Current:Home > InvestMelinda French Gates to donate $1B over next 2 years in support of women’s rights -CapitalCourse
Melinda French Gates to donate $1B over next 2 years in support of women’s rights
View
Date:2025-04-18 04:18:32
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! (56743)
Related
- South Korean president's party divided over defiant martial law speech
- 5 dead, including one child, after 2 private planes collide in northern Mexico
- The chairman of Hong Kong’s leading journalist group gets jail term for obstructing a police officer
- China goes on charm offensive at Asian Games, but doesn’t back down from regional confrontations
- Travis Hunter, the 2
- Thailand receives the first Chinese visitors under a new visa-free policy to boost tourism
- Inch by inch, Ukrainian commanders ready for long war: Reporter's notebook
- NFL Week 3 winners, losers: Josh McDaniels dooms Raiders with inexcusable field-goal call
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Coast Guard searching for woman swept into ocean from popular Washington coast beach
Ranking
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Egypt sets a presidential election for December with el-Sissi likely to stay in power until 2030
- Video shows California deputy slamming 16-year-old girl to the ground outside football game
- Former environment minister in Albania sentenced to prison in bribery case
- Louvre will undergo expansion and restoration project, Macron says
- Dane Cook Marries Kelsi Taylor in Hawaiian Wedding Ceremony
- Joe Burrow starts for Bengals vs. Rams after being questionable with calf injury
- Pretty Little Liars' Torrey DeVitto Is Engaged to Jared LaPine: See Her Gorgeous Ring
Recommendation
The White House is cracking down on overdraft fees
Hollywood strike hits tentative agreement, aid to Ukraine, heat impact: 5 Things podcast
Russian drone strikes on Odesa hit port area and cut off ferry service to Romania
Savannah Chrisley Says She's So Numb After Death of Ex-Fiancé Nic Kerdiles
Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
Hollywood writers, studios reach tentative deal to end strike
Prominent Thai human rights lawyer accused of insulting the king receives a 4-year prison term
'Murder in Apt. 12': About Dateline's new podcast unpacking the killing of Arkansas beauty queen