Since the foundation’s creation about 25 years ago, it has awarded grants totaling almost $78 billion, and she has contributed to its leadership since 2000.
French Gates informed staff members that “the impact you and our partners are having in the world could not be more important,” citing a number of successes such as healthier lives for children, an increase in the number of women with bank accounts, and an increase in the number of “farmers coaxing lifechanging surpluses out of small family plots.”
Since the foundation’s creation about 25 years ago, it has awarded grants totaling almost $78 billion, and she has contributed to its leadership since 2000.
French Gates informed staff members that “the impact you and our partners are having in the world could not be more important,” citing a number of successes such as healthier lives for children, an increase in the number of women with bank accounts, and an increase in the number of “farmers coaxing lifechanging surpluses out of small family plots.”
Depending on our position within the company, the influence occasionally seems disconnected from our daily tasks, as the author stated. “However, I can promise you that it is real, and it’s partly due to you, having traveled for this foundation for 25 years to witness our partners in action.”
The departure of French Gates was anticipated for a number of years. In May 2021, Bill and French Gates made their divorce public. In order to ascertain if they could continue collaborating to manage their sizable charity foundation, they said at the time that they would give themselves a sort of trial period through 2023. She made her exit announcement last month.
According to French Gates’ divorce settlement with her ex-husband Bill, she will get an extra $12.5 billion for her charity contributions.
She clarified that her decision to leave the organization was a result of her response to the Dobbs ruling (2022) of the US Supreme Court, which let individual states choose abortion rights. The donor, who claims to have only been contributing money abroad, felt driven to provide Americans with financial support for their right to an unrestricted reproductive life.
French Gates stated in an opinion piece published in the New York Times around the end of May, “While I have long focused on improving contraceptive access overseas, in the post-Dobbs era, I now feel compelled to support reproductive rights here at home.”
French Gates announced that she will use her firm, Pivotal Ventures, to donate $1 billion until 2026 to support women’s rights initiatives worldwide. $200 million in funding for groups defending women’s reproductive rights will be part of that.
“This isn’t goodbye, even though a chapter ends for me today,” she wrote on Friday. “I’ll continue to work on the issues that are important to all of us and to contribute to the fight for a future where everyone is healthier, more prosperous, and treated equally.”
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