High-profile education philanthropist Eli Broad has announced he’s stepping away from day-to-day duties at the foundation that he and his wife founded—as well as public life in general—but his legacy in reshaping how private money can influence policy and the politics around those ideas will extend into the foreseeable future, experts say. The 84-year-old Broad is the founder of the Eli and Edythe Broad Foundation, based in Los Angeles.

He’s been at the forefront of this highly engaged venture-style philanthropy, wanting to move quickly to achieve outcomes and holding grantees to very specific metrics.

Broad has invested tens of millions in expanding Los Angeles’ charter schools, particularly schools with a college prep-focus that serve predominately low-income, minority students. He’s also spent hefty sums on school board elections to create a friendlier political environment for charters to grow. With the help of money from Broad, the most recent election for the Los Angeles school board was the most expensive in the nation’s history, and saw the board flip to a majority of pro-charter members.

Read the full article by Arianna Prothero and Francisco Vara-Orta at Education Week