* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, July 15, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Black River Entertainment Adds Traci Hite As Director Of Promotion, Southeast – MusicRow.com

    Black River Entertainment Welcomes Traci Hite as New Director of Southeast Promotion

    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

    Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

    Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

    Emily Deschanel was scolded during “Bones” season 1 for being ‘late and unprepared’: ‘I was just beside myself’ – Yahoo

    Emily Deschanel was scolded during “Bones” season 1 for being ‘late and unprepared’: ‘I was just beside myself’ – Yahoo

    How you can see new movies early – Yahoo

    Unlock the Secret to Watching New Movies Before Everyone Else!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Guest columnist: China cutting corners on technology – The State Journal

    China’s Rapid Tech Advances Spark Worries About Cutting Corners

    Sentrycs’ Cyber Over RF technology integrated into Rafael’s combat-proven Drone Dome system – Defence Industry Europe

    Sentrycs’ Cyber Over RF Technology Boosts Rafael’s Battle-Tested Drone Dome System

    Nordic Air Defence raises $3 million to expand operations and advance drone defence technology – Defence Industry Europe

    Nordic Air Defence Lands $3 Million to Transform Drone Defense and Supercharge Operations

    China’s energy dominance in three charts – MIT Technology Review

    How China Is Powering Its Energy Dominance: A Visual Breakdown

    Meta Acquires AI Startup PlayAI to Enhance Voice Technology Capa – GuruFocus

    Meta Acquires AI Startup PlayAI to Revolutionize Voice Technology Capabilities

    Stallion Uranium Provides Update on Technology Data Acquisition Agreement – GlobeNewswire

    Stallion Uranium Announces Exciting Progress in Technology Data Acquisition Agreement

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Black River Entertainment Adds Traci Hite As Director Of Promotion, Southeast – MusicRow.com

    Black River Entertainment Welcomes Traci Hite as New Director of Southeast Promotion

    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

    Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

    Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

    Emily Deschanel was scolded during “Bones” season 1 for being ‘late and unprepared’: ‘I was just beside myself’ – Yahoo

    Emily Deschanel was scolded during “Bones” season 1 for being ‘late and unprepared’: ‘I was just beside myself’ – Yahoo

    How you can see new movies early – Yahoo

    Unlock the Secret to Watching New Movies Before Everyone Else!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Guest columnist: China cutting corners on technology – The State Journal

    China’s Rapid Tech Advances Spark Worries About Cutting Corners

    Sentrycs’ Cyber Over RF technology integrated into Rafael’s combat-proven Drone Dome system – Defence Industry Europe

    Sentrycs’ Cyber Over RF Technology Boosts Rafael’s Battle-Tested Drone Dome System

    Nordic Air Defence raises $3 million to expand operations and advance drone defence technology – Defence Industry Europe

    Nordic Air Defence Lands $3 Million to Transform Drone Defense and Supercharge Operations

    China’s energy dominance in three charts – MIT Technology Review

    How China Is Powering Its Energy Dominance: A Visual Breakdown

    Meta Acquires AI Startup PlayAI to Enhance Voice Technology Capa – GuruFocus

    Meta Acquires AI Startup PlayAI to Revolutionize Voice Technology Capabilities

    Stallion Uranium Provides Update on Technology Data Acquisition Agreement – GlobeNewswire

    Stallion Uranium Announces Exciting Progress in Technology Data Acquisition Agreement

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Melinda French Gates’ $12.5 Billion Creates Path to Unrestricted Giving

May 17, 2024
in Business
Melinda French Gates’ $12.5 Billion Creates Path to Unrestricted Giving
Share on FacebookShare on Twitter

After her divorce from Jeff Bezos in 2019, MacKenzie Scott changed the game of billionaire philanthropy, writing huge checks to small charities at a breakneck pace from her newly independent $36 billion fortune.

Author of the article:

Bloomberg News

Bloomberg News

Sophie Alexander and Anna Edgerton

Published May 17, 2024  •  4 minute read

Melinda French GatesMelinda French Gates Photo by Jasper Juinen /Photographer: Jasper Juinen/Bloo

(Bloomberg) — After her divorce from Jeff Bezos in 2019, MacKenzie Scott changed the game of billionaire philanthropy, writing huge checks to small charities at a breakneck pace from her newly independent $36 billion fortune.  

Now, the philanthropy world is hoping for another seismic shift from Melinda French Gates, who’s armed with $12.5 billion to deploy for her own charity work independent of the Bill & Melinda Gates Foundation. 

Advertisement 2

This advertisement has not loaded yet, but your article continues below.

Financial Post

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY

Subscribe now to read the latest news in your city and across Canada.

Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, Victoria Wells and others.Daily content from Financial Times, the world’s leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.

SUBSCRIBE TO UNLOCK MORE ARTICLES

Subscribe now to read the latest news in your city and across Canada.

Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, Victoria Wells and others.Daily content from Financial Times, the world’s leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.

REGISTER / SIGN IN TO UNLOCK MORE ARTICLES

Create an account or sign in to continue with your reading experience.

Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.

Sign In or Create an Account

or

Article content

Article content

French Gates will get that vast sum directly from her ex-husband, Microsoft Corp. co-founder Bill Gates, after leaving the Gates Foundation next month. It’s still not clear when or in what form she’ll receive those billions, and representatives for French Gates declined to elaborate.

But that hasn’t slowed the speculation. 

“I’m excited,” said Latanya Mapp, chief executive officer of Rockefeller Philanthropy Advisors. “She’s a good friend of MacKenzie, so all we can hope for is more of that kind of thinking, like we trust our partners. We know how little goes to domestic grassroots women’s organizations.”

Read More: MacKenzie Scott’s Money Bombs Are Single Handedly Reshaping America

French Gates, 59, spent more than two decades helping build the Gates Foundation — which will change its name after she leaves in June — into one of the biggest and most influential charities in the world. In 2024 alone, the foundation’s budget is $8.6 billion, dispersing money to its 42 program strategies, including global health and gender issues, which is French Gates’ flagship cause. 

By signing up you consent to receive the above newsletter from Postmedia Network Inc.

Article content

Advertisement 3

This advertisement has not loaded yet, but your article continues below.

Article content

Mapp said she suspects French Gates only stayed at the Gates Foundation for three years after the couple’s 2021 divorce because she wanted to expand its gender program. Soon after announcing their divorce, the Gateses said they were committing $2.1 billion to advance gender equality. 

French Gates helped build up “real infrastructure and a place for gender there,” Mapp said. “I don’t think this was an ‘I woke up this weekend and I decided to leave’ kind of decision.”

Pivotal Ventures

In 2015, French Gates started a charitable limited liability company called Pivotal Ventures, which uses grants as well as venture capital to focus on empowering women, including getting more females into technology jobs and elected to public office. Pivotal has committed $1 billion to “expanding women’s power and influence” in the US, according to its website.

Some see French Gates taking a more political turn after the US Supreme Court overturned Roe v. Wade. In her note on X announcing her departure, she wrote, “This is a critical moment for women and girls in the US and around the world — and those fighting to protect and advance equality are in urgent need of support.”

Advertisement 4

This advertisement has not loaded yet, but your article continues below.

Article content

Ben Soskis, senior research associate at the Urban Institute, said French Gates possibly wants to focus her energy on Pivotal because of its form. An LLC “has more freedom to give to politics and to make for-profit investments than does a private foundation,” said Soskis, who has received Gates Foundation funding.

In 2022, French Gates started an offshoot called Pivotal Philanthropies Foundation with $626 million in assets. A spokesperson for Pivotal said the foundation form “gives [French Gates] the ability to support more organizations aligned with Pivotal’s mission to advance social progress.”

To put the scale of French Gates’s new power into context, her foundation — if starting from scratch with $12.5 billion — would be the sixth-largest in the US, according to Elizabeth Dale, associate professor of public affairs and nonprofit leadership at Seattle University.

The Pivotal foundation made $8.8 million in grants in 2022, including $500,000 to Me Too International to “strengthen the capacity of a global and survivor-led movement against sexual violence,” and $75,000 to Neo Philanthropy Inc. to “raise public awareness for women of color transforming democracy.” The biggest grants were $2 million — a small amount compared with the tens of millions of dollars Scott sometimes gives at a time. One of the groups that received $2 million was Allied Media Projects, to support the Decolonizing Wealth Project, “a racial equity education program.” 

Advertisement 5

This advertisement has not loaded yet, but your article continues below.

Article content

MacKenzie Model

Edgar Villanueva, CEO of the Decolonizing Wealth Project, said the way Pivotal does its funding is closer to the MacKenzie Scott model. While Scott is prone to catch nonprofits by surprise with huge checks and little in the way of reporting requirements or spending restrictions, the Gates Foundation is known to be more bureaucratic, he said.

“Gates can be very rigid and require a lot from grantees in terms of reporting and data,” Villanueva said. “Pivotal has really been more of the model of a co-investor, taking bets on communities and not requiring the most in terms of reporting.”

French Gates and Scott, 54, have worked together before. In 2020 they partnered on the Equality Can’t Wait Challenge, which made calls for pitches on how organizations should spend $10 million to speed up women’s empowerment. The pair, along with other partners, are now funding the initial $45 million for construction of a parks improvement plan in Seattle. 

Scott, who didn’t respond to a request for comment, has a fortune of $38.5 billion, according to the Bloomberg Billionaires Index. French Gates has a net worth of $13.4 billion. 

Mapp said she hopes the women will collaborate more and is excited to see how this chapter of French Gates’ independent giving will play out. 

“She can be more risky, she can be louder and she can be more uninhibited because she’s not beholden to the bureaucracy,” Mapp said. “We’ll hopefully see more of her working with MacKenzie.”

Villanueva agrees. “I see her teaming up more with MacKenzie Scott,” he said. “I’ve been a big fan of how MacKenzie does her giving.”

Article content

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Financial Post – https://financialpost.com/pmn/business-pmn/melinda-french-gates-12-5-billion-creates-path-to-unrestricted-giving

Tags: businessFrenchMelinda
Previous Post

5 Ways to Speed up Hiring

Next Post

UK Energy Bills Set To Be £500 Lower Than Last Summer

The Bird Flu Story No One Is Telling – Scientific American

The Untold Story of Bird Flu: What You Need to Know

July 15, 2025
Combining science and policy for a unified global soil biodiversity observatory – Nature

Building a Global Soil Biodiversity Observatory: Bridging Science and Policy for a Sustainable Future

July 15, 2025
Quality of scientific papers questioned as academics ‘overwhelmed’ by the millions published – The Guardian

Are Scientific Papers Losing Quality as Academics Struggle to Keep Up with Millions Published?

July 15, 2025
Lower your risk of early death by some 40% with this lifestyle change – CNN

Lower your risk of early death by some 40% with this lifestyle change – CNN

July 15, 2025
Palmer leads Chelsea to incredible, improbable Club World Cup romp over PSG – ESPN

Palmer leads Chelsea to incredible, improbable Club World Cup romp over PSG – ESPN

July 15, 2025
Feds Collins: solid economy gives Fed time to decide its next interest rate move – Forexlive | Forex News, Technical Analysis & Trading Tools

Feds Collins: solid economy gives Fed time to decide its next interest rate move – Forexlive | Forex News, Technical Analysis & Trading Tools

July 15, 2025
Black River Entertainment Adds Traci Hite As Director Of Promotion, Southeast – MusicRow.com

Black River Entertainment Welcomes Traci Hite as New Director of Southeast Promotion

July 15, 2025
Stormont Vail Health dermatology specialist talks sun safety at walk with an APP – WIBW

Top Dermatology Tips for Staying Safe in the Sun During Your Next Community Walk

July 15, 2025
Young voters seek authentic representation in politics, says Brett Cooper – Fox News

Young Voters Rally for True Representation in Politics, Urging Real Change

July 15, 2025
Guest columnist: China cutting corners on technology – The State Journal

China’s Rapid Tech Advances Spark Worries About Cutting Corners

July 15, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (722)
  • Economy (745)
  • Entertainment (21,632)
  • General (15,913)
  • Health (9,783)
  • Lifestyle (753)
  • News (22,149)
  • People (747)
  • Politics (756)
  • Science (15,964)
  • Sports (21,243)
  • Technology (15,729)
  • World (729)

Recent News

The Bird Flu Story No One Is Telling – Scientific American

The Untold Story of Bird Flu: What You Need to Know

July 15, 2025
Combining science and policy for a unified global soil biodiversity observatory – Nature

Building a Global Soil Biodiversity Observatory: Bridging Science and Policy for a Sustainable Future

July 15, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version