Current:Home > FinanceMelinda French Gates to donate $1B over next 2 years in support of women’s rights -TrueNorth Capital Hub
Melinda French Gates to donate $1B over next 2 years in support of women’s rights
View
Date:2025-04-20 03:00:48
Melinda French Gates says she will be donating $1 billion over the next two years to individuals and organizations working on behalf of women and families globally, including on reproductive rights in the United States.
French Gates earlier this month announced she would step down from the Bill & Melinda Gates Foundation, and vowed to focus on women and families.
French Gates, one of the biggest philanthropic supporters of gender equity in the U.S., said Tuesday in a guest essay for The New York Times that she’s been frustrated over the years by people who say it’s not the right time to talk about gender equality.
“Decades of research on economics, well-being and governance make it clear that investing in women and girls benefits everyone,” she wrote.
French Gates touched upon the high maternal mortality rates in the U.S., noting that Black and Native American mothers are at the highest risk.
“Women in 14 states have lost the right to terminate a pregnancy under almost any circumstances. We remain the only advanced economy without any form of national paid family leave. And the number of teenage girls experiencing suicidal thoughts and persistent feelings of sadness and hopelessness is at a decade high,” she said.
French Gates said over the last few weeks she’s started directing new grants through her organization, Pivotal Ventures, to groups working in the U.S. to protect women’s rights and advance their power and influence. The groups include the National Women’s Law Center, the National Domestic Workers Alliance and the Center for Reproductive Rights.
French Gates’ Pivotal Ventures is a limited liability company that also manages investments for profit ventures, so there is little public information about its grantmaking or the assets it manages. Pivotal Ventures has focused on a number of avenues to increase women’s economic and political participation and power, like closing the wage gap, compensating care work often done by women, and encouraging women to run for political office.
Looking ahead, French Gates plans to introduce a $250 million initiative in the fall that will concentrate on improving the mental and physical health of women and girls worldwide.
French Gates will be leaving the Bill & Melinda Gates Foundation next week. She helped co-found the organization nearly 25 years ago.
The Associated Press receives financial support for news coverage in Africa from the Bill & Melinda Gates Foundation and for news coverage of women in the workforce and state governments from Pivotal Ventures.
The Bill & Melinda Gates Foundation will change its name to the Gates Foundation. It is one of the largest philanthropic organizations in the world. As of December 2023, its endowment was $75.2 billion, thanks to donations from Gates and the billionaire investor Warren Buffett. While it works across many issues, global health remains its largest area of work, and most of its funding is meant to address issues internationally rather than in the U.S.
veryGood! (6331)
Related
- The Grammy nominee you need to hear: Esperanza Spalding
- Katy Perry and Orlando Bloom's PDA-Filled 2024 MTV VMAs Moments Will Have You Feeling Wide Awake
- Taylor Swift stuns on VMAs red carpet in punk-inspired plaid corset
- Top moments from the VMAs: Taylor's big night and Sabrina Carpenter kissed an alien
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- The New Lululemon We Made Too Much Drops Start at $29 -- But They Won't Last Long
- Tyreek Hill: I could have 'been better' during police interaction before detainment
- How Taylor Swift and Travis Kelce Reacted to Jason Kelce Discussing His “T-ts” on TV
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Margot Robbie makes rare public appearance amid pregnancy reports: See the photos
Ranking
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Déjà vu: Blue Jays' Bowden Francis unable to finish no-hitter vs. Mets
- Taylor Swift endorsed Kamala Harris. Donald Trump says he prefers Brittany Mahomes. Why?
- Madison LeCroy Says Your Makeup Will Last Until Dawn With This Setting Spray, Even if You Jump in a Lake
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- University of Mississippi official and her husband are indicted on animal cruelty charges
- Arizona’s 2-page ballots could make for long lines on Election Day
- How Taylor Swift Surpassed Beyoncé’s MTV VMAs Record
Recommendation
A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
Pac-12 to add Boise St., Fresno St., San Diego St., Colorado St. in 2026, poaching Mountain West
Coach Outlet Bags & Wallets Under $100—Starting at $26, Up to 75% Off! Shop Top Deals on Bestsellers Now
Billionaire Jared Isaacman and crew complete historic spacewalk: 'Looks like a perfect world'
The 401(k) millionaires club keeps growing. We'll tell you how to join.
Why Travis Kelce Didn't Join Taylor Swift at the 2024 MTV VMAs
Michigan leaders join national bipartisan effort to push back against attacks on the election system
Debate was an ‘eye opener’ in suburban Philadelphia and Harris got a closer look