Arnold Ventures LLC
Arnold Ventures LLC (formerly known as The Laura and John Arnold Foundation) is focused on evidence-based giving in a wide range of categories including: criminal justice, education, health care, and public finance. The organization was founded by billionaires John D. Arnold and Laura Arnold in 2010.[1][2]
The fund has invested in and funded a wide range of studies and programs in the areas of health care, education reform, criminal justice, and open science and metascience initiatives.[1]
History[edit]
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.[3] The organizations' limited liability company form is intended to allow the firm to operate in a much faster and more cohesive fashion.[4]
The Arnolds were among the first to sign the Giving Pledge in 2008,[5] a pledge by some high-net-worth individuals to donate a large percentage of their income to philanthropic causes during their lifetimes.[2]
Since 2010, the foundation has invested more than $1 billion in philanthropic efforts. The organization focuses on using expert research and statistical analysis to guide its efforts in creating systemic social change.[6] In August 2012, the foundation launched the Giving Library to help other philanthropists make their gifts more efficient and effective.[7] Arnold Ventures has published guidelines, based on the Open Science Framework, that anybody seeking research funding from them must follow.[8]
In 2018, the organization gave away $204.3 million.[9] As of 2021, Arnold Ventures made over $1 billion in grants.[10]
