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 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