The wealthiest foundation in America has gotten $4.6 billion bigger as Bill Gates announced the transfer of that much in Microsoft stock to augment the philanthropy he runs with his wife, Melinda.
The transfer became publicly known on Monday via a document filed with the Securities and Exchange Commission.
The last time the technology mogul gave his foundation such a hefty sum was in 2000, when he donated stock then valued at $5 billion to create the Bill & Melinda Gates Foundation.
Foundation officials did not respond to The Chronicle’s requests to confirm where the shares were going. Federal filings do not require people transferring large amounts of stock to disclose the disposition of the funds. Typically, however, such notices are a key indication that new money is going to the foundation.
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