Melinda French Gates reportedly won't give bulk of her wealth to Gates Foundation

French Gates is said to have decided not to give the bulk of her estimated $11.4 billion fortune to the Bill & Melinda Gates Foundation, according to a report from the Wall Street Journal, citing unnamed sources familiar with the matter. Instead, French Gates is expected to donate to other charitable endeavors, according to the report, though she may also continue to give money to the Gates Foundation.

French Gates started Pivotal Ventures in 2015 with a focus on female and family issues in the United States. In 2019, she pledged $1 billion over 10 years through Pivotal to promote gender equality.

Following their divorce, Gates and French Gates announced a two-year trial period during which they would co-manage their foundation. CEO and board member Mark Suzman said this contingency plan was in place "to ensure the continuity of the foundation's work." If after this trial period the duo choose to part ways, Gates will remain head and essentially buy French Gates out of the foundation.

The Gates Foundation is one of the world's largest, with an endowment of more than $50 billion. It has spent the last two decades focused on initiatives including gender equality, global health, poverty alleviation and the global rollout of the Covid-19 vaccine.

Gates and French Gates committed an additional $15 billion to the foundation in July.