Kravis Takes Helm At Educational Charity

Jan 28 2014 | 1:04am ET

Kohlberg Kravis Roberts co-founder Henry Kravis was elected chairman of an education charity he donated $4 million to last year.

Kravis will lead the Sponsors for Educational Opportunity, which seeks to help prepare low-income students for college and business careers. The program makes an eight-year commitment to students, and offers them support through their college graduation.

“We’re thrilled to have Henry Kravis’ leadership to expand SEO Scholars and help more low-income students break the cycle of poverty by obtaining a college degree,” SEO CEO William Goodloe said. “He is deeply committed to the often-neglected students that SEO Scholars serves: those who are motivated to come to high school every day and wish to attend college.”

“SEO Scholars is a stellar model of what works, and it’s ready for expansion,” Kravis said. “The program’s nearly 100% college graduation is an incredible record of success.”

Kravis had given money to SEO every year since 2009, the year it began, and he and his wife’s gift last year doubled the number of available scholarships at the program.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of