Bill & Melinda Gates Foundation supported a broad range of social, health, and education developments including the establishment of the Gates Cambridge Scholarships at Cambridge University. In 1994, the foundation was formed as the William H. Gates Foundation. During the foundation's following years, funding grew to $2 billion. On June 15, 2006, Gates announced his plans to transition out of a day-to-day role with Microsoft, effective July 31, 2008, to allow him to devote more time to working with the foundation. In 2005, Bill and Melinda Gates, along with the musician Bono, were named by "Time" as Persons of the Year 2005 for their outstanding
USS Thomas S. Gates apprehended Jose Miguel Battle, Jr. the suspected leader of The Corporation, an organized crime outfit. "Thomas S. Gates" also provided an escort for the aircraft carrier through the Strait of Magellan. Due to poor weather in the Pacific, "Thomas S. Gates" exited the strait via the Smyth Channel and conducted a 36-hour transit through restricted maneuvering waters. "Thomas S. Gates" was the first "Ticonderoga"-class cruiser to make that transit. The cruiser returned to home port on 2 August 2004. Due to Hurricane Katrina, her last deployment was cut short. The crew was given leave to take care of their families