Bill & Melinda Gates Foundation conducts all operations and grantmaking work, and it is the entity from which all grants are made". Also announced was the decision to "... spend all of [the Trust's] resources within 20 years after Bill's and Melinda's deaths". This would close the Bill & Melinda Gates Foundation Trust and effectively end the Bill & Melinda Gates Foundation. In the same announcement it was reiterated that Warren Buffett "... has stipulated that the proceeds from the Berkshire Hathaway shares he still owns at death are to be used for philanthropic purposes within 10 years after his estate has been settled". The
USS Thomas S. Gates the gold rays from the Presidential seal emphasize the significance of Gates's appointment, by President Gerald R. Ford, to head the U.S. Liaison Office to the People's Republic of China, and reflect Gates's contributions to the United States in that role, his last as a public servant. USS Thomas S. Gates USS "Thomas S. Gates" (CG-51) was a flight-I that was used by the United States Navy. The warship was named after Thomas S. Gates, Secretary of Defense in the last years of the Eisenhower Administration (1959–1961). In a break from normal naming conventions for the "Ticonderoga" class cruisers, "Thomas