Melinda French Gates has pledged to match up to $1 million in donations to support two nonprofits on GivingTuesday, a day dedicated to charitable giving. Her initiative involves donating up to $500,000 each to the Vote Mama Foundation, which empowers mothers running for political office, and the Rosalynn Carter Institute for Caregivers. Funds donated through Every.org will be tracked and then matched.
Last year, GivingTuesday raised an estimated $3.1 billion, despite a decline in the number of participants. Asha Curran, CEO of GivingTuesday, said matching donations can help spur people to give. "We really share a commitment to the idea also that philanthropy is not just in the hands of the ultra wealthy," she said. "That it really takes everyone to contribute to a healthy society through generosity." Una Osili, from Indiana University's Lilly Family School of Philanthropy, noted that although fewer households may be contributing, the overall donation amount may be remaining consistent because individual contributions are increasing.
"The optimist in me would certainly say there are lots of reasons to think that giving will at least hold steady," Osili said. "But what we've seen in the past few years is that inflation especially, even though it's moderated, is a concern for many everyday households." (This story was generated by Newser's AI chatbot. Source: the AP)
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