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Laurene Powell Jobs to invest $3.5B towards climate change initiatives

Money will be invested over the next decade to a Palo Alto-based foundation

Laurene Powell Jobs, president of the Emerson Collective, plans to invest $3.5 billion over the next decade to support climate change initiatives. Courtesy Artic Circle, obtained via Wikimedia Commons user A1Cafel under Creative Commons Attribution 2.0 Generic license.

Laurene Powell Jobs, president of the Emerson Collective and widow of Apple co-founder Steve Jobs, plans to invest $3.5 billion over the next decade towards climate change initiatives, according to a spokesperson for Emerson Collective, who confirmed the details in a Monday report from Axios.

The donation will support "initiatives and ideas to help underserved communities most impacted by climate change," the spokesperson said. The solutions will be oriented around housing, transportation, food security and health in order to address the climate crisis.

The money will go towards the Waverley Street Foundation, which was last headed by Powell Jobs in 2019 as president, according to the Palo Alto-based nonprofit's tax forms. Its board includes Powell Jobs' family members, such as her brother, J. Bradley Powell, and son, Reed Jobs.

After the money is invested, Axios reports that the foundation "will sunset."

Little is publicly known about the Waverley Street Foundation beyond limited news reports referencing its name and a few tax records. (The foundation also doesn't appear to have a website and was once called the Emerson Collective Foundation — not to be confused with Emerson Collective, a for-profit company focused on education, immigration reform, media, health and other areas.)

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But big money is involved. In 2019, the nonprofit's total assets mounted to $1.8 billion. In the same year, the foundation gave $95 million to the Silicon Valley Community Foundation.

Lisa Jackson, Apple's vice president of Environment, Policy and Social Initiatives, will chair the foundation. She previously served in the Obama administration as the administrator of the Environmental Protection Agency.

Axios reports that a "top executive leader" will be named soon and staffing and grants have started.

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Laurene Powell Jobs to invest $3.5B towards climate change initiatives

Money will be invested over the next decade to a Palo Alto-based foundation

by Lloyd Lee / Palo Alto Weekly

Uploaded: Thu, Sep 30, 2021, 2:13 pm

Laurene Powell Jobs, president of the Emerson Collective and widow of Apple co-founder Steve Jobs, plans to invest $3.5 billion over the next decade towards climate change initiatives, according to a spokesperson for Emerson Collective, who confirmed the details in a Monday report from Axios.

The donation will support "initiatives and ideas to help underserved communities most impacted by climate change," the spokesperson said. The solutions will be oriented around housing, transportation, food security and health in order to address the climate crisis.

The money will go towards the Waverley Street Foundation, which was last headed by Powell Jobs in 2019 as president, according to the Palo Alto-based nonprofit's tax forms. Its board includes Powell Jobs' family members, such as her brother, J. Bradley Powell, and son, Reed Jobs.

After the money is invested, Axios reports that the foundation "will sunset."

Little is publicly known about the Waverley Street Foundation beyond limited news reports referencing its name and a few tax records. (The foundation also doesn't appear to have a website and was once called the Emerson Collective Foundation — not to be confused with Emerson Collective, a for-profit company focused on education, immigration reform, media, health and other areas.)

But big money is involved. In 2019, the nonprofit's total assets mounted to $1.8 billion. In the same year, the foundation gave $95 million to the Silicon Valley Community Foundation.

Lisa Jackson, Apple's vice president of Environment, Policy and Social Initiatives, will chair the foundation. She previously served in the Obama administration as the administrator of the Environmental Protection Agency.

Axios reports that a "top executive leader" will be named soon and staffing and grants have started.

Comments

JS1
Registered user
Another Palo Alto neighborhood
on Sep 30, 2021 at 7:29 pm
JS1, Another Palo Alto neighborhood
Registered user
on Sep 30, 2021 at 7:29 pm

Wow! THANK YOU, Loraine!!!!!!


What Will They Do Next
Registered user
Old Palo Alto
on Oct 1, 2021 at 11:18 am
What Will They Do Next, Old Palo Alto
Registered user
on Oct 1, 2021 at 11:18 am

When and until the rest of the world gets on board with taking active measures to clean up the environment, this money will largely be wasted. The U.S. can't do it all. The United Nations is relatively useless and China, India et al need to be held accountable for their lack of action on this issue.


Joe Tighe
Registered user
Palo Alto Hills
on Oct 4, 2021 at 3:46 am
Joe Tighe, Palo Alto Hills
Registered user
on Oct 4, 2021 at 3:46 am

Amazing leadership Laurene!
Waiting for world leaders and NGOs is not an option... Just as Steve changed the world of computing, one man or woman can change the world by backing the right technologies...
Thank you!


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