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 the Gulf of Aqaba. Following an in-port period at Jeddah (2–10 March), where she underwent an IMAV alongside the destroyer tender , "Thomas S. Gates" transited the Suez Canal (12 March). She then conducted anti submarine warfare exercises in the central Mediterranean (15–17 March), after which she transited the Strait of Gibraltar (18 March), headed for Norfolk, returning to her homeport on 28 March. "Thomas S. Gates" fourth major deployment was from 6 May to 6 Nov 1992. "Thomas S. Gates", with HSL-44 Detachment 9 embarked, deployed (Med 2-92) in company with guided missile cruiser and destroyer on 6 May