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Collaborative Granting $161 Million For Social Change
Foundation: Gates Foundation, Rockefeller Foundation
Some $161 million is going toward gender equality and health initiatives in Africa, Asia, and Latin America.
That's up from the original goal of $500 million, and is backed by some of the world's richest donors, including the Bill and Melinda Gates Foundation, the Rockefeller Foundation, Jeff Skoll, and others, per the Washington Post.
The money will be doled out through a new organization called Co-Impact, which was launched last year with the goal of "delivering large-scale, sustainable change to underserved populations across the Global South," per a release.
Some $95 million will go toward the Foundational Fund, which Co-Impact says will support "long-term change initiatives" like a literacy campaign in Brazil and environmental initiatives in India.
$66 million will go to the Gender Fund to support reproductive rights and healthcare for women in Ghana, as well as legal education efforts for women in Mexico.
About $1.6 million will go toward women's leadership and gender equality.
"These amounts, while falling well short of the $14 billion donated to do by philanthropist MacKenzie Scott, are but the latest instance of wealthy donors making sizable donations to support charitable and social change projects," per the Post.
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