David Rubenstein, Wendy Schmidt and Peter Kovler join Katie Couric to discuss a new kind of philanthropy. (Washington Post Live)

Wendy Schmidt spoke at The Post’s 2016 Transformers live journalism event May 18 in Washington, D.C. Learn more here.

“Philanthropy came to me kind of by necessity. After Google went public, we had a responsibility to think, ‘What do you do with this? How do you not just make contributions to things but how do you help to transform the world?’ That’s the motivation.

“The oceans are so big, so vast. When my mother was born in 1931, there were 2 billion people on the planet, and now we’re almost 8 billion. The pressure of humanity, the human footprints on the resources of the planet is something we need to address today and understand how to live within the living systems we can see. When you look at the scheme of the systems that we live in, we’re relatively small.

“I think if we’re going to survive, we’ve got to figure out where we fit. What do we need, what do we need to preserve, what can we use, what do we need to regenerate, in a more circular economy rather than a wasteful one?”

Wendy Schmidt
President of the Schmidt Family Foundation and co-founder of the Schmidt Ocean Institute


We need inventors to fill innovation black holes and help U.S. economy