Pivotal Ventures, Gates’s limited-liability company, has committed up to $20 million to match gifts made by members of three donor networks. Sudnya Shroff (pictured here) says the money doubled her philanthropy’s power.
A Zimbabwe telecommunications billionaire who has committed to the Giving Pledge, the head of the London School of Economics, and the co-founder of the Bridgespan philanthropic consulting organization will be added to the board, as will Mark Suzman, the chief executive of the Gates Foundation.
Organizations that work to strengthen philanthropy have long been underfunded and have struggled to win the attention of individual donors. But that might be changing after a rush of multimillion donations from Scott.