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 this time "putting to good use skills developed in February in the Caribbean Sea…" "Thomas S. Gates" then visited Hurghada, Egypt (20–23 October 1990), after which time she served as "Gate Guard" in the Gulf of Suez, screening all shipping traffic. TG 150.5 became TF-60 on 26 October, and on the 27th transited the Suez Canal. Between 28 October and 11 December, "Thomas S. Gates" operated in the central and eastern Mediterranean, evolutions punctuated by port visits to Naples (31 October-2 November), Izmir, Turkey (7–13 November), and Haifa, Israel (16–17 November), and an IMAV alongside destroyer tender at Souda Bay,