Bill & Melinda Gates Foundation set conditions so that these contributions do not simply increase the foundation's endowment, but effectively work as a matching contribution, doubling the foundation's annual giving. Bloomberg News noted, "Buffett's gift came with three conditions for the Bill & Melinda Gates Foundation: Bill or Melinda Gates must be alive and active in its administration; it must continue to qualify as a charity; and each year it must give away an amount equal to the previous year's Berkshire gift, plus an additional amount equal to 5 percent of net assets. Buffett gave the foundation two years to abide by the third requirement."
Bill Gates (frontiersman) Bill Gates (frontiersman) "Swiftwater" Bill Gates (died 1935) was an American frontiersman and fortune hunter, and a fixture in stories of the Klondike Gold Rush. He made and lost several fortunes, and died in Peru in 1935 pursuing a silver strike. In one famous Klondike story he presented Dawson dance hall girl Gussie Lamore her weight in gold. Gates was married briefly to Grace Lamore in 1898; he later married Bera Beebe, with whom he fathered two sons, Fredrick and Clifford. Gates subsequently abandoned her for 15-year-old Kitty Brandon, his niece. His biography "The True Life Story of Swiftwater Bill