Warren Buffett resigns as trustee of Gates Foundation
“For years I have been a trustee – an inactive trustee at that – of only one recipient of my funds, the Bill and Melinda Gates Foundation. I am now resigning from that post, just as I have done at all corporate boards other than Berkshire’s,” Buffett said in a statement.
Bill Gates and his wife Melinda, co-founders of the foundation, filed for divorce in May after 27 years of marriage but pledged to continue their philanthropic work together.
The 21-year-old foundation has become one of the most powerful and influential forces in global public health, spending more than $50 billion over the past two decades to bring a business approach to combating poverty and disease.
Last year, Buffett reported donating more than $2 billion of stock in his investment vehicle, Berkshire Hathaway Inc , to the Gates Foundation as part of previously announced plans to give away his entire fortune before his death.
The 90-year-old also said he was pledging $4.1 billion to philanthropy.