Arnold Ventures

Last updated
Arnold Ventures
Founded2008 [1]
Founder
Type LLC
Key people
Website www.arnoldventures.org

Arnold Ventures LLC (formerly known as the Laura and John Arnold Foundation) is a limited liability company focused on evidence-based philanthropy in a wide range of areas including criminal justice, education, health care, and public finance. The organization was founded by billionaires John D. Arnold and Laura Arnold in 2008. [2] [3]

Contents

The organization has funded a wide range of studies and programs in health care, education reform, criminal justice, and initiatives in open science and metascience. [2]

History

The Laura and John Arnold Foundation was initially created as a philanthropic organization, but was restructured as a limited liability company (LLC) and renamed Arnold Ventures in January 2019. [4] The organization's LLC structure is intended to allow it to operate more efficiently and cohesively. [5]

The Arnolds were among the first to sign the Giving Pledge in 2008, [6] a commitment by high-net-worth individuals to donate a significant portion of their wealth to philanthropic causes during their lifetimes. [3]

Since 2010, the organization has invested more than $1 billion in philanthropic efforts, focusing on using expert research and statistical analysis to drive systemic social change. [7] In August 2012, the foundation launched the Giving Library to assist other philanthropists in making their donations more effective. [8] Arnold Ventures has published guidelines based on the Open Science Framework that researchers seeking funding must follow. [9]

In 2018, the organization donated $204.3 million. [10] As of 2021, Arnold Ventures had made over $1 billion in grants. [11]

Areas of focus

The Arnolds apply an investment management approach to philanthropy, targeting a significant portion of their giving toward high-risk efforts with the potential to drive long-term change, while also supporting established institutions to sustain their ongoing work. [12]

Criminal justice

As of 2021, Arnold Ventures allocated $316 million in grants for its criminal justice initiative. [11] An overview of criminal justice reform in the United States by GiveWell listed the Arnold Foundation as one of the top foundations in this field. [13]

Partnerships

In March 2019, Arnold Ventures announced the creation of the National Partnership for Pretrial Justice, aimed at bringing together stakeholders from various sectors affected by pretrial policies. [14] By November 2020, the organization had committed $48 million to the partnership. [15] Arnold Ventures also supports the Council on Criminal Justice, a bipartisan group formed in 2019 to improve the criminal justice system. The Council's initial projects included exploring incarceration trends by race and gender and examining the impact of the 1994 Crime Bill. [16]

Gun Violence Research

In July 2019, Arnold Ventures provided $9.8 million for 17 research grants awarded by the National Collaborative on Gun Violence Research. [17] These grants are funding studies on topics such as background check laws, the role of firearms in domestic violence, gun-carrying by high-risk youth, and police training for high-stakes situations. [17]

Prison violence and health

In June 2020, Arnold Ventures donated $2.7 million to the University of California, Irvine (UCI) to study the sources and consequences of prison violence in seven states. The goal of the three-year study is to develop evidence-based strategies to reduce and prevent violence. [18] The participating states are Arizona, Colorado, Massachusetts, Ohio, Oregon, Pennsylvania, and Texas. [18]

As of April 2021, the organization had committed $7.8 million to COVID-19-related criminal justice grants, supporting initiatives such as alternatives to arrest, pretrial reforms, and the release of vulnerable inmates. [19]

Data-Driven Justice

The foundation funded Data-Driven Justice, a program initiated by the Obama administration in 2016 to identify repeat low-level offenders with substance abuse or mental health issues and provide targeted interventions. In 2018, the foundation pledged $1.6 million for pilot programs in Middlesex County, Massachusetts; Long Beach, California; and Johnson County, Iowa. [20] In May 2018, the foundation announced $4.1 million in grants to help communities address the needs of "frequent utilizers"—individuals who frequently cycle between jails and hospitals. [21]

In 2011, the Vice President of Criminal Justice at the then-LJAF, former New Jersey Attorney General Anne Milgram, led the development of a risk assessment tool called the Public Safety Assessment (PSA) for use in pretrial release decisions. [22] The PSA has been the subject of controversy, including a 2017 lawsuit brought by a family whose son was allegedly murdered by a man granted pretrial release based on the PSA. [23] In 2020, a U.S. Appellate Court upheld the dismissal of the complaint. [22]

In 2016, the foundation donated $360,000 to a trial of continuous aerial surveillance in Baltimore, Maryland, using drones. The project, funded by the LLC, was implemented without the knowledge of local authorities, leading to legal challenges and public outcry. [24] [25]

In 2019, the foundation committed $17 million in grants to study the effectiveness of prisons in the U.S. as part of the criminal justice system. [26]

Education

As of 2020, Arnold Ventures had spent $425 million on education-related grants. [11]

In May 2012, Reuters reported that the Laura and John Arnold Foundation had committed $20 million over five years to an initiative called StudentsFirst, led by Michelle Rhee, former head of the Washington, D.C. public school system. [27] [28]

On June 26, 2012, the foundation launched the ERIN Project, a tool for analyzing the national K-12 education landscape. [29] [30]

Arnold Ventures partnered with other organizations to create The City Fund in 2018, a nonprofit focused on improving public schools using the portfolio model. Under this model, school systems invest in schools that deliver good results and close or change those that do not. The City Fund raised nearly $200 million in its first year. [31]

In March 2020, Arnold Ventures gave $3 million to The City Fund to help schools during the coronavirus pandemic. The money was distributed among the 14 cities where the group has active grants. [32]

Public finance and democracy

In 2016 and 2018, the foundation joined other donors in providing $40 million to end gerrymandering and implement open primaries and ranked choice voting. [33] In 2018, Arnold Ventures partnered with six organizations to sponsor an independent committee of scholars to conduct research on Facebook’s role in elections and democracy. The Social Science Research Council oversaw the research proposal selection and peer-review process. [34]

The foundation has funded various politically-oriented 501(c)4 organizations. Many focus on tax and retirement policies.

LJAF’s pension reform efforts have been controversial. [35] [36] However, the foundation's goal has been to identify failed systems and propose viable alternatives. [37] Even critics acknowledge the need for reform. [38] In 2014, public pension systems faced shortfalls exceeding $1 trillion, contributing to the bankruptcy filings of two cities in California and Michigan. [38]

In July 2014, the Arnold Foundation donated $2.8 million to the Center for Public Integrity to support a project focused on state campaign finance. The foundation has also funded think tanks and research institutes focused on public pension issues, including the libertarian Reason Foundation and Boston College’s Center for Retirement Research. [37] In 2016, the foundation and unions in Arizona supported a ballot measure that reduced cost-of-living payments to retired police and firefighters. [37]

Health care

By 2020, Arnold Ventures had donated $347 million to health care initiatives, including $5.67 million to the Center for Healthcare Transparency, $23.19 million to the Nutrition Science Initiative, and $1.67 million to the Research Triangle Institute. [39] Arnold Ventures was one of three organizations that invested in Civica RX, a nonprofit focused on reducing drug costs. [39] [10] Fifty large hospital systems partnered with Civica RX. [10]

Arnold Ventures donated $27.6 million to the Institute for Clinical and Economic Review (ICER), accounting for 69% of its funding. ICER conducts cost analyses of prescription drugs and medical procedures using metrics like the quality-adjusted life year (QALY) and Equal Value of Life Years Gained (evLYG). Arnold Ventures’ work through ICER has been praised for standardizing drug pricing but has faced criticism for potentially limiting investment in treatments for elderly patients or those with rare diseases. [40]

In January 2021, the organization helped fund the Action Collaborative on Countering the U.S. Opioid Epidemic, formed by the National Academy of Medicine and the Aspen Institute to address the risks posed by the COVID-19 pandemic to people with substance use disorders and chronic pain. [41]

Research integrity

One of the first projects funded by the foundation was research into obesity, inspired by John Arnold's interest after hearing an interview with Gary Taubes on the EconTalk podcast. [2] This led to a $4.7 million seed grant to the Nutrition Science Initiative (NuSI), a nonprofit co-founded by Taubes and Peter Attia to investigate the causes of obesity. [2] [42] The foundation later promised an additional $35.5 million. [2] It also funds The Nutrition Coalition, which advocates for changes in how the Dietary Guidelines for America are formulated. [42]

The foundation provided a $5.25 million grant to launch the Center for Open Science, followed by an additional $10 million in funding by 2017. [2] The Center has undertaken reproducibility projects to confirm the validity of published scientific research. [2]

The foundation also funded the launch of the Meta-Research Innovation Center at Stanford at Stanford University, led by John Ioannidis and Steven Goodman, to study ways to improve scientific research; [2] and supported the AllTrials initiative co-led by Ben Goldacre. [2]

As of 2017, Arnold Ventures had given around $80 million in grants under its "Research Integrity" initiative. [2]

Related Research Articles

Omidyar Network is a self-styled "philanthropic investment firm," composed of a foundation and an impact investment firm. Established in 2004 by eBay founder Pierre Omidyar and his wife Pam, Omidyar Network has committed over US$1.5 billion to nonprofit organizations and for-profit companies across multiple investment areas. According to the OECD, Omidyar Network's financing for 2019 development increased by 10% to US$58.9 million.

<span class="mw-page-title-main">Craig Newmark</span> American entrepreneur, Craigslist founder

Craig Alexander Newmark is an American internet entrepreneur and philanthropist best known as the founder of the classifieds website Craigslist. Before founding Craigslist, he worked as a computer programmer for IBM, Bank of America, and Charles Schwab. Newmark served as chief executive officer of Craigslist from its founding until 2000. He founded Craig Newmark Philanthropies in 2015.

<span class="mw-page-title-main">Atlantic Philanthropies</span> Private philanthropic foundation

The Atlantic Philanthropies (AP) was a private foundation created in 1982 by American businessman Chuck Feeney. The Atlantic Philanthropies focused its giving on health, social, and politically left-leaning public policy causes in Australia, Bermuda, Ireland, South Africa, the United States and Vietnam. It was among the largest foreign charitable donors in each of the countries in which it operated, and was the single largest funder of programs that encouraged the civic engagement of older people and of comprehensive immigration reform in the United States. With the single largest advocacy grant ever made by a foundation, the Atlantic Philanthropies committed $27 million to win passage of the Affordable Care Act in the United States. About half of the Atlantic Philanthropies' grants were made in donations that allow lobbying.

John Douglas Arnold is an American philanthropist, former Enron executive, and founder of Arnold Ventures LLC, formerly the Laura and John Arnold Foundation. In 2007, Arnold became the youngest billionaire in the U.S. His firm, Centaurus Advisors, LLC, was a Houston-based hedge fund specializing in trading energy products that closed in 2012. He now focuses on philanthropy through Arnold Ventures LLC. Arnold is a board member of Breakthrough Energy Ventures and since February 2024, is a member of the board of directors of Meta.

The Global Fund for Women is a non-profit foundation funding women's human rights initiatives. It was founded in 1987 by New Zealander Anne Firth Murray, and co-founded by Frances Kissling and Laura Lederer to fund women's initiatives around the world. It is headquartered in San Francisco, California. Since 1988, the foundation has awarded over $100 million in grants to over 4,000 organizations supporting progressive women's rights in over 170 countries. Ms. Magazine has called the Global Fund for Women "one of the leading global feminist funds."

<span class="mw-page-title-main">Brennan Center for Justice</span> Liberal law and public policy institute at New York University School of Law

The Brennan Center for Justice at New York University School of Law is a liberal or progressive nonprofit law and public policy institute. The organization is named after Supreme Court Justice William J. Brennan Jr. The Brennan Center advocates for public policy positions including raising the minimum wage, opposing voter ID laws, and calling for public funding of elections. The organization opposed the U.S. Supreme Court's ruling in Citizens United v. FEC, which held that the First Amendment prohibits the government from restricting independent political expenditures by nonprofit organizations.

<span class="mw-page-title-main">Dustin Moskovitz</span> American billionaire internet entrepreneur (born 1984)

Dustin Aaron Moskovitz is an American billionaire internet entrepreneur who co-founded Facebook, Inc. with Mark Zuckerberg, Eduardo Saverin, Andrew McCollum and Chris Hughes. In 2008, he left Facebook to co-found Asana with Justin Rosenstein. In March 2011, Forbes reported Moskovitz to be the youngest self-made billionaire in the world, on the basis of his then 2.34% share in Facebook. As of June 2024, his net worth is estimated at US$23 billion by the Bloomberg Billionaires Index.

The Koch family is an American family engaged in business, best known for their political activities and their control of Koch Industries, the 2nd largest privately owned company in the United States. The family business was started by Fred C. Koch, who developed a new cracking method for the refinement of heavy crude oil into gasoline. Fred's four sons litigated against each other over their interests in the business during the 1980s and 1990s.

Jon Lloyd Stryker is an American architect, philanthropist, and billionaire heir to the Stryker Corporation medical technology company fortune.

<span class="mw-page-title-main">Koch network</span> Charles G. and David H. Koch and their activities in US politics

Charles G. and David H. Koch (1940–2019), sometimes referred to as the Koch brothers, have become famous for their financial and political influence in United States politics with a libertarian, more specifically, right-libertarian or American-style libertarian political stance. From around 2004 to 2019, with "foresight and perseverance", the brothers organized like-minded wealthy libertarian-oriented conservatives, spent hundreds of millions of dollars of their own money to build an "integrated" and "stealth" network of think tanks, foundations, "grassroots" movements, academic programs, advocacy and legal groups to "destroy the prevalent statist paradigm" and reshape public opinion to favor minimal government. As of mid 2018, the media has been encouraged to refer to the "Koch network" rather than the "Koch brothers".

<span class="mw-page-title-main">Holden Karnofsky</span> American nonprofit executive

Holden Karnofsky is an American nonprofit executive. He is a co-founder and Director of AI Strategy of the research and grantmaking organization Open Philanthropy. Karnofsky co-founded the charity evaluator GiveWell with Elie Hassenfeld in 2007 and is vice chair of its board of directors.

Good Ventures is a private foundation and philanthropic organization in San Francisco, and the fifth largest foundation in Silicon Valley. It was co-founded by Cari Tuna, a former Wall Street Journal reporter, and her husband Dustin Moskovitz, one of the co-founders of Facebook. Good Ventures adheres to principles of effective altruism and aims to spend most or all of its money before Moskovitz and Tuna die. Good Ventures does not have any full-time staff, and instead distributes grants according to recommendations from Open Philanthropy.

<span class="mw-page-title-main">Bloomberg Philanthropies</span> Charitable organization

Bloomberg Philanthropies is a philanthropic organization that encompasses all of the charitable giving of founder Michael R. Bloomberg. Headquartered in New York City, Bloomberg Philanthropies focuses its resources on five areas: the environment, public health, the arts, government innovation and education. According to the Foundation Center, Bloomberg Philanthropies was the 10th largest foundation in the United States in 2015, the last year for which data was available. Bloomberg has pledged to donate the majority of his wealth, currently estimated at more than $54 billion. Patti Harris is the CEO of Bloomberg Philanthropies.

<span class="mw-page-title-main">Robert F. Smith (investor)</span> American businessman and philanthropist (born 1962)

Robert Frederick Smith is an American billionaire businessman and philanthropist. He is the founder, chairman, and CEO of private equity firm Vista Equity Partners. He graduated from Cornell University with a chemical engineering degree and from Columbia Business School with an MBA, before working as an investment banker at Goldman Sachs.

<span class="mw-page-title-main">Chan Zuckerberg Initiative</span> American Philanthropic organization

The Chan Zuckerberg Initiative (CZI) is an organization established and owned by Facebook founder Mark Zuckerberg and his wife Priscilla Chan with an investment of 99 percent of the couple's wealth from their Facebook shares over their lifetime. The CZI is legally set up as a limited liability company (LLC) that can be seen as a for-profit charity and is an example of philanthrocapitalism. CZI has been deemed likely to be "one of the most well-funded Philanthropies in human history". Chan and Zuckerberg announced its creation on 1 December 2015, to coincide with the birth of their first child. Priscilla Chan has said that her background as a child of immigrant refugees and experience as a teacher and pediatrician for vulnerable children influences how she approaches the philanthropy's work in science, education, immigration reform, housing, criminal justice, and other local issues.

Open Philanthropy is a research and grantmaking foundation that makes grants based on the principles of effective altruism. It was founded as a partnership between GiveWell and Good Ventures. Its current chief executive officer is Alexander Berger, and its main funders are Cari Tuna and Dustin Moskovitz. Moskovitz says that their wealth, worth $16 billion, "belongs to the world. We intend not to have much when we die."

The Wyss Foundation is a charitable organization based in Washington, D.C. Founded by philanthropist Hansjörg Wyss, it was established in 1998. The foundation has provided funding to conservation, environmental journalism, education, museums, and progressive political advocacy.

Laura Arnold is an American philanthropist and co-founder of Arnold Ventures LLC. In addition to serving as co-chair of Arnold Ventures, Arnold became a founding partner of the REFORM Alliance, a national criminal justice advocacy organization in 2019. Prior to her work in philanthropy, she was a mergers-and-acquisitions lawyer and an executive at Cobalt International Energy.

<span class="mw-page-title-main">Charles and Lynn Schusterman Family Philanthropies</span> US-based philanthropic organization

Charles and Lynn Schusterman Family Philanthropies is a philanthropic organization founded in 1987 in Tulsa, Oklahoma.

References

  1. ↑ "Laura and John Arnold donate $10 million to help Head Start amid government shutdown". CBS News. October 8, 2013.
  2. 1 2 3 4 5 6 7 8 9 10 Apple, Sam (January 22, 2017). "The Young Billionaire Behind the War on Bad Science". Wired.
  3. 1 2 Piper, Kelsey (2019-02-07). "Why this billion-dollar foundation is becoming a corporation". Vox. Retrieved 2020-12-21.
  4. ↑ Piper, Kelsey (2019-02-07). "Why this billion-dollar foundation is becoming a corporation". Vox. Retrieved 2020-11-03.
  5. ↑ Steverman, Ben (12 December 2019). "Two Texas Billionaires Think They Can Fix Philanthropy". Bloomberg. Retrieved April 20, 2021.
  6. ↑ "Two Texas Billionaires Think They Can Fix Philanthropy". Bloomberg.com. 2019-12-12. Retrieved 2020-12-21.
  7. ↑ "The Power Issue: John and Laura Arnold Are Guiding Philanthropy Into the Age of Big Data". Texas Monthly. 2018-11-19. Retrieved 2020-12-28.
  8. ↑ Kroll, Luisa (August 14, 2012). "Billionaire John Arnold And His Wife Launch Giving Library". Forbes.
  9. ↑ "Guidelines for Investments in Research". Arnold Foundation. Retrieved 2020-12-23.
  10. 1 2 3 "Arnold Ventures is developing innovative solutions to persistent problems". TMC. 3 June 2019. Archived from the original on 2019-06-17. Retrieved 2020-12-28.
  11. 1 2 3 "Grants". Laura and John Arnold Foundation. Laura and John Arnold Foundation. Archived from the original on 2013-11-24. Retrieved September 1, 2021.
  12. ↑ "The Bold Philanthropy of Laura and John Arnold Embraces Risks and Bets Big". The Bridgespan Group. February 7, 2013.
  13. ↑ "Criminal Justice Reform". GiveWell. 13 May 2014. Retrieved May 14, 2014.
  14. ↑ Moxley, Abby Schultz and Mitch. "Changemakers: The Leaders Reshaping Communities Around the World". www.barrons.com. Retrieved 2020-12-08.
  15. ↑ Au-Yeung, Angel. "Election 2020: These Billionaires Want To Abolish The Cash Bail System In California — For Good". Forbes. Retrieved 2021-02-18.
  16. ↑ "National leaders start group for bipartisan criminal justice reform". Christian Science Monitor. 2019-07-23. Retrieved 2020-12-08.
  17. 1 2 "Gun Violence Researchers Find Their Field at a Crossroads". The Trace. 2019-09-10. Retrieved 2020-11-12.
  18. 1 2 "$2.7 million gift by Arnold Ventures to UCI funds most comprehensive prison violence study to date". UCI News. 2020-06-29. Retrieved 2021-02-24.
  19. ↑ "Fault Lines: How a Leading Criminal Justice Funder Is Navigating a Historic Moment". Inside Philanthropy. 25 August 2020. Retrieved 2021-04-19.
  20. ↑ "Data drives effort to support repeat, low-level offenders". Boston Herald. 2018-05-02. Retrieved 2020-12-11.
  21. ↑ "LJAF Awards $4.1 Million for 'Frequent Utilizer' Initiative". Philanthropy News Digest. Archived from the original on 2019-11-04. Retrieved 2020-12-23.
  22. 1 2 "June Rodgers v. Christopher Christie, No. 19-2616 (3d Cir. 2020)". Justia Law. Retrieved 2020-12-03.
  23. ↑ "Who stays in jail before trial? Who goes free? Sometimes, an algorithm helps decide". Milwaukee Journal Sentinel. Retrieved 2019-06-10.
  24. ↑ Oxenden, McKenna (6 November 2020). "A divided federal appeals court rules Baltimore's surveillance plane is constitutional, cites city's struggles". Yahoo News. Baltimore Sun. Retrieved April 20, 2021.
  25. ↑ Opilo, Emily (26 January 2021). "Texas philanthropists say they're backing out of financing surveillance plane technology that flew over Baltimore". Baltimore Sun. Retrieved April 20, 2021.
  26. ↑ "Two Texas Billionaires Think They Can Fix Philanthropy". Bloomberg.com. 2019-12-12. Retrieved 2020-12-02.
  27. ↑ Simon, Stephanie (May 15, 2012). "Michelle Rhee, Education Activists Targeting U.S. Schools, Backed By Big Bucks". Huffington Post (originally from Reuters).
  28. ↑ Simon, Stephanie (June 25, 2012). "StudentsFirst Spending: National Education Reform Group's Partial Tax Records Released". Huffington Post (originally from Reuters).
  29. ↑ "Laura and John Arnold Foundation Launches Powerful K-12 Education Tool". Ed Surge. 2012-06-26.
  30. ↑ "Erin Project roadmap for education initiatives - EdSurge News". EdSurge. 2012-07-11. Retrieved 2020-12-23.
  31. ↑ "Currents: The Nation is Watching" (PDF). Baton Rouge Area Foundation.
  32. ↑ Cuccinello, Hayley C. "Billionaire Tracker: Actions The World's Wealthiest Are Taking In Response To The Coronavirus Pandemic". Forbes. Retrieved 2020-12-23.
  33. ↑ "Commentary: How philanthropy could fix America's broken politics". Fortune. Retrieved 2020-12-08.
  34. ↑ "Facebook, Foundations, and Democracy: Putting the 'R-word' Back Into Philanthropy". Philantopic. Archived from the original on 2018-04-19. Retrieved 2020-12-23.
  35. ↑ Cohn, Gary (September 24, 2013). "Promise Breakers: How Pew Trusts Is Helping to Gut Public Employee Pensions". Huffington Post (originally from Frying Pan News).
  36. ↑ Hiltzik, Michael (February 28, 2014). "First PBS, now Brookings: Has another institution sold its soul?". Los Angeles Times .
  37. 1 2 3 "John Arnold: The Most Hated Man in Pensionland". www.governing.com. 22 March 2017. Retrieved 2020-12-08.
  38. 1 2 Levine, Marianne (31 December 2014). "Enron billionaire frets about public pensions' solvency". POLITICO. Retrieved 2020-12-08.
  39. 1 2 "This billionaire couple is taking on Big Pharma to lower your prescription drug prices". NBC News. Retrieved 2020-11-16.
  40. ↑ Roland, Denise (4 November 2019). "Obscure Model Puts a Price on Good Health—and Drives Down Drug Costs". Wall Street Journal. Retrieved April 20, 2021.
  41. ↑ "Substance Use Disorders: Funding For Prevention". Health Affairs. 40 (1): 174–175. 2021-01-01. doi:10.1377/hlthaff.2020.02280. ISSN   0278-2715. PMID   33400580. S2CID   230782688.
  42. 1 2 Purdy, Chase; Bottemiller Evich, Helena (October 7, 2015). "The money behind the fight over healthy eating". Politico.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.