Bill & Melinda Gates Foundation set conditions so that these contributions do not simply increase the foundation's endowment, but effectively work as a matching contribution, doubling the foundation's annual giving. Bloomberg News noted, "Buffett's gift came with three conditions for the Bill & Melinda Gates Foundation: Bill or Melinda Gates must be alive and active in its administration; it must continue to qualify as a charity; and each year it must give away an amount equal to the previous year's Berkshire gift, plus an additional amount equal to 5 percent of net assets. Buffett gave the foundation two years to abide by the third requirement."
Bill Gates (frontiersman) Gates" (c. 1908) was authored by Iola Beebe, his mother-in-law. Swiftwater Bill was known to be at the gold fields of Nome, Alaska at the same time as William H Gates I, grandfather of the Microsoft founder. However, despite the similarity in name and coincidences of gold, there is no apparent family relationship between "Swiftwater Bill" and Microsoft founder Bill Gates. Bill Gates (frontiersman) "Swiftwater" Bill Gates (died 1935) was an American frontiersman and fortune hunter, and a fixture in stories of the Klondike Gold Rush. He made and lost several fortunes, and died in Peru in 1935 pursuing a