Omaha, Nebraska – Billionaire philanthropist Warren Buffett has revealed his intention to discontinue further financial support to the Bill & Melinda Gates Foundation after his passing. Having already donated over $39 billion to the foundation in the span of 15 years, Buffett’s decision marks a significant shift in the future of his charitable contributions.

During an interview with the Wall Street Journal, Buffett stated that his will does not include any provisions for continued funding to the Gates Foundation posthumously. With an estimated wealth of $127 billion, Buffett plans to leave the remainder of his assets to a charitable trust overseen by his three children – Howard, Susie, and Peter.

While leaving the door open for his children to decide on charitable allocations, Buffett expressed confidence in their ability to uphold his values and principles. He emphasized that his offspring would play a key role in determining how his billions would be utilized in the philanthropic space.

Buffett’s decision comes as the financial landscape of the Gates Foundation faces uncertainty, following the departure of Melinda French Gates and the recent donation of 9.9 million shares of Berkshire Hathaway stock worth $4 billion. This move represents Buffett’s ongoing support to the foundation, despite his decision to cease further donations through his will.

The Gates Foundation, led by CEO Mark Suzman, has a long-standing history of disbursing grants to combat global poverty and eradicate diseases like malaria. Buffett’s contributions since joining as a trustee in 2006 have been instrumental in advancing the foundation’s mission.

As the charitable sector navigates these changes, stakeholders are closely monitoring how Buffett’s decision will impact the future trajectory of the Gates Foundation. With the foundation facing recent challenges, including Melinda French Gates stepping down to focus on advocacy work, the future direction of the organization remains uncertain.