Bill and Melinda Gates prioritize climate change and gender equality as the main global issues to tackle on the 20th anniversary of their foundation
Bill and Melinda Gates celebrated the 20th anniversary of their philanthropic foundation by listing two new issues that they plan to tackle over the next 20 years: gender equality and the climate crisis. In an annual letter released Monday morning, the couple reminisced over their organization's growth since it was founded in 2000, and walked readers through their vision for the foundation over the next 20 years. The Gates' have already begun tackling gender equality, through Melinda Gates' $1 billion pledge to address gender equality in the US over the next five years. The couple used a sports metaphor, first offered by their friend and investor Warren Buffett, to sum up the spirit of their approach to philanthropy: "swing for the fences." Visit Business Insider's homepage for more stories.
Bill and Melinda Gates celebrated the 20th anniversary of their philanthropic foundation by setting two new issues that they plan to prioritize over the next 20 years: gender inequality and the climate crisis. In an annual letter sprinkled with baseball references like "grand slam" and "swing for the fences," the co-founders of the Gates Foundation first reminisced about the organization's work advancing global health and education over the past two decades. They then looked to the future. "The last 20 years have only deepened our commitment to advancing progress on global health and public education. But we've also developed a major sense of urgency around two other issues. For Bill, it's addressing climate change. For me, it's gender equality," Melinda Gates wrote in the letter. "As we look ahead to the next 20 years, we will be swinging for the fences on these, too." The foundation has spent $53.8 billion over the past 20 years, investing primarily in global health and development. Both of the Gates' said that gender equality and climate change had emerged as priorities for them to address through their philanthropic work. And they view their efforts on these issues as connected to their older agendas. "Global health will always be a core focus of our foundation. This work will only become more important in the future, as climate change makes more people susceptible to disease," Bill Gates said in the letter. "The cruel irony is that the world's poorest people, who contribute the least to climate change, will suffer the worst," Bill Gates later noted, as he warned that we were now at the stage where we didn't just need to mitigate the effects of climate change but also adapt to it. "Women are particularly vulnerable to the impacts of climate change," Melinda Gates added. The Gates have already begun addressing gender equality. Back in October, Melinda Gates pledged to invest $1 billion to expand women's power and influence in the country over the next decade. She kickstarted that effort in the tech industry this January, and announced a $50 million fund to invest in three emerging tech hubs beginning with Chicago. Meanwhile, the foundation still continues to invest in ways to improve global health or prevent disease epidemics. Most recently, the Bill & Melinda Gates Foundation committed up to $100 million to help keep the coronavirus epidemic in check. The couple summed up the spirit of their approach to running the Gates Foundation in a sports metaphor first offered by their friend and investor Warren Buffett. "When you swing for the fences, you're putting every ounce of strength into hitting the ball as far as possible. You know that your bat might miss the ball entirely—but that if you succeed in making contact, the rewards can be huge," the Gates' explained. "That's how we think about our philanthropy, too." Join the conversation about this story » NOW WATCH: 8 weird robots NASA wants to send to space
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COVID-19’s Disproportionate Impact on Women Raises Tough Questions for a Philanthropic Community Wary of Applying a Gender Lens to its Investments | The Philanthropist
Some foundations may see their cause, such as fighting disease or hunger, as more “hard core”...Some foundations may see their cause, such as fighting disease or hunger, as more “hard core” than gender equality. Others dismiss the focus on gender equity as a fad, or argue that they don’t want to discriminate.
Gates Foundation spending an additional $150 million on coronavirus response after Bill Gates slammed Trump for withdrawing support for WHO
The Bill & Melinda Gates Foundation on Wednesday said it would spend an additional $150 million...The Bill & Melinda Gates Foundation on Wednesday said it would spend an additional $150 million on coronavirus response efforts, raising its total commitment to $250 million. The new funds will go toward developing testing, treatment, and vaccines for COVID-19 as well as strengthening healthcare systems in Africa and South Asia, the charity said. The announcement comes just a day after Bill Gates slammed President Donald Trump's decision to cut US funding for the World Health Organization. Visit Business Insider's homepage for more stories. The Bill & Melinda Gates Foundation announced in a press release Wednesday that it would pitch in an additional $150 million to the global response to the coronavirus pandemic, bringing its total commitment to $250 million. The charity said the new funds would be put toward developing testing, treatments, and vaccines for COVID-19 as well as helping its partners in Africa and South Asia expand their "detection, treatment, and isolation efforts." "It is increasingly clear that the world's response to this pandemic will not be effective unless it is also equitable," the charity's cochair Melinda Gates said, adding that the funds "will support efforts against COVID-19 in low- and middle-income countries, where local leaders and healthcare workers are doing heroic work to protect vulnerable communities." The announcement came just a day after Bill Gates criticized President Donald Trump's decision to withdraw US financial support for the World Health Organization. On Tuesday evening, Trump said he would stop the $400 million to $500 million of US funding for the body, pending an investigation into what he saw as its aiding China in "covering up" the novel coronavirus. Following Trump's announcement, Bill Gates tweeted: "Halting funding for the World Health Organization during a world health crisis is as dangerous as it sounds." Halting funding for the World Health Organization during a world health crisis is as dangerous as it sounds. Their work is slowing the spread of COVID-19 and if that work is stopped no other organization can replace them. The world needs @WHO now more than ever. — Bill Gates (@BillGates) April 15, 2020 "COVID-19 doesn't obey border laws," he said in Wednesday's press release. "The world community must understand that so long as COVID-19 is somewhere, we need to act as if it were everywhere. Beating this pandemic will require an unprecedented level of international funding and cooperation." The Gateses aren't the only tech billionaires who have pledged significant amounts of money to help fight the coronavirus. Twitter CEO Jack Dorsey has announced plans to donate $1 billion toward a relief fund, an amount he says is roughly 28% of his net worth. Amazon CEO Jeff Bezos and Facebook CEO Mark Zuckerberg have committed $100 million and $25 million, respectively, though the amounts are fractions of their net worth.Join the conversation about this story » NOW WATCH: Why thoroughbred horse semen is the world's most expensive liquid
Analysis of 75 countries reveals ‘shocking’ scale of global women’s rights backlashAlmost 90% of people are...Analysis of 75 countries reveals ‘shocking’ scale of global women’s rights backlashAlmost 90% of people are biased against women, according to a new index that highlights the “shocking” extent of the global backlash towards gender equality.Despite progress in closing the equality gap, 91% of men and 86% of women hold at least one bias against women in relation to politics, economics, education, violence or reproductive rights. Continue reading...