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_how-one-billionaire-lost-millions-and-left-underserved-scholarship-students-in-limbo.jpg "On March 21, the roughly 70 employees of the Schuler Education Foundation, based in the affluent suburb of Lake Forest, Illinois, were summoned to an emergency all-hands meeting. Over the past two-plus decades, the nonprofit founded and funded by a former president of healthcare giant Abbott Laboratories, Jack Schuler, had spent at least $150 million counseling and tutoring more than 1,800 low-income students from Chicago and Milwaukee-area high schools to help them gain admission to elite colleges; those colleges in turn covered most (if not all) of the students’ tuition and other costs.<br/><br/>The employees, who first had to certify they wouldn’t record anything, were let into a Zoom room where the nonprofit’s executive director Joanne Bertsch read from a script announcing that the foundation would shut down on May 24. Everyone would be let go except for a skeleton crew of seven college counselors left to support students through August. <br/><br/>0:00 Introduction<br/>0:15 How Our Reporters Found Out About Jack Schuler<br/>3:05 Reporting On The Schuler Foundation<br/>5:45 Losing Money In The Market<br/>8:50 The Role Of Healthcare Stocks<br/>12:23 The Impact On Students And Colleges<br/>16:05 How The Foundation Behaved As Their Investments Lost Value<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/giacomotognini/2024/04/16/inside-the-collapse-of-a-former-billionaires-foundation-for-low-income-students/?sh=b52a7d62f78b<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
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_origin-2023.jpg "Origin is a 2023 American biographical drama film written and directed by Ava DuVernay. It is based on the life of Isabel Wilkerson, played by Aunjanue Ellis-Taylor, as she writes the book Caste: The Origins of Our Discontents. Over the course of the film, Wilkerson travels throughout Germany, India, and the United States to research the caste systems in each country's history.")
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_39opta-software-needs-updating39-arteta-dismisses-epl-prediction.jpg "Arsenal's Mikel Arteta joked the Opta supercomputer needs updating because the Gunners have a low chance of winning the title.")
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_fleeing-husband-please-love-me-all-over-again-full-ep-kim-channel.jpg "Fleeing Husband Please Love Me All Over Again Full EP")
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_political-leaders-recall-highs-and-lows-of-term-as-curtain-falls-on-the-european-parliament.jpg "As Members of the European Parliament gathered in Strasbourg for the last plenary session before June’s elections, Euronews asked the presidents of major political groups to reflect on the highs and lows of the past five-year mandate.")
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_oh-no-slept-with-my-husband-full-movie-kim-channel.jpg "Oh No! Slept with My Husband! Full Movie")
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_fish-return-to-the-seine-as-water-quality-improves.jpg "Fish return to the Seine as water quality improves<br/><br/>Wrestling with a large catfish in the middle of Paris, Bill Francois highlights the range of wildlife now living in the Seine. A physicist by day, Bill fishes in the river up to five times a week, surveying what he catches. While positive about improving water quality, Bill is concerned by plans to allow public swimming in the river from summer 2025, saying that it could threaten newly recovered aquatic habitats.<br/><br/>Video by AFP<br/><br/>Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe <br/><br/>Visit our website at https://www.manilatimes.net <br/><br/>Follow us: <br/>Facebook - https://tmt.ph/facebook <br/>Instagram - https://tmt.ph/instagram <br/>Twitter - https://tmt.ph/twitter <br/>DailyMotion - https://tmt.ph/dailymotion <br/><br/>Subscribe to our Digital Edition - https://tmt.ph/digital <br/><br/>Check out our Podcasts: <br/>Spotify - https://tmt.ph/spotify <br/>Apple Podcasts - https://tmt.ph/applepodcasts <br/>Amazon Music - https://tmt.ph/amazonmusic <br/>Deezer: https://tmt.ph/deezer <br/>Tune In: https://tmt.ph/tunein<br/><br/>#TheManilaTimes<br/>#tmtnews<br/>#seine<br/>#fish <br/>#france<br/>#paris")
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_river-tyne-could-be-used-to-heat-homes.jpg "City leaders are currently exploring plans that would see water from the Tyne used to provide low-carbon heat and hot water to new homes that will be built in the Forth Yards area of Newcastle.")
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_oh-no-i-slept-with-my-husband-full-part-1-kim-channel.jpg "Oh No! I Slept with My Husband FULL Part 1")
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_39opta-software-needs-updating39-arteta-dismisses-epl-prediction.jpg "Arsenal's Mikel Arteta joked the Opta software needs updating because Gunners have low chance of winning title")
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_the-extremely-rich-person-child-deal-full-movie-2024-kim-channel.jpg "The Extremely rich person Child Deal Full Movie 2024")
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_how-one-billionaire-lost-millions-and-left-underserved-scholarship-students-in-limbo.webp "On March 21, the roughly 70 employees of the Schuler Education Foundation, based in the affluent suburb of Lake Forest, Illinois, were summoned to an emergency all-hands meeting. Over the past two-plus decades, the nonprofit founded and funded by a former president of healthcare giant Abbott Laboratories, Jack Schuler, had spent at least $150 million counseling and tutoring more than 1,800 low-income students from Chicago and Milwaukee-area high schools to help them gain admission to elite colleges; those colleges in turn covered most (if not all) of the students’ tuition and other costs.<br/><br/>The employees, who first had to certify they wouldn’t record anything, were let into a Zoom room where the nonprofit’s executive director Joanne Bertsch read from a script announcing that the foundation would shut down on May 24. Everyone would be let go except for a skeleton crew of seven college counselors left to support students through August. <br/><br/>0:00 Introduction<br/>0:15 How Our Reporters Found Out About Jack Schuler<br/>3:05 Reporting On The Schuler Foundation<br/>5:45 Losing Money In The Market<br/>8:50 The Role Of Healthcare Stocks<br/>12:23 The Impact On Students And Colleges<br/>16:05 How The Foundation Behaved As Their Investments Lost Value<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/giacomotognini/2024/04/16/inside-the-collapse-of-a-former-billionaires-foundation-for-low-income-students/?sh=b52a7d62f78b<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_origin-2023.webp "Origin is a 2023 American biographical drama film written and directed by Ava DuVernay. It is based on the life of Isabel Wilkerson, played by Aunjanue Ellis-Taylor, as she writes the book Caste: The Origins of Our Discontents. Over the course of the film, Wilkerson travels throughout Germany, India, and the United States to research the caste systems in each country's history.")
_39opta-software-needs-updating39-arteta-dismisses-epl-prediction.webp "Arsenal's Mikel Arteta joked the Opta supercomputer needs updating because the Gunners have a low chance of winning the title.")
_fleeing-husband-please-love-me-all-over-again-full-ep-kim-channel.webp "Fleeing Husband Please Love Me All Over Again Full EP")
_political-leaders-recall-highs-and-lows-of-term-as-curtain-falls-on-the-european-parliament.webp "As Members of the European Parliament gathered in Strasbourg for the last plenary session before June’s elections, Euronews asked the presidents of major political groups to reflect on the highs and lows of the past five-year mandate.")
_oh-no-slept-with-my-husband-full-movie-kim-channel.webp "Oh No! Slept with My Husband! Full Movie")
_fish-return-to-the-seine-as-water-quality-improves.webp "Fish return to the Seine as water quality improves<br/><br/>Wrestling with a large catfish in the middle of Paris, Bill Francois highlights the range of wildlife now living in the Seine. A physicist by day, Bill fishes in the river up to five times a week, surveying what he catches. While positive about improving water quality, Bill is concerned by plans to allow public swimming in the river from summer 2025, saying that it could threaten newly recovered aquatic habitats.<br/><br/>Video by AFP<br/><br/>Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe <br/><br/>Visit our website at https://www.manilatimes.net <br/><br/>Follow us: <br/>Facebook - https://tmt.ph/facebook <br/>Instagram - https://tmt.ph/instagram <br/>Twitter - https://tmt.ph/twitter <br/>DailyMotion - https://tmt.ph/dailymotion <br/><br/>Subscribe to our Digital Edition - https://tmt.ph/digital <br/><br/>Check out our Podcasts: <br/>Spotify - https://tmt.ph/spotify <br/>Apple Podcasts - https://tmt.ph/applepodcasts <br/>Amazon Music - https://tmt.ph/amazonmusic <br/>Deezer: https://tmt.ph/deezer <br/>Tune In: https://tmt.ph/tunein<br/><br/>#TheManilaTimes<br/>#tmtnews<br/>#seine<br/>#fish <br/>#france<br/>#paris")
_river-tyne-could-be-used-to-heat-homes.webp "City leaders are currently exploring plans that would see water from the Tyne used to provide low-carbon heat and hot water to new homes that will be built in the Forth Yards area of Newcastle.")
_oh-no-i-slept-with-my-husband-full-part-1-kim-channel.webp "Oh No! I Slept with My Husband FULL Part 1")
_39opta-software-needs-updating39-arteta-dismisses-epl-prediction.webp "Arsenal's Mikel Arteta joked the Opta software needs updating because Gunners have low chance of winning title")
_the-extremely-rich-person-child-deal-full-movie-2024-kim-channel.webp "The Extremely rich person Child Deal Full Movie 2024")
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