Follow CBSMIAMI.COM: Facebook | Twitter

SEATTLE (AP) — Bill Gates says he’s giving $50 million to help fight Alzheimer’s disease.

READ MORE: Miami Weather: Temps In The 30s This Weekend

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.

READ MORE: Possibility Of New Surfside Building Has Residents Worried

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: South Florida Winn Dixie & Fresco y Mas Pharmacies Expect To Get N95 Masks On Friday

(© Copyright 2017 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)