The Patrick J. McGovern Foundation, a worldwide $1.5 billion information science and AI philanthropy, simply obtained even greater by way of a merger with the Cloudera Foundation in Santa Clara, Calif.
In a definitive settlement signed March 30, Cloudera Foundation will merge its workers, $9 million endowment, and $three million of current grants into the Patrick J. McGovern Foundation. The transfer accelerates the creation of the Patrick J. McGovern Foundation’s Data and Society program, an initiative that may allow the nonprofit sector to leverage the potential of knowledge science and AI for impression. Data and Society is a key pillar of the muse’s technique to foster an equitable, sustainable, and thriving world enabled by information and AI.
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, in accordance with an announcement from the foundations. The definitive merger agreements had been suggested by Venable LLP for the Patrick J. McGovern Foundation and by Adler & Colvin LLC for the Cloudera Foundation.
“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 information firm Cloudera, Inc., to offer entry to expertise, information experience, and technical help to construct information 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 world impression, 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.”
Cloudera Foundation’s CEO Claudia Juech will direct actions round information enablement for nonprofits as vice chairman of knowledge and society on the Patrick J. McGovern Foundation. With an industry-leading staff of knowledge scientists, technical specialists, and program managers,
Data and Society will supply a spread of sector-building information 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 improvement of knowledge maturity; and,
- 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.”