Current:Home > MarketsMelinda French Gates to donate $1B over next 2 years in support of women’s rights -AssetLink
Melinda French Gates to donate $1B over next 2 years in support of women’s rights
View
Date:2025-04-18 15:29:42
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! (174)
Related
- DoorDash steps up driver ID checks after traffic safety complaints
- Hot air balloon lands on Vermont highway median after being stalled in flight
- UAW members practice picketing: As deadline nears, autoworkers are 'ready to strike'
- Bray Wyatt was a creative genius who wasn't afraid to take risks, and it more than paid off
- The White House is cracking down on overdraft fees
- A Florida woman returned a book to a library drop box. It took part of her finger, too.
- NFL preseason games Saturday: TV, times, matchups, streaming, more
- Storms are wreaking havoc on homes. Here's how to make sure your insurance is enough.
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- 3 men exonerated in NYC after case reviews spotlighted false confessions in 1990s
Ranking
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Charges dropped against man accused of fleeing police in a high-speed chase that killed a bystander
- Entire Louisiana town under mandatory evacuation because of wildfire
- Woman allegedly kidnapped by fake Uber driver rescued after slipping note to gas station customer
- Former Syrian official arrested in California who oversaw prison charged with torture
- Why This Mercury Retrograde in Virgo Season Isn't So Bad
- Yevgeny Prigozhin, Wagner chief purportedly killed in plane crash, a man of complicated fate, Putin says
- The secret entrance that sidesteps Hollywood picket lines
Recommendation
Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
Storms are wreaking havoc on homes. Here's how to make sure your insurance is enough.
NASCAR at Daytona summer 2023: Start time, TV, streaming, lineup for Coke Zero Sugar 400
Maui County sues Hawaiian Electric Co. for damages from disastrous fires
Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
AP Election Brief | What to expect in Mississippi’s runoff primaries
Las Vegas Aces celebrated at White House for WNBA championship
Estonia’s pro-Ukrainian PM faces pressure to quit over husband’s indirect Russian business links