Melinda Gates has promised to commit $1 billion toward gender equality over the next ten years. She intends to focus on three priorities (i) making it easier for women to advance professionally; (ii) increasing gender diversity in the technology, public affairs, and media fields; and jumpstarting reforms in male-dominated organizations.
The $1 billion pledge will be used to fund and grow female-focused programs through investment and incubation firm Pivotal Ventures, Gates wrote in Time. The specific initiatives to be funded by the pledge will be announced at a later date, a representative for Pivotal Ventures told Business Insider. Gates founded Pivotal Ventures in 2015.
Read her essay for Time magazine here.