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 western Mediterranean. She then underwent a period of maintenance in Marseille, France (11–22 October) before she participated in Exercise National Week (24–31 October), during which she conducted turnover with her relief, the cruiser at Pollensa Bay, Majorca (29 October). Out-chopping to Commander, 2d Fleet, on 31 October 1989, "Thomas S. Gates" then conducted her return transit to Norfolk (31 October-10 November 1989). From 15 August 1990 to 28 March 1991, "Thomas S. Gates" deployed in support of Desert Shield and Desert Storm. With only five days of intensive preparations, "Thomas S. Gates" deployed as an element of the battle group