• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

2

When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

3

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

1

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

2

When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

3

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
Healthphilanthropy

Inside Bill Gates’ meeting with his foundation’s staff after his $200 billion bombshell: ‘How do we get people to care?’

By
Alexa Mikhail
Alexa Mikhail
Senior Reporter, Fortune Well
Down Arrow Button Icon
By
Alexa Mikhail
Alexa Mikhail
Senior Reporter, Fortune Well
Down Arrow Button Icon
May 28, 2025, 1:25 PM ET
Chair Bill Gates  welcomes attendees of the 2025 Annnual Employee Meeting in McCaw Hall in Seattle on May 13, 2025.
Chair Bill Gates welcomes attendees of the 2025 Annnual Employee Meeting in McCaw Hall in Seattle on May 13, 2025.Gates Archive/Martina Machackova

Bill Gates had a question for the employees of his charitable foundation, which he recently announced will spend $200 billion to reduce disease and death among the world’s poorest. 

Recommended Video

“How do you get people to care?” the Microsoft founder asked at the Gates Foundation’s annual meeting this month. “We’re going to have to up our game quite a bit.”

Hundreds of Gates Foundation employees—many flown in from the foundation’s country offices in India, China, South Africa, and elsewhere—filled an amphitheater across the street from the world’s largest private philanthropy’s two-winged headquarters in Seattle. 

Bill Gates speaks onstage during the Gates Foundation Annual Meeting at McCaw Hall in Seattle, WA on May 13, 2025.
Gates Archive/Michael Hanson

This year’s event came at a remarkable moment: Employees had just learned that the operation they work for will no longer exist 20 years from now. On its 25th anniversary, the Gates Foundation announced that after doubling its spending in the next 20 years, it will shutter operations. The $200 billion it will spend is the largest philanthropic commitment in modern history.

Walking into the dimly lit auditorium, Gates received a standing ovation from the mezzanine down to the front row. “We are at an amazing milestone,” said the foundation’s cofounder. Gates began by celebrating the progress made in the foundation’s first quarter-century, including the reduction by half of childhood deaths, and successes fighting malaria, polio, and other infectious diseases. He teared up as he mentioned the people—his mother, father, fellow philanthropist Warren Buffett, and ex-wife and foundation cofounder Melinda French Gates—who have influenced him the most in his philanthropy.

The tone was far from triumphal, however. Even as Gates laid out the foundation’s big ambitions—including eradicating polio and malaria, and reducing deaths from tuberculosis and HIV/AIDS by 90%—he warned of how far there is to go, bemoaned the sector’s fragility, and said the recent drastic cuts to foreign aid from the United States and other top donor countries are already threatening the last two decades’ progress. 

“It’s going to take our very best work to get this reversed, our advocacy to get the resources restored,” Gates told the foundation’s staff. And he said, he’s looking for “amazing, low-cost innovation, so we can take what remains and actually get those figures going back in the right direction.” 

CEO Mark Suzman spoke for many when he expressed rage at the cuts in aid from wealthy countries. Gates and his foundation had made the decision to pursue these ambitious public health goals before the Trump administration’s gutting of the United States’ main international aid agency, USAID—and several other countries are also cutting their international aid budgets.

“Make no mistake, we are entering a new era, one in which, as you’ve heard, the world’s poorest people can no longer rely on strong, steady support from the world’s richest nations,” Suzman said. “It is okay to be frustrated… We never thought we’d have to fight so hard to justify the importance of our work.” But, he continued: “This is a fight we are ready for.”  

Reached after the gathering, one staff member at the foundation said that colleagues’ mood has been “pretty optimistic and enthusiastic” after the $200 billion announcement. “We are super energized thinking about what legacy building looks like and how we can work ourselves out of a job by building local capacity and empowering our partners to continue the mission,” the staffer wrote to Fortune. 

Suzman said the foundation’s goals have not changed. “When critical coalitions seem to crumble before our eyes, we cannot just shrink our ambitions,” he said. “When the very idea of hope for a better future starts to sound naïve or out of date, we must remind people that our optimism does not come easily. It has been hard-earned. It is not based on blind faith, but concrete, measurable results.” 

Gates asked his employees to reinvigorate their drive to achieve the foundation’s core mission, bring new partners along, and invest in the potential of AI to help alleviate poverty and play a key role in drug discovery. “I really believe, and I hope it’s not a naive belief, that we can achieve—despite the headwinds—even more over the next 20 years than we did in the first 25,” he said.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Author
By Alexa MikhailSenior Reporter, Fortune Well
LinkedIn iconTwitter icon

Alexa Mikhail is a former senior health and wellness reporter for Fortune Well, covering longevity, aging, caregiving, workplace wellness, and mental health.

See full bioRight Arrow Button Icon

Latest in Health

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Health

Redwood Outdoors Duo Sauna Review (2026): Our Honest Experience
HealthDietary Supplements
Redwood Outdoors Duo Sauna Review (2026): Our Honest Experience
By Emily PharesJune 12, 2026
3 hours ago
A person holds an iPhone as someone next to them points at the screen.
EconomyApple iPhone
You can blame America’s plummeting fertility rate on the iPhone, study finds: ‘People are all depressed and alone and doomscrolling’
By Sasha RogelbergJune 12, 2026
10 hours ago
fda
HealthTobacco
Why is the FDA approving kid-friendly, fruit-flavored e-cigarettes?
By Matthew Perrone and The Associated PressJune 12, 2026
11 hours ago
Testosil Review (2026): Testosterone Supplement Reviewed
HealthDietary Supplements
Testosil Review (2026): Testosterone Supplement Reviewed
By Christina SnyderJune 11, 2026
21 hours ago
BrickHouse Nutrition Field of Greens Review (2026)
HealthDietary Supplements
BrickHouse Nutrition Field of Greens Review (2026)
By Emily PharesJune 11, 2026
21 hours ago
worm
HealthFood and drink
The pest that could devastate the American cattle industry was in Texas, but now it’s in New Mexico, too
By Jeffrey Collins and The Associated PressJune 9, 2026
3 days ago

Most Popular

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back
Environment
Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back
By Catherina GioinoJune 9, 2026
3 days ago
When SpaceX starts trading, some 'shareholders' will discover they own nothing at all
Investing
When SpaceX starts trading, some 'shareholders' will discover they own nothing at all
By Jim EdwardsJune 12, 2026
7 hours ago
Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
Energy
Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
By Sasha RogelbergJune 10, 2026
2 days ago
Current price of oil as of June 11, 2026
Personal Finance
Current price of oil as of June 11, 2026
By Joseph HostetlerJune 11, 2026
1 day ago
American taxpayers have spent $33 billion on sports stadiums. They got fewer seats—and higher prices
Success
American taxpayers have spent $33 billion on sports stadiums. They got fewer seats—and higher prices
By Catherina GioinoJune 11, 2026
23 hours ago
Meet the SpaceX employees who are set to become multimillionaires thanks to its IPO: from execs to even welders
Success
Meet the SpaceX employees who are set to become multimillionaires thanks to its IPO: from execs to even welders
By Preston ForeJune 11, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.