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
USS Thomas S. Gates After visiting Palma, Majorca (20–27 June) and Toulon, France (30 June-15 July), where she underwent an Intermediate Maintenance Availability (IMAV), "Thomas S. Gates" transited to the eastern Mediterranean (15–21 July); following a port visit to Izmir, Turkey (21–23 July), "Thomas S. Gates" participated in Exercise Demon Jazz 89 (24–29 July). She then visited Istanbul, Turkey (31 July-2 August), where she embarked VADM Paul Ilg, Deputy Commander in Chief U.S. Naval Forces, Europe, and then stood into the Black Sea (3–4 August). Accompanied by the guided missile frigate , "Thomas S. Gates" visited Sevastopol, USSR, from 4–8 August, and then returned