Marlene Castro knew the tall blonde woman only as Laurene, her
mentor. They met every few weeks in a rough Silicon Valley neighborhood
the year that Ms. Castro was applying to college, and they e-mailed
often, bonding over conversations about Ms. Castro’s difficult
childhood. Without Laurene’s help, Ms. Castro said, she might not have
become the first person in her family to graduate from college.
It
was only later, when she was a freshman at University of California,
Berkeley, that Ms. Castro read a news article and realized that Laurene
was Silicon Valley royalty, the wife of Apple’s co-founder, Steven P.
Jobs.
“I just became 10 times more appreciative of her humility
and how humble she was in working with us in East Palo Alto,” Ms. Castro
said.
The story, friends and colleagues say, is classic Laurene
Powell Jobs. Famous because of her last name and fortune, she has always
been private and publicity-averse. Her philanthropic work, especially
on education causes like College Track, the college prep organization
she helped found and through which she was Ms. Castro’s mentor, has been
her priority and focus.
Now, less than two years after Mr.
Jobs’s death, Ms. Powell Jobs is becoming somewhat less private. She has
tiptoed into the public sphere, pushing her agenda in education as well
as global conservation, nutrition and immigration policy. Just last
month, for example, she sat down for a rare television interview,
discussing the immigration bill before Congress. She has also taken on
new issues, like gun control.
“She’s been mourning for a year and
was grieving for five years before that,” said Larry Brilliant,
president of the Skoll Global Threats Fund who is an old friend of Mr.
Jobs. “Her life was about her family and Steve, but she is now emerging
as a potent force on the world stage, and this is only the beginning.”
But she is doing it her way.
“It’s
not about getting any public recognition for her giving, it’s to help
touch and transform individual lives,” said Laura Arrillaga-Andreessen, a
philanthropist and lecturer on philanthropy at Stanford who has been
close friends with Ms. Powell Jobs for two decades. She is also the
daughter of a wealthy real estate developer in Silicon Valley and the
wife of Marc Andreessen, the venture capitalist.
“If you total up
in your mind all of the philanthropic investments that Laurene has made
that the public knows about,” she said, “that is probably a fraction of
1 percent of what she actually does, and that’s the most I can say.”
While
some people said Ms. Powell Jobs should have started a foundation in
Mr. Jobs’s name after his death, she did not, nor has she increased her
public giving.
Instead, she has redoubled her commitment to
Emerson Collective, the organization she formed about a decade ago to
make grants and investments in education initiatives and, more recently,
other areas.
“In the broadest sense, we want to use our
knowledge and our network and our relationships to try to affect the
greatest amount of good,” Ms. Powell Jobs said in one of a series of
interviews with The New York Times.
Still, the fortune she
inherited, making her the world’s ninth wealthiest woman, according to
the Bloomberg billionaires index, has catapulted her into the upper
echelon of global philanthropists. And that has led to certain
expectations.
Ms. Powell Jobs has a net worth estimated at $11.5
billion, according to Bloomberg, most of it in shares of the Walt Disney
Company. Mr. Jobs helped found the animation studio Pixar, which Disney
acquired in 2006 and paid for in stock. With 131 million shares, worth
about $8.7 billion, the Laurene Powell Jobs Trust is Disney’s largest
shareholder with a 7.3 percent stake in the company, and she has
benefited from the stock having more than doubled since her husband died
in October 2011.
Mr. Jobs also owned 5.5 million shares of Apple at the time of his death, and it is unclear whether she has sold her position.
“She
knows that she is in an unusual position and has the standing to have a
major impact on the world stage,” said Peter Seligmann, chief executive
of Conservation International, on whose board Ms. Powell Jobs sits. “It
will be fascinating to watch the choices that she makes.”
Like
many technology titans, her husband was criticized for not giving away
as much money as he could. Mr. Jobs did not give publicly during his
life — though there have been rumors of at least one major anonymous
gift, to a hospital.
He also declined to sign the Giving Pledge,
the organization started by Warren E. Buffett and Bill Gates to persuade
the country’s richest families to vow to give away at least half of
their fortunes. During the interview, Ms. Powell Jobs, who still wears
her diamond wedding ring, would not discuss her husband or her children.
And when asked if she would join the Giving Pledge, she demurred.
“Whether
someone signs something is not what’s important,” said Ms. Powell Jobs.
“It’s what they do and how they do it that matters.”
Ms. Powell
Jobs, 49, grew up in West Milford, N.J., and earned an undergraduate
degree from the University of Pennsylvania. She worked for three years
at Goldman Sachs as a fixed-income trading strategist. Her boss was Jon
Corzine, who would go on to run the firm and become governor of New
Jersey. After Goldman, she attended Stanford Business School. In 1989,
when Mr. Jobs visited the school to give a speech, he found himself
seated next to her.
“I looked to my right, and there was a
beautiful girl there, so we started chatting a bit while I was waiting
to be introduced,” Mr. Jobs told Walter Isaacson, the author of the
biography “Steve Jobs.”
They went out to dinner that evening,
married two years later, and together had three children. Mr. Jobs died
at 56 after a long battle with pancreatic cancer. Ms. Powell Jobs, a
food lover, lives with her children in the same unpretentious red brick
home she and Mr. Jobs bought two decades ago, where they raise bees and
send friends Christmas baskets with hand-labeled Mason jars of honey.
Ms.
Powell Jobs is best known in the education field for College Track,
which she started in 1997. The group helps prepare low-income students
from underserved communities for college, providing rigorous academic
training and extracurricular activities. The program, which operates in a
number of locations including East Palo Alto and New Orleans, has
trained more than 1,400 students and sent 90 percent of them to college.
Last
year, to be with her grieving family, Ms. Powell Jobs decreased her
board seats to five from eight. But she also became a trustee at
Stanford, which is near her home in Palo Alto.
Her involvement
with immigration flowed from College Track. In its early years, a number
of her students in the program were teenagers who had come to the
country, unauthorized, at a young age and finished high school, but then
could not obtain citizenship or receive any state or federal funds for
college.
“This continues to be a purgatory that they find
themselves in,” she said in an interview. “It is one of these issues
that seems discordant with what our country stands for.”
Ms.
Powell Jobs has become a leader in pushing for decade-old legislation
known as the Dream Act, a measure that would provide legal status for
immigrants who arrived in the country as young children. Last December,
she enlisted the Academy Award-winning documentary filmmaker Davis
Guggenheim to make a documentary about immigration. The two had met
through their work in education; Mr. Guggenheim’s most recent film,
“Waiting for Superman,” examined the crisis in America’s public schools.
“Laurene
asked me how much time I needed to make a movie, and I told her about a
year and a half,” Mr. Guggenheim said. “But she said that she needed
something done in three months because the legislation was coming up for
a vote.”
So instead of a creating a big feature with a broad
theatrical release, Ms. Powell Jobs commissioned a 30-minute film, “The
Dream Is Now,” which is viewable online and being shown at college
campuses across the country. Last month, Ms. Powell Jobs and Mr.
Guggenheim traveled to Washington with several young immigrants and
their families who were featured in the film; the purpose of the trip
was to screen the documentary for a group of lawmakers on Capitol Hill.
Ms. Powell Jobs said that while trying to make change in Washington can be frustrating, she remains devoted to her causes.
“Despite
the setbacks and the sometimes obstreperous political processes, once
we are committed to working in a field where we can help advance
knowledge or more equal opportunity, we cannot quit,” Ms. Powell Jobs
said. “I am so motivated by the stories of their students and their
families, and I don’t give up because they don’t give up.”
Last
December, Ms. Powell Jobs hired Russlyn H. Ali, who was assistant
secretary for civil rights at the United States Education Department, to
oversee education grants and investments at Emerson Collective. The
name of the group pays homage to Emerson’s essay “Self-Reliance.”
Ms.
Powell Jobs’s work is not limited to domestic issues. She has supported
numerous causes in Africa, and has visited the continent several times.
In 2010, she traveled to Congo with Ben Affleck and has provided
support to his organization, the Eastern Congo Initiative. Last year, as
a board member of Conservation International, she traveled to Botswana
for a meeting of sub-Saharan Africa heads of state.
“She’s a very
private person who might be more comfortable being in the back,” Mr.
Seligmann said. “But she’s a smart, amazing communicator who is also
very effective in the front.”
http://finance.yahoo.com/news/steve-jobs-widow-debuts-philanthropic-044821683.html
