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Gateses Have Two Years to Decide If They Can Share Foun...


The ex-couple insisted when they announced their split in May that little would change at the sprawling philanthropy. Yet Wednesday brought a remarkable turn of events: Along with committing another $15 billion to the endowment and announcing a plan for new trustees, the pair also laid bare that they may not be able to work together in the future raising the possibility French Gates will exit.
“Gates and  French Gates are fully committed to continuing to work constructively together at the foundation,” the organization said in a statement. “However, they have also agreed to an additional step to ensure the continuity of the foundation’s work: if after two years either decides they cannot continue to work together as co-chairs, French Gates will resign her position as co-chair and trustee.” ....

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Gates Foundation sets 2-year, post-divorce power share trial


 
NEW YORK
Bill Gates and Melinda French Gates will continue to work together as co-chairs of their foundation even after their planned divorce. However, if after two years Gates and French Gates decide they cannot continue in their roles, French Gates will resign her positions as co-chair and trustee, The Bill and Melinda Gates Foundation announced Wednesday.
If French Gates resigns, Gates would essentially buy her out of the foundation, one of the world s largest private charitable organizations, and she would receive resources from him to do her own philanthropic work. The resources received would be separate from the foundation s endowment, according to the announcement. ....

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