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 Panama, during which she made two major drug seizures (4.5 tons of cocaine) from "Go-Fast" speedboats off El Salvador. The warship also conducted a special forces exercise called Trident Warrior and a submarine tracking and gunnery exercise with the Peruvian Navy. In March 2003, "Thomas S. Gates" was homeported at Pascagoula and was assigned to Destroyer Squadron 6. On 21 March 2004, "Thomas S. Gates" rendezvoused with cruise ship "Celebrity Summit", of Royal Caribbean International Cruise Lines, in the central Caribbean. The cruiser's embarked USCG Enforcement Detachment boarding team, with the cooperation of the cruise ship's captain and security force,