Bill Gates Sr. Regents for the University of Washington, and is a co-chair of the Bill and Melinda Gates Foundation, which his son Bill and his daughter-in-law Melinda founded. He has served as a director for Costco Wholesale, a bulk retail corporation, since 2003. He is also a founding co-chair of the Pacific Health Summit. He has adopted the suffix "Sr." to distinguish himself from his more famous son. Gates is co-author, with Chuck Collins, of the book "Wealth and Our Commonwealth: Why America Should Tax Accumulated Fortunes", a defense of the policies promoted by the estate tax. He married Mary Maxwell Gates
Bill & Melinda Gates Foundation principal officers include Co-Chair William H. Gates, Sr. and Chief Executive Officer Susan Desmond-Hellmann. It had an endowment of $50.7 billion . The scale of the foundation and the way it seeks to apply business techniques to giving makes it one of the leaders in venture philanthropy, though the foundation itself notes that the philanthropic role has limitations. In 2007, its founders were ranked as the second most generous philanthropists in the US, and Warren Buffett the first. As of May 16, 2013, Bill Gates had donated $28 billion to the foundation. Since its founding, the foundation has endowed and