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Magnum, which is entirely owned by photographers, started its historic membership program back in 1955.
via Hyperallergic: https://hyperallergic.com/574749/magnum-photos-nominates-five-photographers-to-join-organization/
This year, Magnum presents five new prospects, who will first join the organization as nominees before potentially gaining admission to the Magnum collective as lifelong members. The international cohort includes Khalik Allah (USA), Sabiha Çimen (Turkey), Colby Deal (USA), Yael Martínez (Mexico), and Hannah Price (USA), and demonstrates an abiding interest in amplifying a diverse perspective, both in terms of photographer and subject.