The cause for which Bill Gates reaffirms his commitment - Forbes Spain

The cause for which Bill Gates reaffirms his commitment – Forbes Spain

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Four years ago, Bill Gates led a project in which he and a few other billionairesincluding Jeff Bezos and MacKenzie Scott, pledged thirty million dollars to create a new engine within an Alzheimer’s foundation in order to speed up the development of tests that could diagnose the disease. That funding was later increased to $50 million.

Now, the Alzheimer’s Drug Discovery Foundation has announced a $50 million new funding commitment from previous donors, like Gates, Bezos, the former president of Estee Lauder, Leonard Lauder (founder of the foundation with his brother Ronald); and the family of the late Ray Dolby, as well as some new donors, money that will support the next phase of their efforts to improve Alzheimer’s screening. Donations to the Alzheimer’s Drug Discovery Foundation are “venture philanthropy.” Any financial returns the investments receive will go back into the foundation, rather than into the pockets of donors.

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