Current:Home > FinanceMelinda French Gates to donate $1B over next 2 years in support of women’s rights -Pinnacle Profit Strategies
Melinda French Gates to donate $1B over next 2 years in support of women’s rights
View
Date:2025-04-12 07:58:33
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! (28412)
Related
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Woman was among victims on famed 17th century warship that sank on maiden voyage, DNA shows
- Vanderpump Rules’ Scheana Shay Denies Punching Liar and a Cheat Raquel Leviss
- Andrew Tate moved to house arrest in Romania after months in police custody
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- U.S. drone strike in Syria kills ISIS leader who was plotting attacks in Europe, U.S. military says
- Farmer Wants a Wife Stars Reveal the Hardest Part of Dating—and It Involves Baby Cows
- House Republicans subpoena Blinken for dissent cable on Afghanistan withdrawal
- Senate begins final push to expand Social Security benefits for millions of people
- Jason Sudeikis Is a Soccer Dad in Training Thanks to His and Olivia Wilde's Son Otis
Ranking
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- How Raquel Leviss Tried to Apologize to Ariana Madix Amid Tom Sandoval Affair Claim, According to Source
- Supreme Court Rules Cheerleader's F-Bombs Are Protected By The 1st Amendment
- Pregnant TikToker Abbie Herbert Shares Why She's Choosing to Have a C-Section
- A South Texas lawmaker’s 15
- Richard Branson's Virgin Orbit to cut 85% of its workforce
- E3 Event Brought Gamers Some Big News — And A Glimpse Of That 'Zelda' Sequel
- Penn Badgley Teases the Future of You After Season 4
Recommendation
What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
Why Marketing Exec Bozoma Saint John Wants You to Be More Selfish in Every Aspect Of Your Life
Black TikTok Creators Are On Strike To Protest A Lack Of Credit For Their Work
Latvian foreign minister urges NATO not to overreact to Russia's plans for tactical nukes in Belarus
Senate begins final push to expand Social Security benefits for millions of people
Ukraine fumes as Russia assumes presidency of the United Nations Security Council
A New Way To Understand Automation
Stung By Media Coverage, Silicon Valley Starts Its Own Publications