Omidyar Network Spins Off Education Initiative as New Entity

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Omidyar Network has announced that it is spinning off its global education initiative as an independent entity focused on the future of learning.

With $200 million already invested in more than a hundred for- and nonprofit organizations in the United States, Africa, and Latin America, Imaginable Futures, as the new entity is called, will be launched with an additional $150 million from Pierre and Pam Omidyar to fund its operations and investments over the next four years. Adopting the hybrid funding structure pioneered by ON — part philanthropic foundation and part impact investor — the organization will have the financial flexibility to support for-profit entrepreneurs as well as social- and public-sector changemakers working to create change at scale.

In announcing the launch on the United Nations' International Day of Education, organization officials affirmed that education is a human right, a public good and responsibility, and a powerful force for improving economic security and mobility, fostering individual health and well-being, and unlocking the innovation needed to build resilient and thriving societies. Recognizing that learning starts early and is unique to each person, and that education and economic advancement can significantly change a family's prospects for generations, Imaginable Futures will take a human-centered approach to learning that focuses on the whole learner.

"We know that learning has a unique ability to help people reach their full potential and become thriving, contributing members of their communities,” said Imaginable Futures managing partner Amy Klement. "However, in today's complex world, skill sets, relationships, and opportunities are evolving far faster than ever before. This results in a need to massively rethink not only what people learn but also how and when they learn. Imaginable Futures exists to support bold changemakers who are doing exactly that — so that every learner has the opportunity, tools, and support that they need to imagine, and to realize, a brighter future."

(Photo credit: Omidyar Network)