“I am taking this step with full confidence the foundation is in strong shape,” French Gates, 59, said in the statement.
“The time is right for me to move forward into the next chapter of my philanthropy,” which she added will focus on women and families.
. . .French Gates has her own charity called Pivotal Ventures, which she started in 2015. By the time the couple divorced, Pivotal had invested hundreds of millions of dollars in more than 150 organizations. It uses grants as well as venture capital to focus on empowering women, including getting more females into technology jobs and elected to public office, and advocating paid family leave.
Bill Gates, 68, the former chief executive officer and co-founder of Microsoft Corp., is the world’s fifth-richest person with a fortune of $152.6 billion, according to the Bloomberg Billionaires Index, while French Gates is worth $13.3 billion.
French Gates, through Pivotal, has also worked with MacKenzie Scott, who became one of the biggest philanthropists in history following her 2019 divorce from Amazon.com Inc. co-founder Jeff Bezos.
After French Gates’ departure, the foundation’s board will be made up of Gates, CEO Mark Suzman and five other people appointed in the years following the divorce.
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