Join our Waitlist for Expert Advice!

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 Emily Rella

Opinions expressed by Entrepreneur contributors are their own.

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.

Emily Rella

Senior News Writer

Emily Rella is a Senior News Writer at Entrepreneur.com. Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

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

Business News

A Wells Fargo Worker Was Discovered 4 Days After Dying at Her Desk. Her Cause of Death Was Just Revealed.

Medical examiners have released the cause of death of Denise Prudhomme, who was found dead at her desk in Wells Fargo's Tempe, Ariz. office.

Franchise

Having Trouble Sleeping? Listen to Some 'Kentucky Fried Chicken Rain' ASMR.

This collaboration introduces soundscapes on Hatch devices that feature gentle "fried chicken rain sounds" meant to evoke the soothing sound of fried chicken sizzling in oil.

Business News

You Have One Month Left to Buy a House, According to Barbara Corcoran. Here's Why.

"If you are planning on waiting a year and seeing where interest rates go, you are out of your mind," Corcoran said.

Business Culture

This One Habit is a Productivity Killer — And You Can Get Rid of It in Under 5 Minutes

Notifications are productivity vampires — silence them to reclaim your focus and momentum.

Business Solutions

Get Big Savings on Microsoft Office 2024 for a Limited Time

Boost productivity with intelligent, AI-powered tools.