May 16, 2024 - 1:00pm

Melinda French Gates has this week further distanced herself from ex-husband Bill Gates, stepping down from the foundation the power couple built together over 25 years. It’s a major shake-up that signals growing instability in the world’s most influential charitable organisation, which spends $8 billion a year trying to remake how we feed, educate and medicate children around the world.

At the Bill & Melinda Gates Foundation — soon to be renamed the Gates Foundation — Melinda served as the face of nearly $12 billion in spending on “gender equality” initiatives, including work on family planning and contraceptive access. Hundreds of organisations, which employ thousands of people and in turn serve hundreds of millions of poor women around the globe, now face uncertainty around whether the Gates Foundation’s funding and priorities will change. It’s this kind of global reverberation, or liability, that has long raised questions about whether the foundation, with its $75 billion endowment, is simply too big or powerful for the greater good.

While Melinda French Gates has made empowering women her philanthropic focus, under her leadership the Gates Foundation struggled internally with institutional inequality. The foundation’s board of directors, for example, has been dominated by men since its formation. When Melinda officially departs next month, only two out of seven board members will be women.

If this imbalance is corrected, it seems unlikely it will be because the foundation cares about equality. Despite fierce PR efforts over the years to present Bill and Melinda as equivalent “co-chairs” of the foundation, they were never equal partners. Following their divorce in 2021, the foundation announced that if the two decided they could no longer work together, Melinda, not Bill, would step down.

Multi-billionaire investor Warren Buffett also stepped away from a top leadership position at the foundation in 2021, distancing himself from the scandals that engulfed Bill Gates in the aftermath of his divorce. The news media, though normally quite friendly to Gates, has taken a keen interest in unearthing the details of his association with sex offender Jeffrey Epstein, while also investigating allegations of Gates’s misconduct toward women. Gates denies any wrongdoing, but the allegations nevertheless diminished his moral authority around the world. And they invariably made Melinda French Gates’s work — trying to present the foundation as a champion for women — very difficult.

While French Gates and Buffett never were true equals with Bill Gates at the foundation, they nevertheless had significant influence — and were positioned to provide at least some level of checks and balances against the Microsoft founder. In the years ahead, we should expect the Gates Foundation, with two of its three top leaders gone, to operate in an increasingly unilateral manner, with a risk that Bill surrounds himself with people who depend on his wealth and who are terrified to challenge him. These are the makings of an emperor-has-no-clothes narrative — a storyline from which many critics are already reading.

Though Bill and Melinda Gates have long insisted that their foundation is a vital force for positive change, and though it generously funds academics and journalists who amplify this narrative, a growing body of independent experts, and some of the foundation’s own intended beneficiaries, argue that their philanthropy is doing more harm than good. Across the African continent, for example, farmer organisations are petitioning the foundation to stop its charitable crusade because it hasn’t delivered the yield increases and hunger reduction promised, and because it has crowded out better solutions. Over the past two decades, the foundation’s efforts to shape other fields, from public health to the pandemic to public education, have generated similar criticism: just because the Gates Foundation is giving away large sums of money does not mean it is helping the world.

It is a criticism that will follow Melinda French Gates as she embarks on her independent philanthropic career. Her separation agreement from the foundation entitles her to a $12.5-billion philanthropic fund of her own, which she will likely spend in ways that are indistinguishable from the Gates Foundation: namely, using charity to buy a seat at the decision-making table, to make her voice heard above others, and to exercise her influence over all manner of public policy. The word we should use to describe such activities is not philanthropy — it’s oligarchy.


Tim Schwab is an investigative journalist based in Washington DC and author of The Bill Gates Problem: Reckoning with the Myth of the Good Billionaire.

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