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 operating system, because he believed that other hardware vendors would clone IBM's system. They did, and the sales of MS-DOS made Microsoft a major player in the industry. Despite IBM's name on the operating system, the press quickly identified Microsoft as being very influential on the new computer. "PC Magazine" asked if Gates were "the man behind the machine?", and "InfoWorld" quoted an expert as stating "it's Gates' computer". Gates oversaw Microsoft's company restructuring on June 25, 1981, which re-incorporated the company in Washington state and made Gates the president of Microsoft and its board chairman. Microsoft launched its first