Out of her mourning,Steve Jobs’s widow takes strides on philanthropic stage

Still wearing her wedding ring,Laurene Powell Jobs works to transform individual lives.

Written by New York Times | New York | Published: May 18, 2013 11:30 am

By PETER LATTMAN & CLAIRE CAIN MILLER

Marlene Castro knew the tall blonde woman only as Laurene,her mentor,whom she met every few weeks in a rough Silicon Valley neighbourhood the year she was applying to college. Without Laurene’s help,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 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,” 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 Castro’s mentor,has been her priority and focus.

Now,less than two years after Steve 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. Last month,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 Jobs’s. “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 Laurene for two decades.

“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 per cent of what she actually does,and that’s the most I can say.”

While some people said Laurene should have started a foundation in 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,” Laurene told 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. Steve 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 per cent stake in the company,and she has benefited from the stock having more than doubled since her husband died in October 2011.

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.

Like many technology titans,Jobs was criticized for not giving away as much money as he could. He did not give publicly during his life — though there have been rumours 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.

Ms Powell Jobs,who still wears her diamond wedding ring,did not want to discuss her husband or her children with The Times. And when asked if she would join the Giving Pledge,she demurred.

“Whether someone signs something is not what’s important,” she said. “It’s what they do and how they do it that matters.”

Laurene,49,worked for three years at Goldman Sachs,after which she attended Stanford Business School. In 1989,when 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,” 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. Jobs died at 56 after a long battle with pancreatic cancer. Laurene,a food lover,lives with her children in the same unpretentious red brick home she and Jobs bought two decades ago,where they raise bees and send friends Christmas baskets with hand-labeled Mason jars of honey.

Laurene 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 programme,which operates in a number of locations including East Palo Alto and New Orleans,has trained more than 1,400 students and sent 90 per cent of them to college.

Last year,to be with her grieving family,she decreased her board seats to five from eight. But she also became a trustee at Stanford,which is near her home in Palo Alto.

Laurene 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 30-minute film,’The Dream Is Now’,is viewable online and being shown at college campuses across the US.

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