Melinda French Gates resigns as Gates Foundation co-chair, 3 years after her divorce from Bill Gates
New York, May 13: Melinda French Gates will step down as co-chair of the Bill & Melinda Gates Foundation, the nonprofit she and her ex-husband Bill Gates founded and built into one of the world's largest philanthropic organisations over the past 20 years.
“This is not a decision I came to lightly,” French Gates posted on the X platform on Monday. “I am immensely proud of the foundation that Bill and I built together and of the extraordinary work it is doing to address inequities around the world.”
She praised the foundation's CEO, Mark Suzman, and the foundation's board of trustees, which was significantly expanded after the couple announced their divorce in May 2021.
“The time is right for me to move forward into the next chapter of my philanthropy,” French Gates wrote in her statement. She organises some of her investments and philanthropic gifts through her organisation, Pivotal Ventures, which is not a nonprofit.
Bill Gates thanked French Gates for her “critical” contributions to the foundations in a statement, saying, “I am sorry to see her leave, but I am sure she will have a huge impact in her future philanthropic work.”
French Gates will receive $12.5 billion as part of her agreement with Gates, which she said would commit to future work focused on women and families.
The Gates Foundation did not immediately return a request for comment about whether those assets would come from the foundation itself. In an emailed statement, the foundation said that Suzman announced the decision to employees on Monday.
“After a difficult few years watching women's rights rolled back in the US and around the world, she wants to use this next chapter to focus specifically on altering that trajectory,” Suzman said of French Gates.
Suzman said he knew many had joined the foundation in part because of their admiration for her advocacy, especially around gender equity.
“I know how beloved Melinda is here,” Suzman wrote.
The Gates Foundation holds $75.2 billion in its endowment as of December 2023, and announced in January, it planned to spend $8.6 billion through the course of its work in 2024.
The Associated Press receives financial support for news coverage in Africa from the Bill & Melinda Gates Foundation and for news coverage of women in the workforce from Pivotal Ventures.
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Rajeev Chandrasekhar accuses LDF, UDF of backing Iran over Keralites in Gulf
Thiruvananthapuram (PTI): Kerala BJP president Rajeev Chandrasekhar on Monday hit out at both the ruling CPI(M)-led LDF and the opposition Congress-led UDF, saying that their reactions to the recent conflict in West Asia show that they are supporting Iran rather than standing with the people of Kerala living in the Gulf countries.
He accused both fronts of "playing politics" in the name of religion and appeasement ahead of State Assembly elections, rather than taking a clear stand on the crisis.
It is "surprising" that the Left Democrat Front and United Democratic Front are "supporting" Iran -- which is attacking Gulf countries that economically sustain Kerala and are considered a second home by Keralites, Chandrasekhar said in a statement here.
The BJP leader said Keralites, many of whom depend on jobs in Gulf Cooperation Council (GCC) countries, are anxious about the situation.
He underlined that the first priority should be the safety and security of expatriate workers and their families, not political gains.
His statement comes a day after Chief Minister Pinarayi Vijayan alleged that the United States was displaying "hooliganism" against Iran and accused it of taking "irrational" actions that undermine the sovereignty of nations.
The Congress has also "unequivocally" condemned the targeted assassination of Iran's Supreme Leader Ayatollah Ali Khamenei and said no external power has the authority to engineer a regime change, as such actions amount to imperialism and are incompatible with a rules-based international order.
Chandrasekhar said that the central government is offering help and guidance to Indian citizens in the region, and urged people not to panic.
To assist those affected, the Kerala BJP has opened helpdesks in 30 district offices and launched a toll-free number -- 1800-257-4357 --for Keralites seeking information or support connected to the conflict, the statement said.
