Bill & Melinda Gates Foundation to increase annual payout to 9 billion USD

New York, July 13 (Xinhua) -- The Bill & Melinda Gates Foundation announced Wednesday its intent to increase its annual payout to 9 billion U.S. dollars by 2026, a 50 percent rise over its pre-pandemic levels.

A press release from the foundation said the foundation's board of trustees is fully aligned with the plan to increase the annual payout, which will enable the foundation's partners to accelerate pandemic recovery and regain ground in existing focus areas.