Current:Home > FinanceMelinda French Gates to donate $1B over next 2 years in support of women’s rights -Aspire Financial Strategies
Melinda French Gates to donate $1B over next 2 years in support of women’s rights
View
Date:2025-04-17 03:41:06
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! (66138)
Related
- $73.5M beach replenishment project starts in January at Jersey Shore
- Meet the artist whose job is to paint beach volleyball at the 2024 Olympics
- Olympic gymnastics highlights: Simone Biles wins gold in vault final at Paris Olympics
- A year after Maui wildfire, chronic housing shortage and pricey vacation rentals complicate recovery
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Shelly-Ann Fraser-Pryce scratches from 100m semifinal
- What that killer 'Trap' ending says about a potential sequel (Spoilers!)
- Never any doubt boxers Imane Khelif and Lin Yu-Ting are women, IOC president says
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Sept. 11 families group leader cheers restoration of death penalty option in 9-11 prosecutions
Ranking
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Intel shares slump 26% as turnaround struggle deepens
- Tropical Glaciers in the Andes Are the Smallest They’ve Been in 11,700 Years
- Aerosmith retires from touring, citing permanent damage to Steven Tyler’s voice last year
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Minnesota Settles ‘Deceptive Environmental Marketing’ Lawsuit Over ‘Recycling’ Plastic Bags
- Albuquerque police commander fired, 7th officer resigns in scandal involving drunken driving unit
- Mark Kelly may be Kamala Harris' VP pick: What that would mean for Americans
Recommendation
A South Texas lawmaker’s 15
Never any doubt boxers Imane Khelif and Lin Yu-Ting are women, IOC president says
Angelina Jolie Accuses Brad Pitt of Attempting to Silence Her With NDA
When does Simone Biles compete next? Olympics gymnastics schedule for vault final
New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
As recruiting rebounds, the Army will expand basic training to rebuild the force for modern warfare
Minnesota Settles ‘Deceptive Environmental Marketing’ Lawsuit Over ‘Recycling’ Plastic Bags
What to watch: Workin' on our Night moves