This recovery means that Stanford Athletics’ dedicated endowments, including the DAPER Investment Fund, are more strongly positioned and additional resources can … When you've written 100 books, what's 5. #SiliconValley #Stanford #collegesports. Alumni and supporters are also encouraged to email athletics@stanford.edu with questions, concerns or ideas. @2021 Stanford University A cross-functional team will ensure messages sent to that address reach the appropriate parties and receive a timely response. Dain serves as a Committee Member on the Stanford University DAPER (Athletics Department) Investment Fund. Although some public and media narratives have not reflected this, Athletics and university leadership have been consistently engaged on this topic with a broad range of constituents including student-athletes, alumni, faculty and donors since July. When you're wireless in White Plaza, Bud was a founder of the DAPER Investment Fund and served as a director for thirty-three years. Get personalized recommendations to help reduce your environmental footprint. He serves on several non-profit boards, including Stanford University’s DAPER Investment Fund and Teach for America (Dallas/Fort Worth region). Below are additional questions and answers about this decision. Mr. Benninger currently is a member of the Board of Directors of: 1) Caesars Entertainment Corp., the largest gaming company in the U.S., 2) Video King LLC, the largest bingo equipment company in No. But his proudest achievement, he said, was establishing the DAPER Investment Fund on behalf of Stanford's athletic program. To that end, over the past year, Athletics has experienced unprecedented fundraising success, and we are looking forward to building on this momentum as we partner with our alumni, parents and friends to support our remarkable student-athletes and ensure the continued competitive success of their teams. I want to give back to help ensure unique and transformative experiences for future generations. Member of LODATO Committee since 1992 … Lodato's public service extended beyond campus. The athletic board honored him in 1987 with its Outstanding Service Award, which now bears his name. Based on the circumstances now before us, we believe such an approach can succeed. How will alumni and other supporters work with Stanford’s development staff to raise the necessary funds to endow these programs? Many individuals have stepped up to pledge funds in support. 10. Stanford News is a publication of Stanford University Communications. Did external pressures influence this decision? An Eagle Scout, he directed the San Mateo Boy Scouts Council for many years. 6. He also serves on the boards of the WAVC, the World Affairs Council, the Stanford GSB Venture Fund and DAPER Investment Fund. next? Once the 36 Sports Strong proposal was brought forth, university leaders met with leaders from the 36 Sports Strong group, and President Tessier-Lavigne asked the Board of Trustees to review the proposal and provide input to university management. However, we believe that with the support of our alumni and friends we can successfully move forward with 36 sports. What will happen if Stanford is unable to raise the funds needed to operate these 11 sports? None of the more than 240 student-athletes on these 11 teams has finalized a transfer to another institution. Tim serves on the Advisory Council of the College of Engineering at Notre Dame and chairs the Notre Dame California initiative. These activities coincided with improvement in the financial investment markets over the last 10 months. The new head coach was Bill Walsh, who would win three bowl games in his first three years at Stanford and four Super Bowls after joining the San Francisco 49ers. Coleman is a member of the Board of Directors of the DAPER Investment Fund, a co-investment fund of the Stanford Management Company, the entity which directs the investment of approximately $26 billion of endowment and related funds for Stanford University. Today, Walsh describes him as "the very essence, the very symbol of Stanford and its athletic program.". In the 1960s, he headed a task force to strengthen East Palo Alto's economy. This critical initiative will continue. SMC is the fiduciary for the $30 billion Merged Pool, which comprises the substantial majority of Stanford’s investable assets. 8. In accordance with longstanding practice and policy, Stanford will not comment publicly on the details of future decisions related to coach contracts. Our hope is that student-athletes who had begun to explore the possibility of transferring will choose to complete their undergraduate degree and varsity athletics career at Stanford. Important: When you select this option, you must sign a statement that acknowledges you are investing at your own risk and you understand these funds are not reviewed, selected, endorsed or monitored by Stanford’s Retirement Program Investment Committee or any plan fiduciary. Finally, over recent months Athletics has been working with student-athletes to evaluate and enhance opportunities for student-athlete engagement and consultation on the issues that are most important to them. The 101st. Have the structural financial challenges facing Stanford Athletics improved? Stanford DAPER Investment Fund Jun 2013 Education Council Member Stanford LEAD Council Nov 2017 - Present 3 years 6 months. These boards will continue to be composed of dedicated volunteers representing the diverse interests, passions and constituencies that exist among the Stanford Athletics community. Meier Hall is the result of a gift in their honor from their children. Opens in new window. As previously announced, Stanford will honor all existing coach contracts. Bob serves as a member of the Board of the Stanford Institute for Economic Policy Research (SIEPR) and President of Stanford’s DAPER Investment Fund. Turned out his instincts were right. 18.05.2021 - Stanford University leadership announced on May 18, 2021, that 11 varsity athletics teams slated for discontinuation at the end of the 2020-21 academic … The Stanford Business School Trust, Stanford Engineering Venture Fund, DAPER Investment Fund, etc.) In recent months, Stanford alumni have demonstrated new, vigorous and broad-based philanthropic interest in Stanford Athletics. The broad engagement with many constituents, productive conversations with 36 Sports Strong and favorable changes to the financial outlook ultimately led to President Tessier-Lavigne, Provost Drell and Director of Athletics Muir reaching this decision, after consultation with the Board of Trustees and campus leadership. In this case, the changing conditions led us to re-evaluate the potential to raise the increased funds necessary to support all 36 teams. Tim serves on the Board of Directors for Catholic Charities San Francisco and on the finance committee for the Archdiocese of San Francisco. Tim is a Director on the Stanford University Daper Venture Investment Fund. © Stanford University. He received his Bachelor of Arts and MBA from Stanford University, and remains actively involved in the Stanford community. of. We look forward to engaging with our supporters to understand the ways they would like to make a difference for Stanford Athletics and to connecting them with funding opportunities that will allow them to support the teams and priorities that matter most to them. Co-lead was Grayhawk Capital, an Arizona based technology fund. Only one coach from the 11 sports has departed Stanford thus far. ... along with improving financial investment markets that have bolstered the athletics program’s dedicated endowments like the DAPER Investment Fund… The decision last July came down primarily to finances and competitive excellence. Endowment funds constitute three-quarters of the Merged Pool. Similar to other areas of the university, the Office of Development works with alumni and friends to advance Stanford through philanthropy. It was not until very recently that a viable path to financial sustainability and competitive excellence for all 36 sports came into focus through significant positive changes in our financial outlook. Join a community exemplifying environmental stewardship To download an electronic fund transfer form, please visit the Giving to Stanford website. We listened to and reviewed all outreach from our extended community, as we do for any issue, to ensure all perspectives received thoughtful consideration. Additionally, Athletics is redoubling its commitment to sharing information with and seeking input from its existing boards. He served on Stanford’s DAPER (Department of Physical Education and Recreation) Investment fund. DAPER Investment Fund Jan 1992 - Present 29 years 4 months. A dedicated staff focused on Athletics, alongside fundraising professionals across the institution, will work with alumni, parents and friends of Stanford Athletics to increase philanthropic support and create endowments benefitting scholarships, coachships, individual sports and Athletics priorities. We are committed to supporting 36 sports at the varsity level, including these 11 sports. We were disappointed by these suits since it was well known that we were engaged in these discussions, and we are pleased to be embarking on a more positive path. Our investment team works seamlessly across asset classes to monitor Stanford’s investment portfolio and identify new opportunities around the world. What changed since last July to produce this decision? Graduate student and game designer Kathryn Hymes joined speech pathologists, fellow designers and people with aphasia – a disorder affecting communication – to develop three games that support language recovery and social engagement. 13. How will Stanford engage Athletics alumni, supporters and student-athletes moving forward? Twitter - share an article. What will happen to coaches who already left Stanford? Securities. Tony has also championed Stanford through his involvement in the DAPER Investment Fund, the Stanford Alumni Association, The Stanford Challenge, and the Stanford Institute for Economic Policy Research Advisory Board. His is also a member of the Board of the Stanford Institute for Economic Policy Research (SIEPR) and Past President of Stanford’s DAPER Investment Fund. Athletics leadership is currently evaluating its staffing needs moving forward. But his proudest achievement, he said, was establishing the DAPER Investment Fund on behalf of Stanford's athletic program. there are perks and pitfalls you never dreamed Why did it take the time it did to reach this conclusion? Lodato, whose service to Stanford went well beyond bringing Walsh to the Farm, died July 24 in Menlo Park of a rare form of lung cancer. He has served as chair of the Athletic Board and as co-chair of his 50 th undergraduate reunion campaign. 7. The leaders of 36 Sports Strong have concurred with this assessment in our discussions, and it should be a source of confidence for everyone in the Cardinal community. Steven holds a B.S. As expected, the decision last summer drew a wide range of reactions and emotions. When a search committee led by Frank Lodato Jr. recruited a newcomer to coach Cardinal football in 1977, Lodato confided to his son Doug, '76, "I've either found the best football coach in the country and no one knows it yet, or I've been completely snowed.". The Fund’s investment mandate is geographically flexible, and the investment pipeline will vary from year to year based on students’ interests and market activity. Stanford University is able to accept gifts to Stanford Athletics via electronic fund transfer payments. The son of an Italian immigrant railroad worker, Lodato grew up in San Mateo during the Depression. He is also a former member of the Stanford Alumni Board. He attended Stanford on the GI bill, earning a BA in economics and a master's in education before launching his career in venture capital. He received a BS in Mathematics and Computer Science from Santa Clara University and an MBA from Stanford GSB. Our aspiration is to support 36 sports at a level that enables sustained success at the highest level of intercollegiate athletics. Mr. Benninger currently is a member of the Board of Directors of: 1) Caesars Entertainment Corp., the largest gaming company in the U.S., 2) Video King LLC, the largest bingo equipment company in No. While we were aware of two lawsuits filed on this subject last week, our discussions with 36 Sports Strong and other constituencies were already far along, and we reached the conclusion we are announcing today independent of their filing. No. Some of his current investments include Drop, Gen.G, Genies, Lyric, MasterClass, Omio, Opendoor, Plaid, PlayVS, Robinhood, Stride Health, and Zero Financial. The changing conditions led us to re-evaluate the potential to raise the increased funds necessary to support all 36 teams. Why I give. Stanford, California 94305. Facebook - share an article. The Stanford Fund Make a difference in the life of a student. It was Bud’s pleasure to serve on the Stanford Athletics Board and the Buck Club, and he was a tireless fundraiser for the university. Not only does DAPER not charge Stanford students an athletics fee (students at Cal contributed $1.44 million in fees to their athletics department in 2014), but the allocation that DAPER … Stanford University says William "Rick" Singer, the mastermind behind the college admissions bribery scandal, approached seven coaches about potential sports recruits over … The fund has grown from $300,000 to $40 million since its creation in 1982. The Fund is an evergreen fund that invests in early-stage for-profit ventures seeking both financial and social and environmental returns. Stanford University leadership announced on May 18, 2021, that 11 varsity athletics teams slated for discontinuation at the end of the 2020-21 academic year will continue competing as varsity teams. He is a past board member of Children's Health Council and Peninsula Family YMCA and is a donor to the Stanford DAPER Investment Fund. 4. What was the decision-making process and who was consulted? Courtney Kozel , Head of Investor Relations Courtney is Head of Investor Relations for Star Peak Corp II and Star Peak Energy Transition Corp. Courtney also currently serves as a Director within Magnetar’s Investor Relations group. 1. Jeff is an active mentor and leader in the Bay Area community; he serves on the board of Stanford Athletics, the DAPER Investment Fund, The GSB Trust, the Stanford School of Engineering Advisory Council, and he also runs a regular basketball game that … 12. Did the two lawsuits recently filed against Stanford influence this decision? Her husband, Tony Meier, ’57, has been involved with many Stanford causes including the DAPER Investment Fund, The Stanford Challenge and the advisory board to the Stanford Institute for Economic Policy Research. In 1988, Lodato received the Gold Spike Award, the University's highest honor for fund-raising service. 9. Historically, he was involved with Braintree (acquired by PayPal), Gaikai (acquired by Sony), and Pure Energies (acquired by NRG). What will happen to staff members whose positions were eliminated last summer? Lodato is survived by his wife, Dorothy; three sons, Thomas, Douglas and Mark; his daughter, Jane; two stepdaughters, Lori Thomas and Karen Easton; and eight grandchildren. Mike is a frequent volunteer at Stanford University, currently serving as the national chair of The Stanford Fund, as co-chair of the Precourt Energy Institute Advisory Council, and as a member of the Undergraduate Cabinet, the DAPER Fund, and the Parents’ Advisory Board. In addition to conducting its day-to-day investment work, the investment staff also teaches undergraduate and graduate students. Stanford gave me the best college experience I could have ever imagined, and provided me with passionate, supportive lifelong friends. Moving forward, Athletics plans to enhance the frequency and depth of communications to alumni, both from the department and directly from the specific programs in which alumni are most interested. What will happen to student-athletes who already transferred to other institutions? |. Known as the definitive team player and "idea man," Lodato sat on Stanford's board of trustees, athletic board and hospital board, co-founded both the Center for Economic Policy Research and the Humanities and Sciences Forum, and launched the Cardinal Club to support women's athletics after the passage of Title IX in 1972. Maurice Werdegar is the CEO of Western Technology Investment, a venture debt company. Intermediate term reserves from school and units A portion of the Expendable Funds Pool (EFP), at the discretion of the University’s Chief Financial Officer Does this decision mean Stanford has compromised its vision for the pursuit of excellence in all varsity sports? He was 73. Over 4,500 mutual funds offered through Fidelity BrokerageLink®, Fidelity’s self-directed brokerage service. Stanford co-term students Cole McFaul and Caroline Zhang have been selected as 2021 Yenching Academy Scholars and will begin master’s programs in Chinese Studies at Peking University in the fall. Some of those positions were directly related to the sport discontinuations, while others were part of unrelated department restructuring. To make a gift of securities please contact the Stanford Management Company at (650) 721-1917. 3. Those boards include the Board of Trustees Special Committee on Athletics, the Stanford Athletics Board, the DAPER Investment Fund and the Buck/Cardinal Club Board. In 1944, at age 17, he enlisted in the Air Force; by age 19, he was a first sergeant in the Asia Occupation Forces. He is also a member of the DAPER Investment Fund for the Stanford Athletic Department and has served on the Board of Directors of 10 search fund acquired businesses. Coleman is a member of the Board of Directors of the DAPER Investment Fund, a co-investment fund of the Stanford Management Company, the entity which directs the investment of approximately $26 billion of endowment and related funds for Stanford University. Mike is a frequent volunteer at Stanford University, currently serving as the national chair of The Stanford Fund, as co-chair of the Precourt Energy Institute Advisory Council, and as a member of the Undergraduate Cabinet, the DAPER Fund, and the Parents’ Advisory Board. Two Stanford students named 2021 Yenching Scholars, Stanford funds community projects to address pandemic challenges, Games as therapy for people with language loss. Education DAPER Investment Fund supports Stanford Athletic Department/Stanford University. After thorough consideration and analysis, both last summer and over recent months, university leadership and the Board of Trustees and other advisors reaffirmed that Stanford Athletics continues to be managed with the highest attention to financial rigor. The structural financial challenges – lagging revenue opportunities relative to competing institutions and cost increases occurring broadly in collegiate athletics – remain. 2. 11. The athletic board honored him in 1987 with its Outstanding Service Award, which now bears his name. His … Other investment assets include non-endowment gifts, other reserves, and funds relating to the Stanford Hospital and the Lucile Packard Children’s Hospital. As part of substantive expense-saving measures implemented last summer, nearly 10% of varsity staff positions were eliminated. The fund has grown from $300,000 to $40 million since its creation in 1982. He served on and chaired the Central Coastal Conservation Commission in the 1970s. in Electrical Engineering from Stanford University and an M.B.A. from Stanford Business School, where he was an Arjay Miller Scholar. Events. The Office of Community Engagement, in collaboration with the Bill Lane Center for the American West, has provided over $200,000 in funding to faculty-led projects co-created with community organizations in San Mateo and Santa Clara counties to accelerate solutions to pandemic impacts. This recovery means that Stanford Athletics’ dedicated endowments, including the DAPER Investment Fund, are more strongly positioned and additional resources can be drawn from them to support athletics programs as private fundraising efforts ramp up. He received an MBA from the Harvard Business School with Baker Scholar honors, an MS in economics from the London School of Economics, and a BA in economics from Stanford University. Opens in new window. Electronic Fund Transfers. Additional participants include Seed San Diego, the Stanford University DAPER fund, Peninsula Ventures, a Bay Area-based enterprise technology venture fund, and Tallwave Capital, an Arizona-based B2B technology venture fund.
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