Bill & Melinda Gates Foundation The Gates Foundation received 5% (500,000) of the shares in July 2006 and will receive 5% of the "remaining" earmarked shares in the July of each following year (475,000 in 2007, 451,250 in 2008). In July 2018, Buffet announced another donation of his company's Class B stock, this time worth $2 billion, to the Gates Foundation. To maintain its status as a charitable foundation, the Bill & Melinda Gates Foundation must donate funds equal to at least 5 percent of its assets each year. As of April 2014, the foundation is organized into four program areas under chief executive officer
Bill Gates but is known as William Gates III or "Trey" because his father had the "II" suffix. The family lived in the Sand Point area of Seattle in a home that was once damaged by a rare tornado when Gates was nine years old. Early on in his life, Gates observed that his parents wanted him to pursue a law career. When Gates was young, his family regularly attended a church of the Congregational Christian Churches, a Protestant Reformed denomination. The family encouraged competition; one visitor reported that "it didn't matter whether it was hearts or pickleball or swimming to the