Emerson Collective
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Emerson Collective

Emerson Collective is a social change organization focused on education, immigration reform, the environment, media and journalism, and health. Founded by Laurene Powell Jobs,[2] the LLC uses philanthropy, impact investing, advocacy, and community engagement as tools to spur change in the United States and abroad.[8]

History

Emerson Collective was founded in 2004 by Laurene Powell Jobs in Palo Alto, California.[2] Named after transcendentalist writer Ralph Waldo Emerson, the organization says its mission is to do the greatest amount of good for the greatest number of people.[9]

In 1997, Powell Jobs had founded the nonprofit organization College Track, a college completion program to combat the achievement gap among students of color.[8] When Emerson Collective was established in 2004, grants and investments largely focused on the education sector. When Powell Jobs began learning more about the challenges plaguing immigrant students, particularly those whose undocumented status made it difficult to attend college, Emerson Collective broadened its portfolio to include immigration reform and advocacy.[8]

Powell Jobs and Emerson Collective were strong advocates of the creation of President Barack Obama's Deferred Action for Childhood Arrivals (DACA) program and have continued to push for permanent legislation to provide "Dreamers" with a path to citizenship.[10] In October 2016, she wrote the article "Immigrants Fuel Innovation. Let's Not Waste Their Potential" for WIRED Magazine.[11]

In 2015, Emerson Collective's Managing Director of Education Russlynn H. Ali launched the affiliate XQ Institute, a nonprofit dedicated to rethinking American public high school.[12]

In 2016, Andy Karsner joined Emerson Collective to launch Emerson Elemental, a practice dedicated to investments in the environmental and clean energy space. Karsner previously served in the United States Department of Energy as Assistant Secretary for Energy Efficiency and Renewable Energy.[13]

In 2016, former U.S. Secretary of Education Arne Duncan joined Emerson Collective to launch Chicago CRED, a nonprofit committed to curbing gun violence in Chicago through counseling, training, and matching young men with jobs.[14]

In recent years the organization has expanded its reach into art, film, and media, journalism, sports, and other creative ventures.

In 2017 and 2018 Emerson Collective supported the immigration-focused work of the artist JR, and helped bring Alejandro González Iñárritu's Academy Award-winning, virtual reality experience Carne Y Arena to Washington, D.C.[10][15]

Selected investments

In 2015, Emerson Collective became the lead investor in education technology company Amplify.[16]

On September 1, 2016, Emerson Collective invested in series A funding for Axios Media, a news website focusing on business, technology, politics and media trends.[17][18]

On July 28, 2017, Emerson Collective became the majority owner of The Atlantic, purchasing the majority stake from Atlantic Media's David G. Bradley.[19][20] The outlets owned by Emerson Collective include The Atlantic magazine and its digital properties along with its standout events line, AtlanticLIVE, and its consulting division, Atlantic 57. The Washington Post reports Emerson Collective plans to move to full ownership of The Atlantic in "three to five years" after their 2017 investment.[21]

On August 1, 2017, Gimlet Media, the podcasting startup behind the shows StartUp, Reply All and Homecoming, announced that it had raised a new round of financing from investors including the Stripes Group and the Emerson Collective.[22][23][24]

In 2018, Emerson Collective acquired the parent of California Sunday and Pop-Up Magazine.[25]

References

  1. ^ a b "Our Mission - Emerson Collective". Emerson Collective. Archived from the original on November 26, 2017. Retrieved 2017.
  2. ^ a b c d e "Emerson Collective - Overview". Crunchbase. Retrieved 2017.
  3. ^ "Arne Duncan Joins Emerson Collective". EdSurge. March 20, 2016. Retrieved 2018.
  4. ^ a b c "Company Overview of Emerson Collective LLC". Bloomberg. November 25, 2017. Archived from the original on November 26, 2017. Retrieved 2017. Emerson Collective LLC invests and advocates for immigration reform, environment, school improvement, and social justice initiatives through investments in entrepreneurs and nonprofits. It also supports public policy advocates. Emerson Collective LLC was founded in 2004 and is based in Palo Alto, California.
  5. ^ White, Gillian B. (July 28, 2017). "Emerson Collective Acquires Majority Stake in The Atlantic". The Atlantic. Retrieved 2018.
  6. ^ a b c d "Our Team - Emerson Collective". Emerson Collective. Archived from the original on November 26, 2017. Retrieved 2017.
  7. ^ Dylan Byers (October 15, 2018). "Saudi ties entangle Laurene Powell Jobs' Emerson Collective". NBC News. Retrieved 2018. Klein, a Wall Street rainmaker and former Citigroup executive, is a managing partner at Emerson and helps manage the company's business
  8. ^ a b c "The Quest of Laurene Powell Jobs". Washington Post. Retrieved 2018.
  9. ^ "Emerson Collective - About Us". Emerson Collective. Retrieved 2018.
  10. ^ a b "The Welcoming Committee". Marie Claire. Retrieved 2018.
  11. ^ "Immigrants Fuel Innovation. Let's Not Waste Their Potential". WIRED. Retrieved 2018.
  12. ^ "Laurene Powell Jobs Commits $50 Million to Create New High Schools". New York Times. Retrieved 2018.
  13. ^ "Nuclear Power Will Be an Undeniable Power Source In The Future". Fortune. Retrieved 2018.
  14. ^ "Chicago CRED Offers a Lifeline to Young Black Men". Chicago Sun Times. Retrieved 2018.
  15. ^ "It takes only 6 minutes to be immersed in the immigrant experience". Washington Post. Retrieved 2018.
  16. ^ "Laurene Powell Jobs Among Buyers of News Corp's Digital Education Business". Hollywood Reporter. Retrieved 2018.
  17. ^ "Series A - AXIOS Media". Crunchbase. Retrieved 2017.
  18. ^ Sarah Ellison (November 30, 2016). "Exclusive: Mike Allen and Jim Vandehei Reveal Their Plan for Media Domination". Vanity Fair. Archived from the original on May 8, 2017. Retrieved 2017. Axios wants to focus on business, technology, politics, and media trends [...]
  19. ^ White, Gillian B. (July 28, 2017). "Emerson Collective Acquires Majority Stake in The Atlantic". The Atlantic. Retrieved 2017.
  20. ^ Halper, Daniel (July 28, 2017). "Key Dem Donor Takes Over 'Country's Most Important' Journalistic Institution". The Washington Free Beacon. Retrieved 2017.
  21. ^ Wemple, Erik; Wemple, Erik (July 28, 2017). "Laurene Powell Jobs's Emerson Collective to purchase majority stake in the Atlantic". The Washington Post. ISSN 0190-8286. Retrieved 2017.
  22. ^ Jarvey, Natalie (August 1, 2017). "Gimlet Media Raises $15 Million From Stripes Group, Emerson Collective". The Hollywood Reporter. hollywoodreporter.com. Retrieved 2017.
  23. ^ Spangler, Todd (August 1, 2017). "Podcast Startup Gimlet Media Raises $15 Million From Stripes Group, Laurene Powell Jobs' Emerson Collective". Variety. variety.com. Retrieved 2017.
  24. ^ "Series B - Gimlet Media". Crunchbase. Retrieved 2017.
  25. ^ Swisher, Kara (November 27, 2018). "Laurene Powell Jobs's Emerson Collective bought Pop-Up Magazine Productions". Recode. Retrieved 2018.

External links


  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.

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