Much celebration and excitement accompanied Melinda Gates’s recent announcement that she will devote $1 billion in new funding to women and girls over the next ten years.
There is good reason to be excited. This new funding will be disbursed by Pivotal Ventures, the investment and incubation company founded by Melinda Gates in 2015. Pivotal Ventures is going to do things differently, it seems, with the ability to come in with either philanthropic or investment capital. Perhaps Melinda chose to start a new company for this work because she realized it would be easier to start from scratch and be less confined by other Gates organizations in philanthropy or business.
Mary Robinson, former President of Ireland, provided the keynote address for Women Funding Network’s conference, Leadership for a Changing World, held in San Francisco in September. With a message of urgency about our climate crisis combined with a call for more women’s leadership, Robinson brought the audience to their feet with applause for her words.
“Unless women take leadership in dealing with the climate crisis, then all the other issues, and I fully believe in the intersectionality of all the other issues, but all the other issues will actually fade, because we won’t have a livable world for our children and grandchildren,” said Robinson. “It’s as simple as that, and as stark as that, and as real as that, and that’s why it’s so important that women are now taking that leadership.”
The Women & Money Summit is less than a month away, so now is the time to reserve your seat. Feminist strategists Tuti B. Scott and Marianne Schnall are bringing together leaders from finance and social justice to finds ways to grow the synergy between gender lens investing and gender lens grantmaking.
On September 16-17, Women & Money: Making Money Moves that Matter is bringing these leader together in Austin, Texas to engage in strategic talks about how to accelerate progress for gender equality across finance and investing as well as social policy. The goal is to figure out what it will take to get more people aligned with donating, investing, and taking action for gender equality in all segments of society.
“Too few girls have the chance to make decisions about any aspect of their lives – whether they can stay in school, whether and what they can study, when or who they marry, accessing health care, and if and where they can see friends,” Swatee Deepak, director of With and For Girls (WFG) says. WFG is a funding collaborative that seeks to shift the scales of power in teen girls’ favor. It gives financial support to girl-led and -centered groups around the world and engages young women in participatory grantmaking panels. This means, every year, former winning organizations train teen girls to choose the next prize recipients. As we’ve pointed out, girls and young women ages 10 to 24 make up 12.5% of the world’s population — around 900 million people total. But, less than 2 cents of every international aid dollar goes to campaigns directed toward girls in this age group.
It’s time to change the way we think and talk about gender.
For many of us — women, members of the LGBTQIA+ community, people of color, and others — the last few years have been difficult to digest. There are too many significant human rights issues happening in our country today to easily decide which to give priority.
In response, the voices of activists, philanthropists, and organizations in this social and political climate are louder than ever before. Together, funders and campaigners are making strides to support the causes they believe in, finding new platforms and new opportunities for growth every day. We’ve made progress in legislation, but at the same time, we’ve seen massive legal backslides — like laws barring transgender people from certain bathrooms and abortion bans in nine states — that make it difficult to celebrate our progress.
The powerful video encapsulating the new mission of “The Collective” speaks to women around the world. As Wasserman Media Group’s newest initiative to support the advancement of female athletes and entertainers, The Collective is an agency focused on change.
Wasserman unveiled the new initiative on July 13. The Collective is a new division of the company dedicated to women’s representation, and it formalizes the media mogul’s long-standing commitment to the cause.
“The Collective is being launched to raise the visibility of women in sports, entertainment, and culture,” reads the press release. The new division will deliver “unique strategy, insights, and ideas for talent, brands, and properties focused on empowering and speaking to women.”
On June 25, 2019, Mayo Clinic announced its upcoming grant from The George Family Foundation to fund the all-new Center for Women’s Health. The center aims to combat some of the problems women face in receiving adequate healthcare, offering tailored health services for women of all ages.
Penny George, board chair of the George Family Foundation, accomplished psychologist, and renowned philanthropist, has spent her career championing reform for women’s healthcare.
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.
For the Texas Women’s Foundation, 2019 has provided excellent opportunities to build on the groundwork laid by their 2018 transformation.
On May 2nd, the Texas Women’s Foundation held its annual Leadership Forum & Awards Dinner, presented by AT&T at the Omni Dallas Hotel. Like previous years, the LFAD event was an opportunity for the Foundation to look back on its achievements and work from the past year, but 2019 marked the first such event for the organization since its rebranding in 2018.
Patrick Moynihan, President of The Haitian Project, a Rhode Island-based Catholic non-profit which educates poor Haitians, has publicly rejected a $100,000 donation offered by a representative of Robert Kraft, the billionaire owner of the New England Patriots.
In a May 8, 2019 Skype interview given to the GoLocalProv website, and reiterated in a Providence Journal opinion piece published several days later, Moynihan stated that because Kraft has refused to denounce the sex trade and apologize for his participation in it, it was improper for The Haitian Project to accept funds from the Patriots owner.