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On Wednesday, Melinda Gates announced a $1 billion commitment over the next decade to promote gender equality in the United States. Gates, who is co-chair of the Bill & Melinda Gates Foundation and founder of the investment firm Pivotal Ventures, penned an op-ed in Time magazine outlining her reasons for making the investment.
“I want to see more women in the position to make decisions, control resources, and shape policies and perspectives,” Gates writes. “I believe that women’s potential is worth investing in—and the people and organizations working to improve women’s lives are, too.”
According to Gates, Pivotal Ventures will extend resources to “new and established…