Ambition. Drive. A bit of impatience. A solid grasp on the value of money. The same qualities that lead to storied careers can make for powerful philanthropy.
After speeding through Vanderbilt in just three years, John Arnold became a star energy trader at Enron before starting his own enormously successful hedge fund, Centaurus Advisors. His wife, Laura, received degrees from Harvard, Cambridge, and Yale Law School, and has held prestigious positions in law and academia.
Having accomplished so much by their mid-30s, the Arnolds were faced with the question, what next? Uninterested in “dynastic wealth,” in 2008, the Arnolds responded to a higher calling when they founded the Laura and John Arnold Foundation (LJAF), with a mission to achieve transformational change. That same year, the Arnolds signed The Giving Pledge, vowing to give more than half of their net worth to charity.
It was a bold move, even for a young couple with a high risk tolerance. But having written checks for a number of years and watched as problems persisted, the Arnolds knew they needed to do more. Not surprisingly, they’ve laid out an aggressive agenda to realize substantial reforms to pension plans, education, and criminal justice, all in the next decade.
More Remarkable GiversLaura and John Arnold's Videos
- Achieving transformational change: Laura Arnold views endemic problems as opportunities for impact
- A good idea is not enough: How Laura and John Arnold pursue systemic change
- A head start: Starting philanthropy early gives Laura and John Arnold a market advantage
- An “aha moment”: Laura and John Arnold realized the need for systemic change
- Answer this first: How much time can you spend on philanthropy? John Arnold asks
- Beyond politics: How Laura and John Arnold address politicized issues without getting political
- Concentrating resources in philanthropy: Laura and John Arnold make bigger investments in fewer organizations
- Defining success in philanthropy: Laura and John Arnold aim for transformative change within 10 years
- Don’t follow the crowd: John Arnold advocates for testing your own beliefs, regardless of their popularity
- Forgoing the tax deduction? Laura and John Arnold on why they don’t let the tax code define their battlefield in philanthropy
- For-profit vs. nonprofit investments: Why the Arnolds say they are the same
- How philanthropy has changed the way Laura Arnold sees herself and the world
- How to get big, bold change: Laura Arnold shares a multifaceted strategy for pension reform
- Ideal candidate: How Laura and John Arnold knew they’d found their new foundation president
- Influencing education from the bottom up: Laura and John Arnold learn local grassroots politics
- Making education reforms last: The Arnolds embrace advocacy to protect progress in education reform
- No grant solicitations: The Arnolds actively search for funding opportunities that fit their strategies
- Placing a high value on talent: Laura and John Arnold invest in their staff
- Real success: How Laura Arnold’s ambitions have changed over time
- Risk tolerance: Laura and John Arnold are open to failure in their philanthropy
- Staying involved in your foundation: How Laura and John Arnold spend their time in philanthropy
- Taking a step back: Laura and John Arnold stopped writing checks to further understand the complexity behind education reform
- Taking time to build your philanthropic reputation: For Laura and John Arnold, their successes are spreading and creating new opportunities
- That’s winning? Laura and John Arnold share what’s different about measuring success in policy work
- The best part of philanthropy: Laura and John Arnold love meeting and working with “brilliant” people from different fields to make a difference
- Two checkbooks: Laura and John Arnold separate their foundation giving from opportunities outside the scope of the LJAF's mission
- Unified front: For Laura and John Arnold, the first test is each other
- Value of money: Why John Arnold’s mother made him deliver the soda
- What else is important? John Arnold explains his turn to philanthropy
- Where to work: When choosing causes, Laura and John Arnold search for viable paths