Get All Access for $5/mo

Melinda French Gates, Mackenzie Scott Direct $40 Million to Empower Women The four winners were chosen from a pool of 550 applicants who proposed creative ways to empower American women and gender non-conforming people.

By Entrepreneur Staff Edited by Emily Rella

James Devaney | Getty Images

Melinda French Gates and MacKenzie Scott have teamed up in an effort to fund the advancement of American women by directing $40 million to the cause over the next ten years.

The two billionaires, who have both signed the Giving Pledge and promised to give away most of their wealth in their lifetimes, are giving the money to winners of the Equality Can't Wait Challenge, which is hosted by French Gates' firm, Pivotal Ventures. They're getting financial support from Scott and her husband, Dan Jewett, along with the Charles andLynn Schusterman Family Philanthropies.

"The awardees are strong teams working on the front lines and from within communities to help women build power in their lives and careers," said Scott.

The four winners were chosen from a pool of 550 applicants who proposed creative ways to empower American women and gender non-conforming people. The winners' ideas focused on creating publicly-supported infrastructure for caregiving as well as training for women interested in careers in software development. One seeks to aid women through college and early into their careers while another wants to develop "impactful businesses owned by Native womxn."

French Gates said in a statement, "We can break the patterns of history and advance gender equality, but we must commit to lifting up organizations, like the ones receiving awards today, that are ready to lift up women and girls."

Both women are active philanthropists who have regularly donated to causes they care about.

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business Solutions

Increase Productivity with This Microsoft 365 Subscription, Now $25 Off

It can make the entrepreneur life a lot easier.

Business News

Apple Pay Later Is Ending. Here's What's Taking Its Place.

The program was available for less than a year.

Leadership

This Artist Answered a Businessman's 'Powerful' Question — Then His Work Became 'the Poster Child for Juneteenth': 'Your Network Really Becomes Your Net Worth'

Reginald Adams was the executive director of a Houston-based art museum for more than a decade before he decided to launch his own public art and design firm.

Leadership

Harvard Business School Professor Says 65% of Startups Fail for One Reason. Here's How to Avoid It.

Team alignment isn't nice to have -- it's critical for running a successful business.

Business News

Here's What Companies Are Open and Closed on Juneteenth 2024

Since it became a holiday in 2021, Juneteenth has been recognized by some major corporations as a paid day off.

Growing a Business

I Hit $100 Million in Annual Revenue by Being More Transparent — Here Are the 3 Strategies That Helped Me Succeed

Three road-tested ways to be more transparent and build relationships that can transform your business — without leaving you feeling nightmarishly over-exposed.