Madrina Molly Endowment
Madrina Molly™ directs a portion of all revenues to the Madrina Molly Endowment to support the work of caregiving and caregivers. First, we must build the endowment in order to sustain our gift making into the future. Then, as we make distributions, we will disclose them to you.
By 2035, there will be more people in the U.S. over the age of 65 than under the age of 18. According to Caring Across Generations:
70% of those people will require long term care for an average of 3 years.
80% of that care will be provided by family members, including men.
One year in a nursing home can cost $80,000 that Medicare will not cover.
In the US, we have a caring crisis. We need:
More support for families who are forced to leave the workforce to care for loved ones at the expense of their financial security.
Good jobs for caregivers who are, inconceivably, considered unskilled labor and are paid less than subsistence wages. They require skills, credentialing, and professional compensation.
1.5 Million more caregivers over the next decade.
As Women of a Certain Agency, we represent the crux of the solution: the triple-decker club sandwich generation that needs to balance caring for our parents and ourselves while we help our children care for our grandchildren because the other end of caregiving—childcare—is also critically failing. The following comes from Moms Rising and The Childcare for Every Family Network.
We need:
High quality early care and education for all children in self-defined families to meet families where they are at.
Policies that do not penalize earners by reducing or removing childcare support.
A well-compensated and trained early development workforce.
Madrina Molly™ has been sharing that we, our cohort, will control 60% of the U.S. wealth in the next few years.
And we can use it to make the change we want to see in these areas.
Thank you for helping us fund the Madrina Molly Endowment with your membership.