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 and other personal business. The Navy decommissioned "Thomas S. Gates" on 15 December 2005, four months earlier than the planned March 2006 date, and after serving only 18 years in the active fleet. She was stricken the same date and was berthed at the Naval Inactive Ship Maintenance Facility in Philadelphia, PA as of 2014. As of 2008, she was slated to be dismantled in the next five years along with her sisters and . As of July 2014, NAVSEA planned to place ex-"Thomas S. Gates" and ex-"Ticonderoga" up for bid to scrappers via the Defense Logistics Agency (DLA). DLA