Bill & Melinda Gates Foundation The Gates Foundation received 5% (500,000) of the shares in July 2006 and will receive 5% of the "remaining" earmarked shares in the July of each following year (475,000 in 2007, 451,250 in 2008). In July 2018, Buffet announced another donation of his company's Class B stock, this time worth $2 billion, to the Gates Foundation. To maintain its status as a charitable foundation, the Bill & Melinda Gates Foundation must donate funds equal to at least 5 percent of its assets each year. As of April 2014, the foundation is organized into four program areas under chief executive officer
Bill Gates Sr. 1946. He attended the University of Washington (UW) under the G.I. Bill, where he earned a B.A. in 1949 and a law degree in 1950. While at Washington he joined the Chi Psi Fraternity. He co-founded Shidler & King in 1964, which later became Preston Gates & Ellis LLP. He practiced with the firm until 1998, and the firm was merged into the firm now known as K&L Gates (Bill Gates Sr. is not affiliated with the firm). Gates also served on the board of Planned Parenthood. In 1998, Gates retired from PGE. He currently serves on the Board of