Overview
- The $7.88 billion transfer occurred in 2024 as part of the couple’s post-divorce agreement, and a Pivotal spokesperson says the agreement has been fulfilled.
- Pivotal Philanthropies Foundation’s disclosed assets jumped from about $604 million at the end of 2023 to roughly $7.4 billion in 2024, placing it among the largest private foundations.
- Public records do not show where roughly $4.6 billion of the $12.5 billion commitment was allocated, in part because some Pivotal entities operate as LLCs that do not file tax returns.
- French Gates resigned as co-chair of the Gates Foundation in May 2024 to pursue her own philanthropy focused on women and families through the Pivotal group.
- The donation, first detailed in tax filings reported by The New York Times and corroborated by multiple outlets, ranks among the largest publicly disclosed charitable gifts.