HomeBusinessMelinda French Gates Launches $250 Million Fund—How to Apply

Melinda French Gates Launches $250 Million Fund—How to Apply

In Might, Melinda French Gates resigned as co-chair of the Invoice and Melinda Gates Basis and introduced that she was dedicating $1 billion over the following two years to ladies’s organizations.

On Wednesday, a part of that imaginative and prescient unfolded — French Gates launched Motion for Ladies’s Well being, a $250 million fund for non-profits supporting ladies’s psychological and bodily well being throughout the globe.

“Ladies’s well being continues to be an afterthought, and it is impacting the well being of our households, our communities, our economies,” French Gates stated in a promotional video for the fund. “Fortunately there are such a lot of superb organizations around the globe working to vary that.”

Melinda French Gates. Picture by Taylor Hill/FilmMagic

Motion for Ladies’s Well being will assist fund grassroots organizations tackling ladies’s well being points, French Gates defined. Every awardee will obtain between $1 million and $5 million and bear a number of rounds of evaluation earlier than securing the funding. Winners might be introduced by the top of subsequent 12 months.

Associated: Melinda French Gates Reveals Her Subsequent Transfer After Leaving Gates Basis: ‘Set Your Personal Agenda or Somebody Else Will Set It For You’

Here is what the fund is searching for and the way to apply.

Who Ought to Apply

Candidates should deal with ladies’s psychological or bodily well being and meet 4 standards: Be impactful, scalable, equitable, and possible.

Affect, for instance, is measured by the non-profit’s demonstrated contributions. A rating of 1 could be no contributions and an ineffective, impractical method whereas a rating of 5 could be earned by way of examples of contributions, and an method with confirmed effectiveness.

An organizational readiness software is on the market to assist candidates assess in the event that they meet the necessities. The shape goes by way of standards like who can apply — people, for-profits, LLCs, and B-Corps should not eligible.

It additionally asks if the non-profit’s central focus is ladies’s psychological or bodily well being and if they’ve no less than two years of audited monetary information, along with different questions.

Tips on how to Apply

Motion for Ladies’s Well being is now accepting functions, due by January 10, 2025. Organizations need to register their intent to use by December 3, 2024.

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