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jerryking : endowments   40

White men run 98% of finance. Can philanthropy bring change?
June 16, 2019 | Financial Times | by Rob Manilla.

Q: How do you achieve change at the decision making level in the finance industry when diversity moves at glacial pace?
asset_management  diversity  endowments  hedge_funds  finance  foundations  Kresge  meritocratic  philanthropy  private_equity  real_estate  results-driven  social_enginering  structural_change  under-representation  white_men  women 
june 2019 by jerryking
Philip Knight of Nike to Give $400 Million to Stanford Scholars - The New York Times
By ALESSANDRA STANLEY FEB. 24, 2016

megagifts to elite universities have their critics, who argue they are more about prestige and ego than academic excellence. “This is just part of the crazy arms race between the top schools with no connection to reality,” said Malcolm Gladwell, a writer for The New Yorker and the author of “The Tipping Point” who posted scathing Twitter messages last year about Mr. Paulson’s gift to Harvard. “If Stanford cut its endowment in half and gave it to other worthy institutions,” he said, “then the world really would be a better place.”

According to the Council for Aid to Education, less than 1 percent of the nation’s colleges received 28.7 percent of all gifts in 2015.
Philip_Knight  Nike  entrepreneur  philanthropy  Stanford  Colleges_&_Universities  problem_solving  scholarships  elitism  endowments  prestige  ego 
february 2016 by jerryking
The Chinese Billionaire Zhang Lei Spins Research Into Investment Gold
By ALEXANDRA STEVENSONAPRIL 2, 2015
By ALEXANDRA STEVENSONAPRIL 2, 2015

With an $18 billion war chest, Zhang Lei is one of China’s richest investors.

Starting 10 years ago with $20 million from Yale University’s endowment, Mr. Zhang was an early backer of companies like Tencent and JD.com, businesses that have shaken up traditional industries across China. Now he thinks these companies could stir things up globally.

“China could be one of the engines to this whole global innovation revolution,” Mr. Zhang said in an interview at the Hong Kong office of his firm, Hillhouse Capital Group, in one of the city’s tallest skyscrapers, with sweeping views of Victoria Harbor.

Across the ocean in Silicon Valley, Mr. Zhang represents China’s new entrepreneurial class. He has consulted with the likes of Mark Zuckerberg and Jeff Bezos, and visited with start-ups like Airbnb.
Zhang_Lei  high_net_worth  moguls  investors  MIT  Yale  endowments  Colleges_&_Universities  China  Chinese 
april 2015 by jerryking
America’s elite: An hereditary meritocracy
Jan 24th 2015 | The Economist | Anonymous.

America has always had rich and powerful families, from the floor of the Senate to the boardrooms of the steel industry. But it has also held more fervently than any other country the belief that all comers can penetrate that elite as long as they have talent, perseverance and gumption....But now, the american elite is self-perpetuating by dint of school ties, wealth....Today’s elite is a long way from the rotten lot of West Egg. Compared to those of days past it is by and large more talented, better schooled, harder working (and more fabulously remunerated) and more diligent in its parental duties. It is not a place where one easily gets by on birth or connections alone. At the same time it is widely seen as increasingly hard to get into.

Some self-perpetuation by elites is unavoidable; the children of America’s top dogs benefit from nepotism just as those in all other societies do. But something else is now afoot. More than ever before, America’s elite is producing children who not only get ahead, but deserve to do so: they meet the standards of meritocracy better than their peers, and are thus worthy of the status they inherit....wealthy parents pass their advantage(s) on to their children....
Colleges_&_Universities  elitism  hereditary  Matthew_effect  nepotism  education  values  parenting  public_education  legacies  admissions  alumni  endowments  SAT  social_mobility  self-perpetuation  super_ZIPs  opportunity_gaps  college-educated  upper-income  compounded  meritocratic  cultural_transmission 
january 2015 by jerryking
U of T Launches School of Public Health
Summer 2008 | University of Toronto Magazine | By Christa Poole.
$20-million gift from Paul Dalla Lana creates new medical hub
uToronto  entrepreneur  real_estate  endowments  angels  moguls  public_health  philanthropy 
march 2013 by jerryking
Endowments: Ivory-towering infernos
Dec 11th 2008 | The Economist |From the print edition.

As Mr Swensen explains in his influential book, “Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment”, which was published in 2000, the “permanent” endowments of universities (and of some charitable foundations) meant that they could be the ultimate long-term investors, able to ride out market downturns and liquidity droughts.

By investing heavily in illiquid assets, rather than the publicly traded shares and bonds preferred by shorter-term investors, an institution with an unlimited time horizon would earn a substantial illiquidity premium.
Yale  Harvard  time_horizons  endowments  Colleges_&_Universities  illiquidity  alternative_investments  private_equity  institutional_investors  long-term  books 
february 2013 by jerryking
Just Past the Ivied Halls, Endowments Suffer - NYTimes.com
By CLAIRE CAIN MILLER and GERALDINE FABRIKANT
Published: November 25, 2008

help universities reduce their losses in secondary investments. Negotiate with six more major universities to handle the management, marketing and sales of their private equity portfolios.
Colleges_&_Universities  secondary_markets  endowments  foundations  Claire_Cain_Miller 
november 2011 by jerryking
Venture Capital Investors, Lesson Learned, Do More Homework - NYTimes.com
By CLAIRE CAIN MILLER
August 9, 2011

the market for investing in tech start-ups remains white-hot. Still,
some investors are proceeding with extreme caution.

Saying they learned their lesson in the dot-com boom and bust, and the
2008 recession, the institutional investors — pension funds, university
endowments and foundations — that put money in venture capital funds are
more selectively choosing the firms in which they invest, doing
exhaustive research before handing over money, and in some cases driving
hard bargains for more favorable management fees and shares of profits.
cautionary_tales  venture_capital  vc  limited_partnerships  due_diligence  investment_research  Claire_Cain_Miller  institutional_investors  selectivity  pension_funds  endowments  foundations  lessons_learned  bubbles  economic_downturn 
august 2011 by jerryking
It's good to be smart
Nov 30, 2010 |The Globe and Mail. pg. A.24 | editorial.

It may be 20 years, or 50, before there is a direct payoff from the BMO Sir Isaac Newton Chair in Theoretical Physics at the Perimeter Institute in Waterloo, Ont. Or from similar chairs to be named after Albert Einstein, Niels Bohr, Paul Dirac and James Clerk Maxwell. But the chairs are a wise investment that deserve emulating in other institutions in Canada.

It is not easy to be forward-looking in difficult times, but now is actually an excellent time to be investing in long-range projects that expand our intellectual capital. Why now? Because while other countries are hamstrung by economic problems, Canada is in decent enough shape to get a jump on attracting talent and stimulating innovation. In a borderless world economy, the value in becoming a magnet for scientists, engineers and entrepreneurs is immeasurable.

Abstract (Summary) Theoretical physics (the description of natural
phenomena in mathematical form) may seem like knowledge for knowledge's
sake. It is anything but, as Mike Lazaridis, the founder and co-chief
executive officer of the BlackBerry-maker Research in Motion Ltd., tells
it. The "next generation of value" will be intellectual capital, rather
than natural resources, he says.
Blackberry  BMO  borderless  broad-based_scientific_enquiry  editorials  endowments  forward_looking  hard_times  intellectual_capital  knowledge  Mike_Lazaridis  natural_resources  Perimeter_Institute  physics  physicists  RIM 
april 2011 by jerryking
U of T to curtail aggressive investing - The Globe and Mail
ELIZABETH CHURCH

From Monday's Globe and Mail Published on Monday, Feb. 22, 2010
uToronto  endowments  finance 
february 2010 by jerryking
Yale's Levin on the Age of Diminishing Endowments - WSJ.com
JUNE 6, 2009 | Wall Street Journal | By MATTHEW KAMINSKI.
Yale's president on campus politics and the future of higher education.
endowments  Yale  CEOs  Colleges_&_Universities 
june 2009 by jerryking
New Unrest on Campus as Donors Rebel - WSJ.com
APRIL 23, 2009 | The Wall Street Journal | by JOHN HECHINGER
donors  economy  endowments  recessions 
may 2009 by jerryking
Flexible Endowments Often Make Sense - WSJ.com
MAY 15, 2009 | Wall Street Journal | by Ward S. Curran. Letter
to the editor by Curran in response to "New Unrest on Campus as Donors
Rebel," page one, April 23, 2009.
letters_to_the_editor  endowments  chair  entrepreneurship 
may 2009 by jerryking
"A New Economic Reality"
May-June 2009 | | Harvard Magazine. Discusses the university's
financial gap and its ramifications. As world financial and economic
conditions have progressively deteriorated, “Our strong sense is that an
eventual recovery will take longer, and that we must therefore begin to
accommodate a new economic reality for the University.”
endowments  economic_downturn  implications  Harvard  austerity 
may 2009 by jerryking
Guest Speaker: The Real World | Printer-friendly version
October 2007 | Inc. Magazine | By George Gendron. Article
counsels to forget the elaborate business plans. Kids with passion are
our next great entrepreneurs.
entrepreneurship  Colleges_&_Universities  business_planning  endowments  Junior_Achievement 
may 2009 by jerryking
An idea whose time has come;
Mar 14, 2009. | The Economist. : Vol. 390, Iss. 8622; pg. 6 | Anonymous.
entrepreneurship  mobile_phones  cloud_computing  endowments 
march 2009 by jerryking
College Fund-Raising Outlook Darkens After Surge - WSJ.com
FEBRUARY 25, 2009 WSJ article by JOHN HECHINGER

A survey of 1,052 institutions conducted by the nonprofit Council for
Aid to Education. Fund raising in academia is highly sensitive to stock
prices because many donors, for tax reasons, give appreciated stock
instead of cash.
endowments  Colleges_&_Universities  crisis  philanthropy  fundraising  donors  donations 
february 2009 by jerryking
Planning a Start-Up? Help and Advise Abound - WSJ.com
JANUARY 18, 2009 article by the WSJ's KELLY K. SPORS detailing
by category the resources that are available to budding entrepreneurs.
entrepreneurship  resources  endowments  start_ups  Kelly_K._Spors 
january 2009 by jerryking
Dreamers and Doers
December 24, 2008 NYT article By JOHN SCHWARTZ on endowed
chairs being used to spread the gospel of entrepreneurship within
campuses beyond its usual home within a business school.
endowments  entrepreneurship  Colleges_&_Universities  residences  doers 
january 2009 by jerryking
Interview: Bill Simon, Philanthropist - WSJ.com
WSJ article on the importance of a charity hewing to the wishes of its founders; and on ensuring that the money is all spent.
charities  endowments  William_Simon  philanthropy  founders 
december 2008 by jerryking
Businesses See Opportunity in Empowering Women
Alternative in backing entrepreneurial studies--a chair supporting women.
endowments  entrepreneurship  women 
december 2008 by jerryking
Waterloo Institute's Big Bank
Article on Stephen Hawkins visiting Waterloo. Fodder for note to Pat Condon.
Kitchener-Waterloo  endowments  Stephen_Hawking 
december 2008 by jerryking

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