Bill & Melinda Gates Foundation plan to close the Foundation Trust is in contrast to most large charitable foundations that have no set closure date. This is intended to lower administrative costs over the years of the Foundation Trust's life and ensure that the Foundation Trust not fall into a situation where the vast majority of its expenditures are on administrative costs, including salaries, with only token amounts contributed to charitable causes. Bill & Melinda Gates Foundation Bill & Melinda Gates Foundation (BMGF), previously branded as the 'William H. Gates Foundation', is a private foundation founded by Bill and Melinda Gates. It was launched in
Bill Gates edible, again getting a "Yes". Some say that this is an homage to Seinfeld's own show about "nothing" ("Seinfeld"). In a second commercial in the series, Gates and Seinfeld are at the home of an average family trying to fit in with normal people. Since leaving day-to-day operations at Microsoft, Gates has continued his philanthropy and works on other projects. According to the Bloomberg Billionaires Index, Gates was the world's highest-earning billionaire in 2013, as his net worth increased by US$15.8 billion to US$78.5 billion. , most of Gates' assets are held in Cascade Investment LLC, an entity through which