Wall Street's "Secret Weapon"?

Wall Street insiders are eyeing a newly listed NYSE-A IPO that is taking on a $63B opportunity. Primed to reduce Brazil's dependence on foreign potash, this stock is poised for gains.

Melinda French Gates plans to match $1M in GivingTuesday gifts to groups that support women

THALIA BEATY
December 03, 2024

NEW YORK (AP) -- Melinda French Gates is offering to match up to $1 million in gifts to two nonprofit organizations to help spur donations on GivingTuesday, which has become a major annual fundraising day for nonprofits.

For more than a decade, on the Tuesday after Thanksgiving, charitable organizations have asked for donations or other support from their networks.

"It's a great time to remind people that we're better off when we give something back and we all have something to give back," said French Gates in an interview, speaking about her enthusiasm for GivingTuesday. The Bill & Melinda Gates Foundation was an early supporter of GivingTuesday, which started as a hashtag and a project at the 92nd Street Y in New York and has since become its own organization.

Last year, donors gave an estimated $3.1 billion on GivingTuesday, but the overall number of people who participated declined. Asha Curran, CEO of the nonprofit GivingTuesday, who calculated that estimate, said matches like French Gates' help catalyze people to give.

"We really share a commitment to the idea also that philanthropy is not just in the hands of the ultra wealthy," she said. "That it really takes everyone to contribute to a healthy society through generosity."

Una Osili, associate dean at the Indiana University Lilly Family School of Philanthropy, says that even if fewer households are giving, donations may be holding steady because those who donate are giving more.

"The optimist in me would certainly say there are lots of reasons to think that giving will at least hold steady," Osili said. "But what we've seen in the past few years is that inflation especially, even though it's moderated, is a concern for many everyday households."

French Gates, through her organization Pivotal Ventures, plans to match up to $500,000 in donations to two organizations -- Vote Mama Foundation, which supports mothers running for political office, and the Rosalynn Carter Institute for Caregivers, which advocates for people caring for others. The organizations have 10 days to raise the funds and will direct donors to give through the nonprofit crowdfunding platform Every.org, which will track the donations that will be matched.

"This was Melinda. This was a complete surprise to us," said Liuba Grechen Shirley, founder and CEO of Vote Mama Foundation.

Her organization wants to make it easier for mothers to hold political office, from local school boards to the Senate. She founded the organization after running for Congress in 2018 when she successfully petitioned the Federal Election Commission to use campaign funds to pay for childcare. Now, all federal candidates can pay for childcare with campaign funds and many states have passed similar laws.

"It's used by men. It's used by women. It's used by moms and dads and Democrats and Republicans," Grechen Shirley said. "But the majority of funds are used by women, and a majority of those funds are used by women of color. So it really does have the ability to transform the political landscape."

Through her giving and advocacy, French Gates has championed paid family leave, support for caregivers and making child care less expensive. She endorsed Vice President Kamala Harris in the presidential race but said that Harris' defeat won't stop her from continuing her work.

The Rosalynn Carter Institute for Caregivers is one of the first organizations to speak out about the work of caregiving, French Gates said. Paurvi Bhatt, who leads the institute, said French Gates had a long and cherished relationship with former First Lady Rosalynn Carter, who passed away last year.

"It is based on a hand-in-glove relationship we've had for a number of years," Bhatt said of the matching gift.

This public match on GivingTuesday is the latest commitment French Gates has made since stepping down from the Gates Foundation in May. (French Gates and Bill Gates, her ex-husband and the billionaire co-founder of Microsoft, announced their divorce in 2021.) She pledged $1 billion to support women and families over two years. That included $250 million to support improving women's health globally and she gave 12 leaders each $20 million to distribute to nonprofit organizations of their choice before the end of 2026.

"The reason I've come out so strongly saying, 'This is what I am doing next,' is because I wanted people to know I'm not going away," said French Gates. "My values are still here. And this work around 'How do we make a more equitable society?' There is so much work to be done in the United States."

___

The Associated Press receives financial support for news coverage in Africa from the Bill & Melinda Gates Foundation and for news coverage of women in the workforce and in statehouses from Pivotal Ventures.

___

Associated Press coverage of philanthropy and nonprofits receives support through the AP's collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. For all of AP's philanthropy coverage, visit https://apnews.com/hub/philanthropy.

Continue Reading...

Popular

Justin Trudeau launches Canada-US council as Trump's tariff threats loom

OTTAWA, Ontario (AP) — Outgoing Canadian Prime Minister Justin Trudeau announced Thursday the formation of a Canada-U.S. relations council to support the federal government as it deals with incoming U.S. President Donald Trump’s threat to impose .

New Mexico state spending plan seeks more federal Medicaid dollars as Donald Trump takes office

SANTA FE, N.M. (AP) — Leading New Mexico legislators on Wednesday recommended a 5.7% general fund spending increase for the coming fiscal year that emphasizes health care access, public school improvements, and early education and childcare programs that can boost household finances.

If you walked by this guy on the street, you would not think "millionaire" - Ad

You would probably think "accountant" or "average cubicle guy." Actually, he was a lawyer until he unlocked this secret that made him $5 million. How does he do it? We'll warn you... it's about as exciting as a ham sandwich. But it's turning regular readers into 6-figure income machines.

Poland's leader accuses Russia of planning acts of terror against 'airlines over the world'

WARSAW, Poland (AP) — Polish Prime Minister Donald Tusk accused Russia on Wednesday of planning acts of sabotage worldwide that included “acts of air terror” against airlines.

My TOP Altcoin for Right Now Is... - Ad

Searching for the top investment opportunity in crypto? Look no further. Our $3 report gives you the full scoop. You'll get this exciting token's name, our recommended investment strategy, and growth projections. Time is of the essence with this one...

FDA Unveils Grounds For Rejecting Vanda Pharmaceuticals Stomach Paralysis Candidate

FDA denies Vanda's Tradipitant application for gastroparesis, urging new trials for efficacy and safety. Vanda disputes the agency's review process.

What's Going On With SoFi Technologies Stock Thursday?

SoFi Technologies Inc (NASDAQ:SOFI) shares are moving higher. The company on Thursday announced a personal loan securitization agreement with a global fixed income manager.

Shocker: Trump's 1st Day Could Change Everything - Ad

Legendary investor Louis Navellier, who correctly predicted Trump's win... Believes this "day-one" Trump move is about to create a rare opportunity for everyday Americans like you to turn a small stake into real wealth in the stock market. But hurry...

Stock market today: Asian stocks mixed ahead of US inflation data

HONG KONG (AP) — Asian stocks were mixed Wednesday followed Wall Street’s mostly positive performance ahead of key U.S. inflation data that could influence the pace of market-boosting rate cuts by the Federal Reserve.

$1.8 billion isn't missing after all in South Carolina but questions remain about accounting error

COLUMBIA, S.C. (AP) — It turns out that $1.8 billion in South Carolina state funds weren't just sitting waiting to be spent. Instead, it was an accounting error compounded over years instead of being reconciled, an independent forensic audit determined.

Elon's "Final Move" Could Send This Stock Soaring - Ad

Whenever Elon Musk starts a new venture...Early investors get the opportunity to become millionaires...Early investors in Paypal made as much as 59,500%...SpaceX rose 5,500x in value...And most recently, Tesla jumped over 38,000%!

Supreme Court will hear Texas anti-pornography law that challengers say violates free-speech rights

WASHINGTON (AP) — A Texas anti-pornography law is on Wednesday in a collision of , regulation of online content and the protection of children.

Limited Time Offer -- Weiss' Gold Playbook - Ad

Do not miss the details about how to claim your piece of high-grade gold bullion -- minted exclusively for Weiss Members. The fact is that gold prices are now higher than ever before. It's critical you get all the critical facts BEFORE the Gold Bull Market Summit recording goes offline.

Why is Spain considering a 100% tax on homes bought by non-EU residents?

MADRID (AP) — Spain is planning a raft of measures to address its , including an up to 100% tax on properties that non-European Union residents buy.

Declassified: "Amazon Coin" Revealed - Ad

Starting January 20th, this tiny 3-cent crypto just partnered with one of the biggest companies in the world... Amazon. Declassified video reveals "Amazon Coin" ahead of $27 trillion crypto revolution. One team of crypto experts have identified it as the most promising crypto of 2025.

South Korean President Yoon Suk Yeol Arrested -- KOSPI Edges Higher Despite Political Upheaval, Won Stable

South Korean markets showed resilience Wednesday as President Yoon Suk Yeol was taken into custody, with the benchmark KOSPI rising 0.40% to 2,507.35 amid heightened political uncertainty.

"America's Final Invention" - Ad

An invention far beyond our current technology -- even artificial intelligence -- could go live any day now. When it launches, the world economy could accelerate by as much as 250 times its normal rate. But it could also send millions of Americans into poverty.

Ray Dalio Warns US Could 'Go Broke' As Debt Soars, Urges Action To Avert Crisis

Ray Dalio, founder of Bridgewater Associates, warned that the United States could "go broke" due to mounting government debt problems.

Stock Of The Day: Is Oversold Procter & Gamble Set For A Bounce?

The Procter & Gamble Company (NYSE:PG) stock is trading higher, signaling a potential new uptrend. Oversold and at support, experts have chosen it as Stock of the Day.

Our No. 1 Way to Profit From Crypto Boom (Under $1) - Ad

Many of the world's best and richest investors are piling their money into the same trade: Bitcoin. Including legendary hedge-fund manager Paul Tudor Jones, entrepreneur Elon Musk, and venture capitalist Tim Draper. But that pales in comparison to another huge investor (worth more than all the world's billionaires combined) we believe is about to start piling into Bitcoin next. Click here for the full story.

India's navy launches submarine, warships to guard against China's presence in Indian Ocean

MUMBAI, India (AP) — India's navy on Wednesday simultaneously launched a submarine, a destroyer and a frigate built at a state-run shipyard, underscoring the importance of protecting the Indian Ocean region through which 95% of the country's trade moves amid a strong Chinese presence.

Is Bill Gates Missing the Big Picture? - Ad

Bill Gates calls it: "The most transformative technology any of us will see in our lifetimes." Eric Fry agrees, saying it's far more advanced than anything today... including AI. But he also warns it could send millions of Americans into poverty.

Alamos Gold Achieves Record Production, Sets Stage For Low-Cost Growth

Alamos Gold achieved record production in 2024, plans to increase output and reduce costs. Focus on Island Gold District and Lynn Lake project.

Trump's next move could be the catalyst that triggers Bitcoin's next BIG breakout - Ad

But here's why I'm not buying Bitcoin directly: It's VERY expensive. Instead, I've found a better way to profit -- without touching any coins, ETFs, or digital wallets. This little-known $25 investment is accessible through your regular brokerage account. It's already up over 10% since Trump's victory, and it's just getting started.

Head of US cybersecurity agency says she hopes it keeps up election work under Trump

NEW YORK (AP) — Jen Easterly, the outgoing head of the U.S. government’s Cybersecurity and Infrastructure Security Agency, said Wednesday she hopes her agency is allowed to continue its under new leadership despite “contentiousness” around that part of its mission.

Question on ASEAN stumped Hegseth at Senate hearing. What is it and why is it important?

BANGKOK (AP) — Sen. Tammy Duckworth, grilling President-elect choice for defense secretary over whether he had the “breadth and depth of knowledge” needed to lead international negotiations, asked if could name one member of the , describe what type of agreement the U.S. had with the countries and how many nations were in the bloc.

Urgent: Buy This Before Bitcoin Hits $125,000 - Ad

Discover the $25 Bitcoin secret that could turn into a fortune soon. Historically, this secret investment soared by 6,865%, surpassing Bitcoin's own performance. This has nothing to do with buying Bitcoin or any Bitcoin ETFs... You can easily access this secret investment through your standard brokerage account.

Gary Gensler Defends SEC Legacy: 'We Focused On Reforms In The $60 Trillion Equity Markets'

Gary Gensler defended his legacy as SEC Chair, citing the agency's focus on regulating the $60 trillion U.S. equity market and addressing systemic issues.

Taiwan iPhone maker Foxconn sets its sights on the ever more crowded EV market

BANGKOK (AP) — Auto industry newcomers like Taiwan-based iPhone maker Foxconn and China's Huawei Technologies are maneuvering to gain an edge in the electric vehicle sector, prompting automakers like Japan's Nissan and Honda to announce plans to join forces against a flood of ambitious competitors.

Wall Street's Secret AI Innovator - Ad

Wall Street is taking note of a Nasdaq-listed company transforming the $124 billion smart glass industry. With top customers like Boeing and Ferrari, a 59% revenue surge in 2023, and safety-enhancing products, this company could be the next big thing.

UK minister quits while facing questions over links to ousted Bangladeshi leader Sheikh Hasina

LONDON (AP) — Britain’s anti-corruption minister resigned on Tuesday amid a controversy over links to her aunt, ousted Bangladeshi Prime Minister .

Better Than Bitcoin? (Top Crypto for Less Than $1) - Ad

Over the past 15 years, Bitcoin has outperformed stocks, bonds, and every other asset you could've bought. Many predict 2025 will be an even bigger year--hitting $200,000 or higher. But there's a better way to profit from this new crypto rally. Most people don't know about it... and yet it's returned over 1,000% in 4 months. This could be the #1 way to invest in crypto in 2025.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright activatrade.ca
Privacy Policy | Terms of Service