SEATTLE (AP) — 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.

READ MORE: 2022 Wawa Welcome America Festival Guide: Road Closures, Public Transportation Information

Mayor Kenney Visits Philly School With A Unique New Mission

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

READ MORE: CBS3 SummerFest: Catch The Ocean Breeze Without Sitting On Sand With Atlantic City Cruises

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.

MORE NEWS: CBS3's SummerFest Checks Out To Legendary Atlantic City Boardwalk Hall

(Copyright 2017 by The Associated Press. All Rights Reserved.)