The Gates Foundation confirmed on Wednesday that it is reviewing its past ties to convicted sex offender Jeffrey Epstein, as its only remaining founder comes under increasing scrutiny over references in Justice Department documents linked to the investigation of the disgraced financier.
Microsoft founder Bill Gates reportedly spoke “candidly” about his relationship with Epstein during a February town hall at the foundation he co-founded with his ex-wife, Melinda French Gates. The external review represents the nonprofit’s most direct effort yet to confront associations that have raised questions amid its global work on reducing preventable maternal and child deaths and combating infectious diseases.
“In March, with the support of our chair, Bill Gates, and our independent Governing Board members, Gates Foundation CEO Mark Suzman commissioned an external review to assess past foundation engagement with Epstein, and our current policies for vetting and developing new philanthropic partnerships,” the Gates Foundation said in a statement.
The Wall Street Journal first reported the internal memo outlining the review.
The philanthropic giant has already undergone a period of change. The Gates Foundation shared plans in January to cap operating costs and incrementally cut as many as 500 positions, or about 20% of its staff, by 2030. The move follows last year’s announcement that the foundation would close in 2045, earlier than previously expected.
The Justice Department’s files include email correspondence between Gates and Epstein about philanthropic projects, calendar entries documenting dates they held meetings and photos of Gates at events attended by the two men. Gates has not been accused of any wrongdoing regarding their connection, denies knowledge of Epstein’s crimes and claims they met only to discuss philanthropy.
The foundation acknowledged that “a small number” of employees met with Epstein based on his “claims that he could mobilize significant philanthropic resources for global health and development” in a February statement. They never created a fund together and the foundation made no financial payments to Epstein, according to the previous release.
“The foundation regrets having any employees interact with Epstein in any way,” the statement read.
The files’ disclosures are being closely followed by one of the Gates Foundation’s earliest and most ardent supporters. Investor Warren Buffett, who donates a portion of his annual Berkshire Hathaway shares to the nonprofit, told CNBC’s “Squawk Box” last month that it’s clear “there was a lot I didn’t know.”
Buffett, who resigned as the foundation’s trustee in 2021, has completed his donation every year around the end of June. But he said he will “wait and see what unfolds” in the Justice Department’s documents and congressional hearings on their contents. He noted the foundation is “sitting” on a large endowment, which totals $86 billion, and said Gates has “plenty of his own money.”
“So, in any event, I’ll just wait and see. And there’s three and a half million, or whatever it is pages – I mean, it is astounding,” Buffett said of the Epstein files.
A Gates Foundation spokesperson described Buffet as “an extraordinarily generous partner” for nearly two decades in a statement Wednesday to The Associated Press.
“We are deeply grateful for his support, which has enabled us to accelerate progress on some of the world’s toughest challenges that would not otherwise have been possible,” the spokesperson said.
The Gates Foundation expects its board and management will receive an update on the Epstein review this summer. The third-party investigators have not been publicly named.
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