Here at Philanthropy Women, we are primarily concerned with how gender equality movements are being cultivated through charitable giving. However, we occasionally like to step out of our silo and bring in news about how gender equality can be fostered through our collective distribution systems known as governments.
Which is why, today, we want to talk about Elizabeth Warren’s proposed ‘Wealth Tax’. According to Nancy L. Cohen, author, historian and thought leader on gender and American politics, “Warren’s wealth tax would be a massive investment in gender equity.”
“Senator Warren’s proposed wealth tax is a massive investment in gender equality – and if enacted, would be a gamechanger for women and girls across the US,” said Cohen, further describing the tax plan as a “bold investments in universal childcare and early education” that would “raise wages for childcare workers” and “unleash the potential of American women – increasing workforce participation and helping to close the gender wage gap.”
Melinda Gates Commits $1 Billion to Gender Equity in the U.S. : It’s a good day for funding women when one of the richest women in the world declares she will invest $1 billion over ten years (still not enough!) in new efforts to address gender equality. Not surprisingly, Melinda lays awake at night worrying about many of the same things I worry about:
Here’s what keeps me up at night: I imagine waking up one morning to find that the country has moved on. That the media has stopped reporting on systemic inequalities. That diversity remains something companies talk about instead of prioritizing. That all of this energy and attention has amounted to a temporary swell instead of a sea change.
The first day of WomenFunded2019 just wrapped up. With electrifying energy, the 400 people in attendance today engaged with a wide range of issues and topics. Here are some highlights.
MONEY: Where is the Money Going? How Philanthropists, Corporate Leaders, and Investors are Advancing Gender Equity
The panelists spoke from a personal perspective on how they became invested in gender equality. Many spoke of early life experiences of inequality that left a indelible mark. Pamela Shifman, Executive Director of the NoVo Foundation, shared about witnessing domestic violence experiences of friends as a child and young adult and remembered thinking, “This can’t be the reality of so many people I love.”
And why does it matter? you ask. Why am I prying into the business of a private marriage on Philanthropy Women? Well, as it turns out, we now know that the answer to the question — did MacKenzie Bezos get a fair divorce settlement? — has huge implications for philanthropy. MacKenzie Bezos is one of the newest signatories of the Giving Pledge, committing to give away at least 50% of her assets while living.
Divorcing in a community property state like Washington, where all resources are considered jointly owned in a marriage, MacKenzie was eligible to get as much as $69 billion. Much of the talk before the Bezos divorce was final speculated that it could come out as a 50/50 split, with MacKenzie getting an equal amount. The actual number — $37 billion — is quite a bit smaller than that. Of the $137.2 billion estimated net worth of Jeff Bezos, $37 billion is only 26.9% of that. A far cry from a 50/50 split.