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Spousal support not needed : How billionaire women are reshaping philanthropy 9 May, 2021 08:08 PM 6 minutes to read Melinda Gates speaks at the IMF and World Bank Group annual meetings in Bali, Indonesia, in 2018. Photo / AP Melinda Gates speaks at the IMF and World Bank Group annual meetings in Bali, Indonesia, in 2018. Photo / AP Financial Times By: Andrew Edgecliffe-Johnson As Melinda Gates petitions for divorce, charities scramble to respond to gender, generational and strategic shifts. Spousal support is not needed. The five words on Melinda Gates divorce petition last week were a distinct understatement for a woman with billions of dollars to her own name and a claim on Bill Gates US$130 billion ($178.5 billion) Microsoft fortune. ....
How billionaire women are reshaping philanthropy The new generation is wresting female philanthropy away from its associations with pearl-clad socialites and gala dinners, heralding demographic and strategic shifts to which charities are scrambling to respond. Andrew Edgecliffe-Johnson Save Share New York | “Spousal support is not needed.” The five words on Melinda Gates’ divorce petition last week were a distinct understatement for a woman with billions of dollars to her own name and a claim on Bill Gates’ $US130 billion ($166 billion) Microsoft fortune. They could also serve as a motto for a growing group of women whose independent giving is transforming American philanthropy. ....