Bill Gates gives $50 million to combat Alzheimer’s

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

Bill & Melinda Gates Foundation co-founder Bill Gates speaks speaks at Goalkeepers 2017, at Jazz at Lincoln Center on September 20, 2017 in New York City. (Jamie McCarthy/Getty Images for Bill & Melinda Gates Foundation)

SEATTLE  — Bill Gates says he's giving $50 million to help fight Alzheimer's disease.

The Microsoft co-founder said Monday that the donation to the Dementia Discovery Fund is personal and not through his charitable foundation.

The London-based private fund is backed by government, charities and pharmaceutical firms and seeks new treatments for the progressive, irreversible neurological disease.

In a statement, Gates says men in his family have suffered from Alzheimer's. He says he's hopeful that in time Alzheimer's could be a chronic condition treatable with medication.

Gates says the first treatments for the disease might not be feasible for a decade or more and would initially be expensive. He says the Gates Foundation might consider how to expand access in poorer countries when treatments are developed.