Current:Home > StocksMelinda French Gates to donate $1B over next 2 years in support of women’s rights -Prosperity Pathways
Melinda French Gates to donate $1B over next 2 years in support of women’s rights
View
Date:2025-04-17 02:28:50
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! (76116)
Related
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Biden's FCC takes aim at early termination fees from pay-TV providers
- Witnesses describe vehicle explosion at U.S.-Canada border: I never saw anything like it
- NFL's John Madden Thanksgiving Celebration will see tributes throughout tripleheader
- DoorDash steps up driver ID checks after traffic safety complaints
- Lawsuit blaming Tesla’s Autopilot for driver’s death can go to trial, judge rules
- EU sends border police reinforcements to Finland over fears that Russia is behind a migrant influx
- More than 43,000 people went to the polls for a Louisiana election. A candidate won by 1 vote
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Railyard explosion, inspections raise safety questions about Union Pacific’s hazmat shipping
Ranking
- Current, future North Carolina governor’s challenge of power
- Olympic runner Oscar Pistorius up for parole Friday, 10 years after a killing that shocked the world
- Jamie Foxx accused of 2015 sexual assault at a rooftop bar in new lawsuit
- US electric vehicle sales to hit record this year, but still lag behind China and Germany
- What do we know about the mysterious drones reported flying over New Jersey?
- CSX promises Thanksgiving meals for evacuees after train derails spilling chemicals in Kentucky town
- A salary to be grateful for, and other Thanksgiving indicators
- The 2024 Canoo Lifestyle Vehicle rocks the boat in our first drive review
Recommendation
Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
Lululemon Black Friday 2023: Score a $29 Sports Bra, $39 Leggings, $59 Shoes & More
The EU Overhauls Its Law Covering Environmental Crimes, Banning Specific Acts and Increasing Penalties
OxyContin maker’s settlement plan divides victims of opioid crisis. Now it’s up to the Supreme Court
Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
The 15 Best Black Friday 2023 Tech Deals That Are Too Good to Be True: Bose, Apple & More
Salty much? These brain cells decide when tasty becomes blech
Detroit Lions' Thanksgiving loss exposes alarming trend: Offense is struggling