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"For years I have been a trustee – an inactive trustee at that –
of only one recipient of my funds, the Bill and Melinda Gates
Foundation. I am now resigning from that post, just as I have
done at all corporate boards other than Berkshire's," Buffett
said in a statement.
Bill Gates and his wife Melinda, co-founders of the foundation,
filed for divorce in May after 27 years of marriage but pledged
to continue their philanthropic work together.
The 21-year-old foundation has become one of the most powerful
and influential forces in global public health, spending more
than $50 billion over the past two decades to bring a business
approach to combating poverty and disease.
Last year, Buffett reported donating more than $2 billion of
stock in his investment vehicle, Berkshire Hathaway Inc, to the
Gates Foundation as part of previously announced plans to give
away his entire fortune before his death.
The 90-year-old also said he was pledging $4.1 billion to
philanthropy.
(Reporting by Eva Mathews in Bengaluru; Editing by Anil D'Silva)
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