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 After visiting Palma, Majorca (20–27 June) and Toulon, France (30 June-15 July), where she underwent an Intermediate Maintenance Availability (IMAV), "Thomas S. Gates" transited to the eastern Mediterranean (15–21 July); following a port visit to Izmir, Turkey (21–23 July), "Thomas S. Gates" participated in Exercise Demon Jazz 89 (24–29 July). She then visited Istanbul, Turkey (31 July-2 August), where she embarked VADM Paul Ilg, Deputy Commander in Chief U.S. Naval Forces, Europe, and then stood into the Black Sea (3–4 August). Accompanied by the guided missile frigate , "Thomas S. Gates" visited Sevastopol, USSR, from 4–8 August, and then returned