Bill & Melinda Gates Foundation conducts all operations and grantmaking work, and it is the entity from which all grants are made". Also announced was the decision to "... spend all of [the Trust's] resources within 20 years after Bill's and Melinda's deaths". This would close the Bill & Melinda Gates Foundation Trust and effectively end the Bill & Melinda Gates Foundation. In the same announcement it was reiterated that Warren Buffett "... has stipulated that the proceeds from the Berkshire Hathaway shares he still owns at death are to be used for philanthropic purposes within 10 years after his estate has been settled". The
Bill Gates Sr. Bill Gates Sr. William Henry Gates II (born November 30, 1925), better known as Bill Gates Sr., is an American retired attorney and philanthropist and author of the book "Showing Up for Life: Thoughts on the Gifts of a Lifetime". He is the father of Microsoft co-founder Bill Gates. One of a line of businessmen named William H. Gates, and sometimes called William Gates Jr. in his career, he is now generally known as William Henry Gates Sr. due to the greater prominence of his son William H. Gates III (Bill Gates). Gates was born in 1925 in Bremerton, Washington,