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
Bill Gates Sr. to William Henry Gates I or Sr. (1891–1969) and Lillian Elizabeth Rice (1891–1966); the couple had married in 1913. His paternal grandmother was German and his maternal grandmother was English, and he was apparently the "third" William Henry Gates, despite being named the second. Gates was an active member of a Boy Scout troop for several years, and earned the Eagle Scout Award in 1941. After high school he enlisted in the United States Army, changing his name to William Gates Jr. to avoid the appearance of elitism. He fought in World War II and was honorably discharged in November