Silicon Valley is widely known for being a home base for the thriving and often lucrative technology industry. It is a mecca for start-up companies, entrepreneurs and IT professionals. Often, these individuals work long, hard hours innovating new products and ultimately changing the world through their innovations. In addition, many of these young individuals also earn vary large salaries and are compensated well for their efforts. Some criticize these professionals for not being philanthropic with their growing cash reserves, but the professionals often state that they are busy working and will have time later in life to give back. Right now, some say, they are giving to the world in the form of their hard work and innovations. However, there is one very notable exception to this, and that is the Jobs family.
Who Is the Jobs Family?
Steve Jobs, co-founder and former CEO of Apple, is a household name recognized by many for his hard work, innovations and incredible wealth. While he passed away in October 2011 due to pancreatic cancer, his legacy lives on. More than that, his widow, Laurene Powell Jobs, continues to give generously to various organizations. She also has founded and continues to run several charitable organizations.
A Closer Look at Laurene Powell Jobs
Laurene was born in 1963, and she married Steve Jobs in 1991. The couple have three children together. Laurene graduated from the University of Pennsylvania, and she is known for founding the Emerson Collective and co-founding College Track. Emerson Collective is an organization that is focused on immigration reform, education, the environment and other issues. College Track helps disadvantaged high school students become ready to attend college. When Steve Jobs passed away, Laurene was granted control over the Steven P. Jobs Trust, and the name changed to the Laurene Powell Jobs Trust. Through this trust, she controls approximately 140 million shares of Disney stock, making her the largest shareholder in that company. According to Forbes, she was the 29th most powerful woman in the world in 2014.
While the Jobs family has given back to the community through efforts by the Emerson Collective and College Track, their philanthropic efforts generally do not have a tie to the family itself. Laurene is widely known as the founder and co-founded of these organizations, but these are tax-exempt organizations that are not required to report donations in the same way a foundation is required to. This means that the donations and funding that her family provides to these organizations is anonymous. Her work for them may be widely known, but it is not known how much money her family has gifted to the organizations themselves. Laurene states that they prefer to give back and to help others without tying their family name to it.
While it is known that she is an active philanthropist, it is not known what the significance of her efforts actually is. By all accounts, she intends to keep her financial donations and contributions to these organizations anonymous.