Gates, Dalio Join Forces With Temasek in Philanthropic Push (1)

Foundations led by some of the world’s richest families are partnering with Temasek Trust to form a philanthropic group with more than $200 million in initial funding.

Founding core members include the philanthropic arms of Bill Gates and his ex-wife Melinda, Ray Dalio, Li Ka-Shing, as well as four companies of Indonesia’s Widjaja family and the Tanoto Foundation, Temasek Trust Chairman Ho Ching said Friday at the Philanthropy Asia Summit 2022 in Singapore.

The city-state has been pushing the wealthy to donate more in an effort to tackle rising inequality. It’s reviewing its tax incentive plans to encourage family offices ...