New dinuclear lanthanide pivalate complexes [Tb2(piv)6(Hpiv)6], [Tb2(piv)6(bpy)2], [Tb2(piv)6(phen)2], [Tb2(piv)6(bath)2]·1.5EtOH, and [Eu2(piv)6(bath)2]·2EtOH, as well as the coordination polymer {Tb(piv)3}n, in which piv = (CH3)3CCO2–, bpy = 2,2′‐bipyridine, phen = 1,10‐phenanthroline, bath = 4,7‐diphenyl‐1,10‐phenanthroline, and EtOH = ethanol, were synthesized and characterized by X‐ray diffraction. For the terbium complexes, the magnetic properties and the solid‐state thermolysis were investigated. The phase composition of the solid decomposition products was determined by X‐ray powder diffraction. The photophysical properties of these complexes were analyzed by luminescence, excitation, and phosphorescence spectroscopy, and by lifetime measurements. A comparison of the photophysical data for bpy, phen, and bath complexes shows that the supramolecular organization affects the efficiency of the sensitization of Ln3+ luminescence. All the results obtained provide good prospects for the use of dinuclear lanthanide pivalate complexes as efficient light‐conversion molecular devices (LCMD).