Wednesday, July 21, 2004

Gates' dividend will go to charity

Gates' dividend will go to charity "Microsoft's decision to issue a special dividend to its stockholders will also make the world's wealthiest philanthropy about 10 percent richer.
Bill and Melinda Gates yesterday announced that all of an estimated $3 billion of the stock dividend that would have gone to the Microsoft chairman will instead be donated to their non-profit foundation in support of its efforts in global health, education and equity.
"While our family foundation is making progress, there remain so many urgent needs and challenges that we must address together as a society," said Melinda Gates in a statement the Gateses released yesterday announcing their donation.
With this donation, Gates will have endowed the Bill & Melinda Gates Foundation with a total of about $30 billion."
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