Ellen R. Malcolm is an American activist with a long career in American politics, particularly in political fundraising. She founded EMILY's List in 1985 and served as its president until 2010.

EMILYs List is an American political action committee (PAC) that aims to help elect Democratic female candidates in favor of abortion rights to office. It was founded by Ellen Malcolm in 1985. The group's name is an acronym for "Early Money Is Like Yeast". Malcolm commented that "it makes the dough rise". The saying refers to a convention of political fundraising: receiving many donations early in a race helps attract subsequent donors. EMILYs List bundles contributions to the campaigns of Democratic women in favor of abortion rights running in targeted races.