Image source: Wikimedia Commons
Earth Alliance, a new non-profit environmental powerhouse to help address the urgent threats to our planet’s life support systems has launched, founded upon the passion of its three co-chairs: environmental activist and Academy Award-winning actor Leonardo DiCaprio, businesswoman and philanthropist Laurene Powell Jobs, and investor and billionaire philanthropist Brian Sheth.
The partnership builds upon the trio’s existing humanitarian organizations. Powell Jobs’ Emerson Collective, the Leonardo DiCaprio Foundation (LDF) and the Global Wildlife Conservation chaired by Sheth, will pool resources to respond to the factors causing destruction to planet Earth. The initiative aims to create impact by providing grants and educational opportunities, building capacity, engaging indigenous and local communities, and working with grassroots organizations and individuals in the places most affected by biodiversity loss and climate change.
Powell Jobs - Steve Jobs's widow - established for-profit social impact firm, the Emerson Collective, in 2004, using the foturne she inherited from her deceased husband, which included $20 billion from stakes in Apple and Disney. Besides environment investments, she has also focused on immigration and education.
Meanwhile, DiCaprio has been championing eco-initiatives for 21 years. The LDF has invested over $100 million in grants for projects in all five oceans, across all seven continents. “I am proud to partner with them [Powell-Jobs and Sheth] to form this new larger, nimble platform that shares resources and expertise while identifying the best programs to drive real change around the planet,” said the actor and environmentalist.
The Sheth Sangreal Foundation, founded by Sheth and his wife, will fund the operational costs for the Alliance, allowing 100 % of additional funding to go directly towards environmental programs, grants and public campaigns. The 43-year-old worked at Bain Capital, Goldman Sachs and Deutsche Morgan Grenfell, before launching his private equity firm Vista Equity Partners in 2000 with Robert Smith.