Overview
- New tax records show Gates donated $7.88 billion in 2024 to Pivotal Philanthropies, the foundation Melinda French Gates established in 2022.
- A Pivotal spokesperson says the agreement between the former spouses has been fulfilled, with the donation counting toward the pledged $12.5 billion.
- The filing indicates Pivotal Philanthropies’ assets rose from about $604 million at the end of 2023 to roughly $7.4 billion in 2024.
- Reporting notes that specifics on the remaining roughly $4.6 billion are not detailed, with some funds potentially routed through LLC entities that do not file tax returns.
- The gift ranks among the largest publicly disclosed charitable transfers and accelerates Pivotal’s work focused on women and families following Melinda’s May 2024 exit from the Gates Foundation.