The mission of the academic social sciences is to understand and ameliorate society’s greatest challenges. The data held by private companies hold vast potential to further this mission. Yet, because of their interaction with highly politicized issues, customer privacy, proprietary content, and differing goals of business and academia, these datasets are often inaccessible to university researchers. We propose here a model for industry-academic partnerships that addresses these problems via a novel organizational structure: Respected scholars form a commission which, as a trusted third party, receives access to all relevant firm information and systems, and then recruits independent academics to do research in specific areas, following standard peer review protocols, funded by nonprofit foundations, and with no pre-publication approval required. We also report on a partnership we helped forge under this model to make data available about the extremely visible and highly politicized issues surrounding the impact of social media on elections and democracy. In our partnership, Facebook will provide privacy-preserving data and access; seven major politically and substantively diverse nonprofit foundations will fund the research; and an eighth will oversee the peer review process for funding and data access.