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bill gates donation, bill gates 20 billion

Wealth doesn't have to divide us.

One of the more frustrating and unsettling aspects of our time is the stark contrast between those who are impoverished and those who are wealthy. Since the beginning of the COVID-19 pandemic, billionaires have seen their fortunes astronomically surge as millions of ordinary people lost their homes, jobs and livelihoods. It’s enough to make one think we’re living out that famous passage from Dickens’ “A Tale of Two Cities.” It's a spring of hope for a lucky few—a winter of despair for the rest.

However, steps to narrow that troubling gap are being taken. Bill Gates just announced he would donate $20 billion to his foundation, increasing its annual spending potential.



According to a statement on the Bill & Melinda Gates Foundation website, the donation builds on his and Melinda French Gates’ $15 billion commitment made in summer of 2021 along with a previous $3.1 billion gift from Warren Buffet. The total endowment has now reached approximately $70 billion, marking a 50% increase over pre-pandemic levels.

In his personal Gates Notes blog, the Microsoft co-founder described the “significant suffering” brought on by the pandemic and the invasion of Ukraine, noting how progress had been severely halted in health, education, climate mitigation, financial improvement and gender equality. And yet, the “incredible heroism and sacrifice” seen from people all over the world keeps him “optimistic” and believing that “progress is possible.”

“I hope by giving more, we can mitigate some of the suffering people are facing right now and help fulfill the foundation’s vision to give every person the chance to live a healthy and productive life,” his statement read.

French Gates added, “Philanthropy has a unique role to play in helping people around the world recover from the pandemic and rebuild the underlying systems that left so many so vulnerable to begin with.” The additional spending would help provide a more “fair and inclusive recovery.”
bill gates donates, bill gates 20 billion,

The graph shows the Gates Foundation's historical and projected spending up to 2026.

pbs.twimg.com

The donation will aid to innovate:

  • Pandemic prevention, eradicating diseases and reducing childhood deaths with improved vaccines
  • Food security and climate adaptation through incorporating a new generation of seeds and providing farmers with cell phones
  • Gender equality by providing women better access to contraceptives and financial empowerment
  • Educational outcomes by equipping students with computers
  • Climate change mitigation by inventing new ways of making products that eliminate emissions at low costs

Gates is currently the world’s fourth wealthiest individual. But helping others is far more important to him than holding onto that coveted title. "I will move down and eventually off of the list of the world's richest people," Gates wrote. "I have an obligation to return my resources to society in ways that have the greatest impact for improving lives. I hope others in positions of great wealth and privilege will step up in this moment too."

Whether the world could use less billionaires or not can be a heated debate, but the importance of generosity is a fairly universal virtue. Wealth can unite, rather than divide.

All images provided by Bombas

We can all be part of the giving movement

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We all know that small acts of kindness can turn into something big, but does that apply to something as small as a pair of socks?

Yes, it turns out. More than you might think.

A fresh pair of socks is a simple comfort easily taken for granted for most, but for individuals experiencing homelessness—they are a rare commodity. Currently, more than 500,000 people in the U.S. are experiencing homelessness on any given night. Being unstably housed—whether that’s couch surfing, living on the streets, or somewhere in between—often means rarely taking your shoes off, walking for most if not all of the day, and having little access to laundry facilities. And since shelters are not able to provide pre-worn socks due to hygienic reasons, that very basic need is still not met, even if some help is provided. That’s why socks are the #1 most requested clothing item in shelters.

homelessness, bombasSocks are a simple comfort not everyone has access to

When the founders of Bombas, Dave Heath and Randy Goldberg, discovered this problem, they decided to be part of the solution. Using a One Purchased = One Donated business model, Bombas helps provide not only durable, high-quality socks, but also t-shirts and underwear (the top three most requested clothing items in shelters) to those in need nationwide. These meticulously designed donation products include added features intended to offer comfort, quality, and dignity to those experiencing homelessness.

Over the years, Bombas' mission has grown into an enormous movement, with more than 75 million items donated to date and a focus on providing support and visibility to the organizations and people that empower these donations. These are the incredible individuals who are doing the hard work to support those experiencing —or at risk of—homelessness in their communities every day.

Folks like Shirley Raines, creator of Beauty 2 The Streetz. Every Saturday, Raines and her team help those experiencing homelessness on Skid Row in Los Angeles “feel human” with free makeovers, haircuts, food, gift bags and (thanks to Bombas) fresh socks. 500 pairs, every week.

beauty 2 the streetz, skid row laRaines is out there helping people feel their beautiful best

Or Director of Step Forward David Pinson in Cincinnati, Ohio, who offers Bombas donations to those trying to recover from addiction. Launched in 2009, the Step Forward program encourages participation in community walking/running events in order to build confidence and discipline—two major keys to successful rehabilitation. For each marathon, runners are outfitted with special shirts, shoes—and yes, socks—to help make their goals more achievable.

step forward, helping homelessness, homeless non profitsRunning helps instill a sense of confidence and discipline—two key components of successful recovery

Help even reaches the Front Street Clinic of Juneau, Alaska, where Casey Ploof, APRN, and David Norris, RN give out free healthcare to those experiencing homelessness. Because it rains nearly 200 days a year there, it can be very common for people to get trench foot—a very serious condition that, when left untreated, can require amputation. Casey and Dave can help treat trench foot, but without fresh, clean socks, the condition returns. Luckily, their supply is abundant thanks to Bombas. As Casey shared, “people will walk across town and then walk from the valley just to come here to get more socks.”

step forward clinic, step forward alaska, homelessness alaskaWelcome to wild, beautiful and wet Alaska!

The Bombas Impact Report provides details on Bombas’s mission and is full of similar inspiring stories that show how the biggest acts of kindness can come from even the smallest packages. Since its inception in 2013, the company has built a network of over 3,500 Giving Partners in all 50 states, including shelters, nonprofits and community organizations dedicated to supporting our neighbors who are experiencing- or at risk- of homelessness.

Their success has proven that, yes, a simple pair of socks can be a helping hand, an important conversation starter and a link to humanity.

You can also be a part of the solution. Learn more and find the complete Bombas Impact Report by clicking here.

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