Gates Foundation concludes Epstein review, approves new governance measures
The Gates Foundation has concluded an external review regarding its past interactions with Jeffrey Epstein, finding no evidence of wrongdoing or knowledge of his criminal activities. The foundation has subsequently approved new governance and vetting measures to prevent future risks.
Why it matters
This concludes a high-profile internal investigation for a major philanthropic organization, resulting in significant changes to its operational governance.
The Gates Foundation has concluded its external review of its past engagements with Jeffrey Epstein, finding no evidence of wrongdoing while approving new governance measures.The review, conducted by law firm WilmerHale and commissioned by CEO Mark Suzman in March, found no evidence that Epstein was paid by the foundation or that staff had knowledge of his criminal activities. It confirmed the foundation's primary engagement with Epstein from 2011-2014 involved a proposed donor advised fund that was abandoned and grant funding to the International Peace Institute for polio eradication.The foundation's Governing Board unanimously approved new vetting and governance measures, including centralized vetting of brokers and donor advisors, an escalation process for organizational risks, enhanced conflict-of-interest policies, and stronger procedures for handling sensitive records."The review found no evidence that Epstein was paid by the foundation," the foundation said in a statement.
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