Why some tycoons are speeding up their charity
Governments are doing less, but the need for aid has not diminished
Earlier this month Bill Gates announced that the Gates Foundation will close its doors in 2045, earlier than expected. Since it was established at the turn of the millennium the foundation has become the world’s largest, spending $100bn to fight disease and poverty. The plan is to dish out another $200bn in the next 20 years. That is virtually all of Mr Gates’s fortune. It is the latest example of a trend towards speedy giving.
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This article appeared in the United States section of the print edition under the headline “Giving it all away”
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