An initiative from philanthropists Melinda French Gates, MacKenzie Scott and the family foundation of billionaire Lynn Schusterman awarded $40 million Thursday to four promoting gender equality projects in tech, higher education, caregiving and minority communities.
The projects are the winners of The Equality Can’t Wait Challenge, a funding competition launched in June 2020 with the goal of expanding women’s power and influence in the United States. According to an announcement released Thursday by Lever for Change, an affiliate of the MacArthur Foundation that managed the challenge, the awardees, selected from a pool of more than 500 proposals submitted from across the country, will receive $10 million each.
Equality Can't Wait will fund: Building Women’s Equality through Strengthening the Care Infrastructure, a project by a coalition of organizations working on the societal perceptions of caregiving; Changing the Face of Tech, an initiative to offer women more opportunities in the tech sector; Girls Inc.’s Project Accelerate, which aims to help young women through college and career entry; and The Future is Indigenous Womxn, an initiative to support businesses owned by Native American women.
The three funders have all given contributions to gender equality initiatives in the past. And French Gates, whose investment and incubation company Pivotal Ventures hosted the competition, has pledged to spend $1 billion toward such projects in the U.S., citing low rates of women in leadership positions. That money is slated to be spent through Pivotal, which unlike a traditional charity, is able to invest in high-risk, for-profit entities and become more politically involved. It also doesn't have to disclose information on all the groups it funds.
French Gates said in a statement Thursday that “we can break the patterns of history" and advance gender equality if there's a commitment to support organizations, like the awardees, "that are ready to lift up women and girls.” While Scott, who's given more than $8 billion in three rounds of funding since last year, praised the awardees for having “strong teams working on the front lines and from within communities to help women build power in their lives and careers.”
Separately, additional funding of $8 million will be split between two finalists: one project working to combat physical, sexual and other forms of violence inflicted by romantic partners and another aiming to help young women become more politically active.
Nicole Bates, Pivotal Ventures’ director of strategic partnerships and initiatives, declined to say how Scott and Scott's husband, Dan Jewett, became involved with the funding competition, but noted it was “exciting to join forces and make a collective statement about the importance of gender equality.”
“Those of us who share values, particularly in gender, we see each other and we respect each other’s work,” Bates said.
French Gates also serves as a co-chair and trustee at The Bill and Melinda Gates Foundation, the largest charitable foundation in the world. The foundation said earlier this month that French Gates would continue in her role after her divorce from Bill Gates. However, if after two years, the two decide they cannot continue in their roles, she will resign.
_____
The Associated Press receives support from the Lilly Endowment for coverage of philanthropy and nonprofits. The AP is solely responsible for all content.
Catching you up on today's entertainment headlines with the Tribeca Film Festival has kicked off in NYC, "Black Adam," starring Dwayne "The Rock" Johnson dropped its first full trailer, the musical "Come From Away" based on a true story set during 9/11 will be closing on Broadway this October, and more.
Survivors of Larry Nassar, including Olympian Simone Biles, are seeking $1 billion in damages from the FBI due to its failure to investigate the former gymnastics team doctor convicted of committing years of serial sexual abuse of minors. Jack Queen, a senior reporter at Law360, joined Cheddar News to break down the legal grounds of this case. "This is one of the biggest black eyes that the Bureau has faced in generations, quite frankly, and the FBI has taken full responsibility and admitted that it completely botched this investigation," he said. "So, there's a lot of pressure to settle."
The Elevate Prize Foundation is donating $10,000 to different grassroots organizations based on a theme every month to help scale their work, focusing on a different theme each time. Upcoming prizes will help uplift an organization supporting the LGBTQ community and one mobilizing to help end gun violence. The foundation's CEO Carolina Garcia Jayaram joined Cheddar to discuss the initiative and why it's important to uplift these grassroots organizations. "We are identifying social entrepreneurs around the world to help them scale their work. but the ultimate purpose of that is to create the first-ever fanbase for good," she said. "We're trying to make good famous and by inspiring people to think about the role they can play in doing good in the world."
With real estate being a largely male-dominated industry, Stephanie Shojaee, vice president and chief marketing officer at development company Shoma Group, joined Cheddar News to discuss how she took on the gender gap for women to achieve leadership roles, starting at her own company. “It's been very important to teach all the women that work here, especially the younger ones, that they shouldn't change themselves," she said. "You need to be happy with who you are and just keep breaking barriers."
We are already starting to feel the effects of summer. Heat waves in Texas and California are already sending temperatures soaring. That could spell trouble for the nation's power supply. there are new concerns about outages in many areas of the country. Cheddar's Shannon Lanier explains the two main causes of blackouts, and what states are doing to keep the lights on and the air conditioning running.
If you have been on the road this past year, you've probably seen more accidents on the road than you ever have. You're not wrong. Traffic fatalities are not only increasing they are hitting historic highs. Almost 43,000 people died in motor vehicle accidents in 2021. Cheddar's Shannon Lanier investigates - and finds out why.
U.S. stocks close Tuesday at session highs after a subpar start to the trading day. Tim Chubb, Chief Investment Officer at the wealth advisory firm, Girard, joins Cheddar News' Closing Bell to discuss. 'We're starting to see the moderation of three core things -- we've seen the moderation of prices, we've seen the moderation of wage growth we've seen in the labor market, and we've also seen a moderation of job openings,' he says.
The victims from the USA gymnastics sexual abuse scandal continue to seek justice. Survivors of Larry Nassar are seeking more than one-billion dollars from the FBI for failing to stop the convicted sports doctor when the agency first received allegations. According to a report released by the Justice Department's Inspector General, FBI agents knew
in July of 2015 that Nassar was accused of abusing gymnasts; however, Nassar wasn't arrested until December of 2016. The group that filed the claim includes Olympic medalist Simone Biles and around 90 other women. Louise Radnofsky, sports reporter at The Wall Street Journal, joins Cheddar News' Closing Bell to discuss.
Tattoo artist Katrina "Kat Tat" Jackson, famous for starring in the VH1 hit series "Black Ink Crew: Chicago," is also the first Black woman to own a tattoo shop in Beverly Hills. She joined Cheddar News to discuss her trailblazing work, the stigma BIPOC tattoo artists face in the industry, and the way the space has changed for artists of color since her start. "In the beginning, I remember walking into a tattoo shop just like, hey, I wanna learn, I wanna be a tattoo artist and kind of just being laughed at, not taken seriously," she said. "Even with the tattoo conventions, a lot of African American tattoo artists were almost scared to go to conventions because it's not a welcoming environment."
