Current:Home > StocksMelinda French Gates to donate $1B over next 2 years in support of women’s rights -WealthGrow Network
Melinda French Gates to donate $1B over next 2 years in support of women’s rights
View
Date:2025-04-24 16:48:28
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! (9381)
Related
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Calvin Harris’ Wife Vick Hope Admits She Listens to Taylor Swift When He’s Gone
- Kristen Doute Sent This Bizarre Text to The Valley Costar After Racism Allegations
- Solar flares reported during total eclipse as sun nears solar maximum. What are they?
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Louisiana proposes bill similar to Texas’ migrant arrest law
- Taylor Swift, Khloe Kardashian, Bonnie Tyler and More Stars React to 2024 Solar Eclipse
- What does a solar eclipse look like from Mars? NASA shares photos ahead of April 8 totality
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Explosive device thrown onto porch of Satanic Temple in Massachusetts, no injuries reported
Ranking
- Former Syrian official arrested in California who oversaw prison charged with torture
- A man accused of setting a fire outside Bernie Sanders’ office stayed at an area hotel for weeks
- Detroit-area landlord to pay $190K to settle claims of sexual harassment against women
- 'Mary & George' fact check: Did he really love King James? And what about all the orgies?
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Broken record: March is 10th straight month to be hottest on record, scientists say
- Calvin Harris’ Wife Vick Hope Admits She Listens to Taylor Swift When He’s Gone
- Broken record: March is 10th straight month to be hottest on record, scientists say
Recommendation
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
Can cats get bird flu? How to protect them and what else to know amid the outbreak
'American Idol' recap: Jelly Roll cries as he grieves with teen contestant Mia Matthews
NCAA Tournament winners, losers: Kamilla Cardoso, Tessa Johnson shine; refs disappoint
How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
Norfolk Southern agrees to pay $600 million for East Palestine, Ohio, train derailment
Maryland governor and members of Congress to meet to discuss support for rebuilding collapsed bridge
Out of this World ... Series. Total solar eclipse a spectacular leadoff for Guardians’ home opener