Bill Gates has made his biggest donation to philanthropic cause since the beginning of the century. Gates has given away Microsoft Corp share, which accounts for 5% of his fortunes to the Bill & Melinda Gates Foundation.
According to filings with the Securities & Exchange Commission, the 5% Microsoft Corp shares given away by Gates is worth $4.6 billion. Gates made this donation on June 6th, 2017.
The beneficiaries of the donation are not yet specified, but the funds are with the Bill & Melinda Gates Foundation. A charity program run by Mr. and Mrs. Gates, which has a philanthropic footprint across the world; whether is funding for a new medical research, vaccination campaign in developing countries among others.
This is the largest donation coming from the Microsoft co-founder since the year 2000. Earlier than that, he had given away a $61 million donation (again in the form of Microsoft Corp shares) in 1999, and another $5.1 billion donation in the year after that.
To date, Gates is said to have directed over 700 million shares of Microsoft towards his foundation; adjusting for stock splits. Had he held on …read more