Context:

Bill Gates has announced his intention to donate nearly all of his wealth to the Gates Foundation over the next 20 years, aiming to significantly expand its philanthropic efforts. The foundation, co-founded with his ex-wife Melinda French Gates, has already invested over $100 billion in global health, poverty alleviation, and education. Gates anticipates the foundation will disburse over $200 billion in the coming decades, emphasizing the importance of collaboration with governments despite reduced foreign aid budgets. Warren Buffett's contributions and future plans for a charitable trust also support the foundation's mission. Gates has committed to focusing on child and maternal health, fighting infectious diseases, and reducing poverty as key priorities for the foundation's future initiatives.

Dive Deeper:

• Bill Gates, who was once the richest person globally, is committed to giving away almost all of his wealth to the Gates Foundation within the next two decades, continuing a long-standing tradition of philanthropy.

• The Gates Foundation, established 25 years ago with Melinda French Gates, has been a major force in global philanthropy, having already donated over $100 billion to a variety of causes, primarily in public health.

• Gates has set a goal for the foundation to distribute more than $200 billion in the next 20 years, a substantial increase in its philanthropic activities, despite the challenges posed by decreasing foreign aid budgets from wealthy countries.

• Warren Buffett, a significant contributor to the foundation, plans for his children to manage a charitable trust that will inherit all of his Berkshire Hathaway shares after his death, ensuring continued support for the foundation's work.

• The foundation's future funding will be guided by three key aspirations: improving child and maternal health, combating infectious diseases, and alleviating poverty, all of which require collaboration with global governments.

• Gates has expressed concerns about the willingness of wealthy nations to support poorer countries, emphasizing the necessity of international cooperation to achieve meaningful progress.

• The foundation's strategy highlights the crucial role of coding and technological advancement in addressing global challenges, even as artificial intelligence becomes more prevalent.