CONCERNED about the "significant suffering" caused by global setbacks, including the Covid-19 pandemic, Bill Gates announced on Wednesday he would donate $20 billion to his foundation so it could increase its annual spending.
The donation, combined with longtime board member Berkshire Hathaway Chief Executive Officer (CEO) Warren Buffett's $3.1-billion gift last month, brings The Bill and Melinda Gates Foundation's endowment to approximately $70 billion, making it one of the world's largest. In an essay on the foundation's website, the Microsoft co-founder said he hoped "others in positions of great wealth and privilege will step up in this moment, too."
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