Melinda Gates announces $1 billion plan to fight gender inequality

Melinda Gates announced in Time Magazine on Wednesday that she is committing $1 billion over the next 10 years to promote gender equality and grow "women's power and influence in the United States."

What she's saying: "Gender equality in the U.S. has been chronically underfunded. ... $1 billion is a lot of money, but I also recognize that it’s only a small fraction of what's necessary. That's why I hope the financial commitment I'm making today is seen as both a vote of confidence in the experts and advocates who are already working on these issues—and an invitation for others to join the cause and make commitments of their own...."