Philanthropy Women

G4GC’s Dr. Monique Couvson Listed a Prestigious ‘Closer’ by TIME

G4GC’s Dr. Monique Couvson Named to TIME’s 2025 List of ‘The Closers’

Philanthropy Women is thrilled to announce that Dr Monique Couvson has been recognized and honored by TIME Magazine. She has been placed on the magazine’s list of “The Closers”. This prestigious award recognizes 25 Black leaders who are driving powerful change by working to close gaps in racial equity.

Monique Couvson, president and CEO of Grantmakers for Girls of Color. (Image credit: G4GC)

Dr. Couvson is the president and CEO of Grantmakers for Girls of Color (G4GC), the primary national philanthropic intermediary organization with an explicit focus on girls and gender-expansive youth of Color in the U.S. and territories. In the short span of four years, she has helped convene 100 funders, moved more than $26 million to 400 organizations, and developed four signature funds such as The Black Girl Freedom Fund, The New Songs Rising Initiative for indigenous girls, the Holding a Sister Initiative for trans girls of color, and the Love Is Healing Fund. In addition, she co-founded the #1Billion4BlackGirls campaign.

In the New Trump Era, It Matters More than Ever Where Women Live

Editor’s Note: Dear Readers, Please allow me to introduce our newest writer, David L. Jaffe. David is a fellow social worker, environmentalist, and an all-around great human. He has joined our small pool of male allies writing for Philanthropy Women. Please welcome David and give him lots of love for taking on the ultimate uphill battle by becoming a writer-activist feminist in these ultra-regressive times. I am confident David’s perceptive and insightful ways will contribute handily to Philanthropy Women’s discourse about women donors and their allies.

“Location, location, location”—it matters! Not just in the context of real estate but in the context of women’s health. Where you live in this country, the state you reside in, has a direct bearing on your overall health (both physical and mental); the care and support you can expect to receive; the accessibility and cost of that care; your reproductive rights and maternal care; and even the number of local health and wellness charities providing services and advocacy.

State University Receives Biggest Grant Ever–From A Woman

The University of Rhode Island received a gift of $65 million from the estate of the late Helen Izzi Schilling, a 1954 graduate of the University.

This is a transformational gift that will support scholarships for high-achieving students. It is the largest in the University’s history. Through a commitment made with her late husband, the gift establishes the Helen Izzi Schilling ’54 and Francis Schilling Scholars Program.

Tides Foundation is launching Resist Project 2025 in response to the US election results. (Image credit: Tides)

The endowed scholarship will provide up to $20,000 per year for four years to high-achieving undergraduate students majoring in a science, technology, engineering, or math field.

CARE’s Astonishing 900% Return on Investment for Global Women

CARE recently released the 2024 report of its Women’s Economic Justice (WEJ) team. Entitled Her Money Her Future, the report confirmed that women are both good investors and a good investment.

Savings group members in Malawi, part of the Digital CARE Package program
with Mudzi Wathu Village Bank. (Image credit: CARE Report, Her Money, Her Future)

While CARE is famous for its aid programs, outside resources alone will not end global poverty. That will require internal resources created by the people who need the help. Most often women who suffer disproportionately from endemic poverty. Therefore WEJ works directly with women to help them start and run their own business.

The report shows that the results have been spectacular. CARE’s savings groups generated $9 in women’s income for every $1 invested.

Pivotal’s New $250 Million Open Call for Women’s Health Globally

This past year, we saw how the Biden-Harris administration made large new commitments to addressing women’s health, particularly health research on women. Today, another milestone for change in this arena took place as Pivotal, a Melinda French Gates organization, launched Action for Women’s Health, a $250 million global open call that will fund organizations around the world improving women’s mental and physical health.

“To fully exercise power over their lives, women need to be mentally and physically healthy. And yet, women’s health is being neglected everywhere,” said Melinda French Gates. “More than 1 billion women and girls suffer from malnutrition. Reproductive health care is being denied in the U.S. and other countries. And globally, a woman dies in childbirth every two minutes.”

New Initiative Launches to Bolster Support for Local Abortion Funds

The Frontline Repro Freedom Lab (FRFL) has been launched to provide critical funding and resources to abortion funds in neglected states. This new initiative was founded in response to the overturning of Roe being overturned by the US Supreme Court.

The Frontline Repro Freedom Lab has launched. (Image credit: FRFL website)

FRFL announced its first ventures in an exclusive article in The New Republic. This initiative will partner with Arkansas Abortion Support Network, Prairie Abortion Fund and the Wild West Access Fund of Nevada. These three funds provide desperately needed care for five states.

These organizations will receive grants, resources, and first hand practical expertise designed to build the organizational capacity of each group, which will allow them to maximize impact within their respective areas. The goal is to call for a collective effort that will allow more sustainable investment.

The Fearless Fund Has Been Taken Down. Who’s Next?

The Fearless Fund (FF) made the heartbreaking decision to end its grant program for companies owned by Black women. The program has been under attack from right-wing activists who claimed the program was discriminatory.

On June 3, 2024, the 11th Circuit Court ruled that the program was discriminatory and forced FF to suspend its Striver’s Grants program.

Ariana Simone and two young volunteers make the point about the impact of this ruling. (Image Credit: Fearless Fund Twitter Page)

As of September 11, 2024, Fearless Fund has chosen to settle the lawsuit by shutting down that program completely. Given the conservative super-majority on the US Supreme Court, with its record of hostility to Affirmative Action, FF decided that the best path forward was to find other ways to accomplish its mission.

US News Measures Global Gender Equality in Best Countries Report

US News & World Report Provides Important Data on Gender Equality in its Best Countries Rankings

The Best Country report from US News & World Report is in its ninth year. As part of its ranking, the report includes information on a country’s commitment to gender equality.

Denmark is ranked number one on the category of Social Purpose, of which Gender Equality Commitment is one indicator. (Screenshot of US News and World Report)

The results show that international support for gender equality remains strong all across the globe, despite generational gaps. The very good news is that 89% of respondents believe that women should have the same rights as men. Oddly, support for gender equality is stronger among those aged 46 and older, with 94% in favor.

How Trump’s Tax Policies Decreased Philanthropic Giving

According to the National Bureau of Economic Research (NBER) The Tax Cuts and Jobs Act (TCJA), signed into law in 2018 eliminated incentives for charitable giving for about 20% of US taxpayers.

One of the signature moves in the act was to increase the amount of the Standard Deduction to $25,000, which more or less doubled the threshold for itemizing deductions.

Taraji P. Henson has been given the AARP Purpose Prize. Read more below. (Image credit: Boris Lawrence Henson Foundation)

Overall, the reform decreased charitable giving by about $20 billion annually.

While many middle-class taxpayers give to charity such as a church, most are not able to give enough to put them over the threshold for itemizing deductions. In effect, the TCJA eliminated the incentive for making these donations. For middle-class taxpayers, this eliminated the incentive to give money to charity since these donations could no longer be used for itemized deductions from annual income tax payments.

Philanthropy Women and Kiersten Marek Featured in Time Magazine

In case anyone had doubts, Philanthropy Women is one of the world’s leading authorities on feminist giving. Time Magazine recently ran a story on the topic, and one of their major sources for the story was Kiersten Marek and the Philanthropy Women website.

Screenshot from Time Magazine, August 6th, 2024 edition.

The information presented in the opening paragraphs will be familiar to regular readers Philanthropy Women. The article cites both the World Bank and a McKinsey Report that have found that directing grants to women and girls can boost the overall world economy.

In addition, progressive-thinking countries like Sweden, Canada, and France have recently implemented feminist agendas to their giving in order to advance the cause of humanity.