Emerson Collective

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Emerson Collective, LLC

CFO)[6]
Website	www.emersoncollective.com

Emerson Collective is an organization focused on education, immigration reform, the environment, media and journalism, and health. Founded by Laurene Powell Jobs,^[2] this limited liability company (LLC) uses philanthropy, impact investing, advocacy, and community engagement as tools to spur change in the United States and abroad.^[2] The organization says that it engages in philanthrocapitalism.^{[citation needed]}

History

Emerson Collective was founded in 2004 by Laurene Powell Jobs in Palo Alto, California.^[4] 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.^[8]

In 1997, Powell Jobs had co-founded, together with Carlos Watson, the nonprofit organization College Track, a college completion program to combat the achievement gap among students of color.^[9][10] 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.^[2]

Powell Jobs and Emerson Collective were strong advocates of the creation of President

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.^[13]

In 2015, Emerson Collective became the lead investor in education technology company Amplify.^[14]

In 2016,

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.^[16]

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.^[11][17]

In 2019, Emerson Collective led a round of funding for Boom Supersonic, an aerospace company that aims to make supersonic commercial flight a realization again, and its proposed 55-passenger business-class transport.^[18]

Media investments and donations

• Invested in
  Ozy,^[19] and was one of its first backers.^[20]

• On September 1, 2016, invested in
  series A funding for Axios Media, a news website focusing on business, technology, politics and media trends.^[21]

• On July 28, 2017, became the majority owner of The Atlantic, purchasing the majority stake from Atlantic Media's David G. Bradley.^[22] 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^[update] investment.^[23]

• In 2017, invested, along with the
  Stripes Group, in Gimlet Media, the podcasting startup behind the shows StartUp, Reply All and Homecoming.^[24][25]

• In 2018, acquired the parent of
  California Sunday and Pop-Up Magazine.^[26]

• In 2021, invested, along with others, a total of $12 million in WaitWhat. WaitWhat is a podcast and media company founded and led by former TED executives June Cohen and Deron Triff.^[27]

• Has donated money to Mother Jones.^[28]

References