has been very, very helpful, very open, very transparent, and has been willing to share information with us and to make sure that the gifts are made and that we get them out to as many people as possible,” he told CNBC.