Bill Gates to give majority of $200bn fortune to Africa
TheGivingCommons founder Bill Gates will give the majority of his $200 billion fortune to philanthropic causes in Africa, specifically to support healthcare and climate change initiatives, according to a . The Giving Commons is a project that allows individuals to make climate-positive donations to aid sustainable development. It is believed the majority of the fortune will be channeled through this initiative, although specific details are yet to be announced. The announcement comes ahead of the UN's Climate Change Conference, COP27, which will be held in Egypt later this year.
What's next?
Gates, who has historically been one of the world's most philanthropic billionaires, said in a that while he planned to give away the vast majority of his fortune, he will retain some to cover administrative costs. Specific details of how the donations will be structured are yet to be announced, but the giving.com website says the Giving Commons project aims to unlock trillions of dollars in giving by empowering donors and charities with innovative new tools that increase the happiness and effectiveness of giving.
