Gates Foundation takes on poverty in the U.S. with $100 million commitment
The Bill & Melinda Gates Foundation announced Thursday that it will donate $100 million to expand its work on economic mobility in the U.S. The country’s largest foundation says the commitment represents a change in how it operates by putting more powe...
GRAND ISLAND, Nebraska — In recent years, city leaders in Grand Island, Nebraska, observed that many workers and students were walking or biking long distances to their jobs or schools. So when city administrator, Laura McAloon, learned of an opportunity to study the development of a bus system to meet those transportation needs, she jumped at it.
The opportunity was funded by the Bill & Melinda Gates Foundation, in collaboration with the International City/County Management Association, a network of local government administrators. And it sent McAloon to Washington along with other local leaders to learn about strategies and policies to lift people in their community out of poverty.
The Gates Foundation announced Thursday that it will donate $100 million to expand its work on economic mobility — a move that the country’s largest foundation says is a change in how it operates, putting more power in the hands of grantees and looking to accelerate the speed at which its gifts have impact. The commitment is part of the $460 million the foundation said in 2022 it would donate over four years to this part of its portfolio.
Ryan Rippel, the founding director for the Gates Foundation’s economic opportunity and mobility strategy, said the grants represent an important and deliberate change in how it works, with large grants going to organizations that will have a great deal of autonomy in directing their own work and the work of subgrantees.
The strategy, he said, is a result
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