Melinda French Gates announces her resignation as co-chair of the Bill & Melinda Gates Foundation, citing a desire to focus on her philanthropic work. She will receive $12.5 billion as part of her divorce settlement with Bill Gates, intending to channel it towards initiatives benefiting women and families. The foundation, now to be named the Gates Foundation, remains a significant force in global health and other social causes. French Gates’ departure prompts discussions about governance and power distribution within philanthropic organizations. CEO Mark Suzman expresses respect for French Gates’ contributions and her ongoing commitment to gender equity.