Patrick J. McGovern Foundation and Cloudera Foundation Announce Historic Merger

In a definitive settlement signed March 30, Silicon Valley-based Cloudera Foundation will merge its employees, $9 million endowment, and $three million of current grants into the Patrick J. McGovern Foundation, a worldwide $1.5 billion knowledge science and AI philanthropy. The transfer — uncommon within the philanthropic sector — accelerates the creation of the Patrick J. McGovern Foundation’s Data and Society program, a first-of-its-kind initiative that may allow the nonprofit sector to leverage the transformative potential of knowledge science and AI for affect. Data and Society is a key pillar of the muse’s technique to foster an equitable, sustainable, and thriving world enabled by knowledge and AI.

“Data science and AI-based tools, deployed with purpose and social conscience, could improve nearly every part of the human experience. Enabling civil society to access these technologies will unlock transformational approaches to many of the world’s greatest challenges,” stated Patrick J. McGovern Foundation President Vilas Dhar. “I am honored by the trust of the Cloudera Foundation Board and leadership in joining us to create a new public resource that empowers data maturity in the civil sector. Backed by philanthropic capital and deep technical expertise, we are working together with social changemakers to advance a tech-enabled, human-centered future.”

The Cloudera Foundation was established in 2017 by the enterprise knowledge firm Cloudera, Inc. to offer entry to know-how, knowledge experience, and technical help to construct knowledge capability within the civil sector. This strategy has been piloted with seven social change organizations. Now, the Patrick J. McGovern Foundation will broaden, strengthen, and scale the strategy to ship international affect, serving as much as 100 nonprofits addressing the breadth of the United Nations Sustainable Development Goals.

“Our missions couldn’t be better matched,” stated Mike Olson, co-founder of Cloudera, Inc. and chairman of the Cloudera Foundation.  “We have seen how data and analytics enable nonprofits to work more effectively and increase their impact. With the leadership and resources of the Patrick J. McGovern Foundation, our team can do even more to help mission-driven organizations change the world.”

Nonprofits face vital obstacles to utilizing superior knowledge analytics, machine studying, and AI instruments to drive technique, development and affect. The gaps in information, tradition of knowledge use, and technical experience translate to alternative prices in effectivity, affect, and skill to scale options. Early adopters which have labored with the Cloudera Foundation and the Patrick J. McGovern Foundation have demonstrated the advantages of organizational integration of knowledge and AI instruments to know advanced challenges, information technique, help programming, and speed up optimistic outcomes.

“Accurate, reliable, and timely data, combined with AI, can play a critical role to advance our understanding of global problems and drive effective action. Through WRI’s Data Lab and Resource Watch, we are learning how to better leverage this information to develop solutions to complex, urgent challenges, like climate change,” stated Andrew Steer, President and CEO, World Resources Institute. “Today’s announcement underscores the Patrick J. McGovern Foundation’s commitment to advance non-profit capacity to use data and artificial intelligence for sustainable solutions for people and the planet.”

Cloudera Foundation’s CEO Claudia Juech will direct actions round knowledge enablement for nonprofits as Vice President of Data and Society on the Patrick J. McGovern Foundation. With an industry-leading group of knowledge scientists, technical specialists, and program managers, Data and Society will provide a spread of sector-building knowledge and AI companies together with:

  • Accelerator partnerships to equip organizations with instruments and experience to extract actionable insights from datasets
  • Multi-year partnerships with nonprofits that target holistic growth of knowledge maturity
  • Public workshops, convenings, and thought management for the civil sector

“With the Data and Society team, nonprofits will have access to technical experts committed to the use of technology for social good,” stated Juech. “We are prepared to meet nonprofits where they are in each of their data journeys and work alongside them to develop data maturity. We are eager to create and share a portfolio of use cases to provide practical examples of what’s possible in the field of data and AI for social change, guided by equity and the ethical use of data.”

The transaction is topic to receipt of regulatory approvals and different customary closing circumstances and is anticipated to shut within the second quarter of 2021. The definitive merger agreements have been suggested by Venable LLP for the Patrick J. McGovern Foundation and by Adler & Colvin LLC for the Cloudera Foundation.

The Patrick J. McGovern Foundation is a worldwide philanthropy bridging the frontiers of synthetic intelligence, knowledge science, and social affect to create a thriving, equitable, and sustainable future for all. With greater than 130 grants across the globe, the Foundation’s work spans climate change, digital health, social justice and pandemic response, tech education and workforce development, and knowledge and AI ethics.

The Cloudera Foundation is a Silicon Valley-based personal philanthropy established by Cloudera, Inc., the enterprise knowledge cloud firm. The basis works to allow nonprofits worldwide to make use of superior knowledge analytics and machine studying to enhance folks’s lives and defend the planet. The basis group collaborates with nonprofits to construct their knowledge engineering capability via direct entry to know-how, knowledge experience and technical help.

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Deborah O’Neil
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SOURCE Patrick J. McGovern Foundation

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https://www.mcgovern.org

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