Sue Moss speaks to the Associated Press about the Bill and Melinda Gates divorce and how it could have a major impact on the philanthropic world.
Associated Press News: Bill and Melinda Gates divorce could shake up philanthropy
Bill and Melinda Gates’ sudden divorce elicited widespread concern over how their many financial and charitable endeavors would be separated. As the Bill and Melinda Gates Foundation has an endowment of almost $50 billion, the breakup could have major ramifications on the philanthropic world.
In conversation with the Associated Press, high-power divorce attorney Susan Moss eased fears over how the divorce may affect the couple’s pledge to donate their wealth to the foundation.
She shares her insight on the “three-pronged test” that determines how divorce proceedings play out in connection to philanthropic commitments.
Bill and Melinda Gates’ sudden divorce elicited widespread concern over how their many financial and charitable endeavors would be separated. As the Bill and Melinda Gates Foundation has an endowment of almost $50 billion, the breakup could have major ramifications on the philanthropic world.
In conversation with the Associated Press, high-power divorce attorney Susan Moss eased fears over how the divorce may affect the couple’s pledge to donate their wealth to the foundation.
She shares her insight on the “three-pronged test” that determines how divorce proceedings play out in connection to philanthropic commitments.
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