Melinda French Gates is already one of the biggest philanthropic supporters of gender equity in the United States. Now, her grantees hope she now poised to put another $12.5 billion toward intractable problems like closing the gender pay gap and increasing women’s political participation.
FILE - Co-chair of the Bill & Melinda Gates Foundation Melinda French Gates smiles as she leaves the Elysee Palace, June 23, 2023, in Paris. Melinda French Gates will step down as co-chair of the Bill & Melinda Gates Foundation, the nonprofit shone of the largest philanthropic foundations in the world that she helped her ex-husband Bill Gates found more than 20 years ago.
“This amount of money to be moved into a space, even with just a standard 5% draw, is going to be so significant,” said Teresa Younger, president and CEO of the Ms. Foundation for Women, which supports the women’s movement and the movement for gender equality in the U.S. The Ms.
Pivotal Ventures has targeted a number of avenues to increasing 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.
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