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Ellevate Network

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dba Ellevate Network
Formation1997 (1997)
FounderJanet Hanson
TypeProfessional association
PurposeWomen in the workforce, Gender equality
HeadquartersNew York, NY
CEO
Anusha Harid-Paoletti
Websiteellevatenetwork.com
Formerly called
85 Broads Unlimited, LLC

Ellevate Network (officially 85 Broads Unlimited, LLC dba Ellevate Network) is a Global Community of women committed to fostering and promoting gender equality in the workplace. The organization provides women and allies with a community to lean on and learn from through community, online and offline education, inspiration, and opportunity. Founded in 1997[1] to bring high-achieving women in finance together, the network now serves women across industries and around the world. Its CEO is Anusha Harid-Paoletti and Owner/Managing Partner is Allyson McDonald.

As of January 2024, the organization has a community of over 280,000 members, guests and allies across the globe[2] and has over 40 chapters primarily in the United States, with international locations in Dubai, London, Madrid, and Toronto.[3]

History

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Ellevate was founded in 1997 as 85 Broads by Janet Hanson.[4] Hanson had formerly worked at Goldman Sachs and formed the organization as an alumnae network for women who had left the firm. The name came from the address of New York's Goldman Sachs office.[1]

Sallie Krawcheck, former head of global wealth management at Merrill Lynch, acquired 85 Broads Unlimited LLC in 2013 and rebranded the organization as Ellevate in 2014.[5][6][7] When Krawcheck acquired the network,[8] it was broadly accepted as a move "that could send a shock wave through the financial services sector."[9] Krawcheck responded by underlining the importance of women's engagement in economy and cited the year 2013 as a "tipping point" for women in the workplace.[10] Following Krawcheck's acquisition, Hanson stayed involved with the organization as Chairman Emeritus and as an advisor to Krawcheck.[11] The organization's name derives from the French pronoun "elle," meaning "she" and Ellevate's core purpose of elevating women at work.[12]

In late 2022, Allyson McDonald, investor and former President of Ellevate Network, purchased the organization from Krawcheck. Ally McDonald is the Managing Member and majority owner. Janet Hanson has retained her interest in the organization and is a key member of Ellevate's Advisory Board. McDonald recently announced the appointment of Anusha Harid-Paoletti as CEO of Ellevate Network

Services

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Ellevate Network hosts global events through our system of Chapters, giving women the opportunity to connect and to expand their professional and personal networks. Additionally, members, guests and allies have access to monthly interactive Roundtable presentations/discussions. Each Roundtable (Executive, Ellevate, and Entrepreneur) is curated specifically for each member audience. Ellevate Network also provides squads to professional women, an innovative online program that uses technology to help professional women get ahead in business by leveraging Ellevate’s community to lean on and learn from. Special events, opportunities, and advice are all available for young professionals, working mothers, entrepreneurs, and senior executives.[13]

Partnerships

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On March 21, 2016, Ellevate announced a partnership with American Corporate Partners, a women's veteran mentoring program.[14][15] In 2014, Ellevate partnered with Pax World Management to form the Pax Ellevate Global Women's Index Fund, a fund focused on companies with significant representation of women in director and officer positions.[16]

References

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  1. ^ a b "Connecting Best and Brightest Women — Janet Hanson 85 Broads". Wharton Work/Life. 19 June 2014. Retrieved 2016-03-24.
  2. ^ Sheils, Merry (2019-06-19). "Ellevate Network—A Network for Women that Works". Woman Around Town. Retrieved 2019-12-06.
  3. ^ "Chapters | Ellevate". www.ellevatenetwork.com. Retrieved 2019-12-06.
  4. ^ "Management: A Corporate Alumni Network Just for Women". archive.nytimes.com. Retrieved 2019-12-06.
  5. ^ "85 Broads is changing its name to Ellevate, will invest in women via index fund, Sallie Krawcheck says - Bizwomen". The Business Journals. Retrieved 2016-03-24.
  6. ^ Marcinek, Laura (15 May 2013). "Krawcheck to Acquire 85 Broads From Ex-Goldman Executive". Bloomberg.com. Retrieved 2016-03-24.
  7. ^ Brannigan, Maura (2013-05-15). "Sallie Krawcheck Buys Women's Networking Group 85 Broads". Marie Claire. Retrieved 2019-12-06.
  8. ^ "Sallie Krawcheck Acquires 85 Broads". CNBC. 2013-05-20. Retrieved 2019-12-06.
  9. ^ EST, Abigail Jones On 12/23/14 at 12:46 PM (2014-12-23). "Sallie Krawcheck Wants to Take Women to the Top of Business". Newsweek. Retrieved 2019-12-06.{{cite web}}: CS1 maint: numeric names: authors list (link)
  10. ^ "Krawcheck To Acquire 85 Broads From Former Goldman Executive". www.fa-mag.com. Retrieved 2019-12-06.
  11. ^ "Sallie Krawcheck Is Buying Women's Networking Group '85 Broads'". Business Insider. Retrieved 2018-01-11.
  12. ^ "About | Ellevate". www.ellevatenetwork.com. Retrieved 2019-12-06.
  13. ^ "Women's networking groups find life offline". Crain's New York Business. 2014-06-19. Retrieved 2019-12-06.
  14. ^ "American Corporate Partners Launches Mentoring Initiative for Transitioning Women Veterans". acp-usa.org. Retrieved 2016-03-24.
  15. ^ "Help a Transitioning Female Veteran Find Her Next Career". www.ellevatenetwork.com. Retrieved 2016-03-24.
  16. ^ Alden, William (4 June 2014). "Sallie Krawcheck Opens an Index Fund Focused on Women". DealBook. Retrieved 2018-01-11.
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