The Ignota Foundation was officially established in 2015. However its founder began granting scholarships privately in 2014. Feeling grateful for his own success, the founder of Ignota set out to make a difference to the lives of other young people in the UK. He built the foundation on the principles of giving and receiving. As such, the foundation strives to give young people the opportunity to succeed without making them feel beholden to anyone. The founder of Ignota has chosen to remain anonymous, as have all of the donors.
The foundation is supported by several trustees who work with the schools during the various selection stages and are responsible for monitoring the progress and evaluating the process. Trustees of Ignota Foundation include Harry Blain, founder of art gallery Blain|Southern, educator Ben Yourd and former Christie’s Vice President, Guy Bennett.
Place of Birth
Kenneth C. Griffin was born in Daytona Beach, Florida
Investments/hedge fund management
Born in 1968, Kenneth Cordele Griffin was somewhat of a math prodigy and excelled in high school. He graduated from Harvard University in 1989 with a degree in economics. During his first year at Harvard he started investing after being inspired by an article in Forbes magazine. He established a hedge fund in his second year of college with investments from his family and friends totaling $265 000. He formed a second fund in 1987 and between both had assets under management of around $1 million.
After graduation, Griffin was approached by founder of Glenwood Capital LLC, Frank C. Meyer who gave Griffin $1 million to invest on his behalf netting returns of around 70%.
Griffin founded Citadel in 1990 with starting assets under management of around $4.6 million. In 1998, the company had over $1 billion in investment capital and over 100 employees. Today Citadel manages over $28 billion in assets. He is also the owner of Citadel Securities, a Wall Street market maker. Griffin is outspoken on the issue of regulations in the financial services industry and has testified at several government hearing on the need for regulations and regulatory guidelines to keep pace with changes in the markets, specifically surrounding fairness in American equity markets. He is a member of the G100, a group of 100 CEOs that meet to discuss issues and challenges in the global economy. Griffin is politically active and has provided financial backing to candidates that support a more streamlined and limited government. He endorsed Senator Marco Rubio for the 2016 republican presidential nomination. In 2015, he donated $5.8 million to Freedom Partners Action Fund, Right to Rise USA, Future45 and Conservative Solutions PAC.
Griffin serves on the board of several non-profit organizations in Chicago including the Art Institute of Chicago, the Museum of Contemporary Art, and the Whitney Museum of American Art.
Philanthropy and Sponsorship
Founder of the Kenneth C. Griffin Charitable Fund, Griffin is a prodigious donor to a number of causes and organizations in his personal capacity. In 2006 together with the Bill and Melinda Gates Foundation Griffin funded the opening of a new charter school in Chicago. In 2007, griffin donated $19 million to the Art Institute of Chicago, and in 2014, donated $150 million for Harvard University, earmarked for needs-based undergraduate financial aid. The foundation announced a $125 million donation to the Department of Economics at the University of Chicago.
Kenneth Griffin is not only an avid art collector but one of the most active in the world. His purchases have always made headlines in the press. He paid $60 million for ‘Curtain, Jug and Fruit Bowl’ by Paul Cezanne in 1999, and $80 million for ‘False Start’ by Jasper Johns in 2006. In 2016, he purchased Willem de Kooning’s ‘Interchange’ for $300 million and Jackson Pollack’s ‘Number 17A’ for $200 million.
Griffin is divorced from his second wife Anne Dias-Griffin founder of Aragorn Global Management. He has three children and is primarily based in Chicago.
The David Bohnett Foundation was established by David Bohnett in 2000. The initial endowment to establish the foundation was $32 million. In its first year, the foundation donated $2 million to LGBTQ organizations, gun control programs, voter registration initiatives and AIDS services.
David C Bohnett – Activism and Gay Rights
Place of Birth
David Bohnett was born on April 2nd 1956 in Chicago, Illinois.
David Bohnett was raised in Chicago. In high school he sold Amway and delivered newspapers to make extra money and he also developed an interest incomputers and computer science which led to his decision to attend University of Southern California where he graduated with a bachelor’s degree in business administration. He attended the University of Michigan for his post graduate degree where he graduated with an MBA in finance from the Ross School of Business in 1980. He worked as an information systems consultant for Arthur Andersen for a few years but left to work for several software companies. David Bohnett has been an activist for gay rights his entire life and worked tirelessly for the rights of same sex couples prior to marriage equality legislation being introduced.
David Bohnett was right at the forefront of the development of the World Wide Web. He developed the website GeoCities.com with John Rezner and it is credited as being the very first social networking site on the Internet, the precursor to sites like MySpace and Facebook. Users of the site were able to create free webpages that were organized by user and community interests. GeoCities was the first Internet venture that was built on user-generated content. By 1997 it was the 5th most popular website on the Internet and it doubled its initial share price when the company was taken public in 1998. GeoCities was sold to Yahoo in 1999 for $3,57 billion with Bohnett netting around $300 million.
His success with GeoCities led to Bohnett investing in several other tech companies and the establishment of Baroda Ventures, a venture capital firm based in Los Angeles that focused on early stage investments in technology companies. David Bohnett is an actively involved in many of the tech companies that he has invested in.
Philanthropy and Sponsorship – The David Bohnett Foundation
One of the first things David Bohnett did after the sales of GeoCities was to set up the David Bohnett Foundation which is a non-profit that provides resources to projects and organizations pursuing social change through activism. The foundation received an initial grant of $32 million from Bohnett and in its first year of activity, donated over $2 million to LGBT organizations, gun control programs, voter registration and AIDS projects. To date the foundation has donated over $109 million to various causes in its wide focus areas. The foundation helped establish over 60 David Bohnett CyberCenters which are ‘safe-haven’ internet cafes where members of the LGBT community have access to information, support and resources.
Bohnett is a founder member of the Los Angeles chanter of the Gay and Lesbian Alliance Against Defamation (GLAAD) which focuses on lobbying media companies for more accurate and representative portrayal of homosexuality in the media. He was the single largest contributor to the cause to stop Proposition 8 in 2008, donating over $1 million to defeat the bill and bring about marriage equality in California. Bohnett is also passionate about classical music and was the chairman of the Los Angeles Philharmonic Association between 2008 and 2013.
George Peabody – The Father of Modern Philanthropy
Place of Birth
George Peabody was born in 1795 in Massachusetts. He died in 1869 in London. He was accorded the highest
honor of temporary burial in Westminster Abbey by Queen Victoria. His statue stands at the Royal Exchange in London.
Born and raised in South Danvers which is now called Peabody, in Massachusetts, George Peabody was one of seven children from a modest family. He was only able to attend school for a few years leaving at age 11 to start work in a general store. Much of his commitment to philanthropy is based on the deprivations experienced during his formative years. After his apprenticeship he became manager of the store and just three years later was a partner in a wholesale dry goods business. In a classic rags-to-riches story he amassed over $40,000 by the time he was twenty-two. Where most people would have been content to enjoy the fruits of their labor, Peabody continued to expand his business, moving to Baltimore and even expanding into international trade. After 20 years, George Peabody moved to London, which was considered the very epicenter of the global banking and financial industry and became a banker and financier.
George Peabody was instrumental in helping the fledgling nation of the United States establish lines of credit in Europe. This was essential at the time as all international transactions were settled in gold certificates or gold itself. The banking firm of George Peabody and Company was established in 1851. It was during his early years in London that Peabody was rejected by London society as being representative of several states in America who had defaulted on their loan repayments to Europe. Through his work with several states and noted journalists he was slowly accepted back into the top echelons of society. Peabody had no heirs and so in 1854, he took under his tutelage and as partner, Junius Spencer Morgan, the father of JP Morgan. The two financiers worked together until Peabody’s retirement in 1864. Peabody’s reputation as a financier was strong enough to withstand the run on banks in 1857 and he retired with a fortune of approximately $10 million.
Peabody, Morgan & Co eventually went on to be known as JS Morgan & Co and the world’s three largest banks: JP Morgan Chase, investment bank Morgan Stanley and Morgan Grenfell (now part of Deutsche Bank) can all trace their heritage back to George Peabody.
Philanthropy and Sponsorship
Though considered somewhat miserly to employees and even relatives, George Peabody was a generous donor to public causes and charities. His title of the father of modern philanthropy is because he gave away nearly all of his fortune during his lifetime, a practice that has been continued by philanthropists like Andrew Carnegie, John D. Rockefeller and Bill Gates.
The Peabody Education Fund was endowed in 1867 with $3,5 million and specifically earmarked for education development in the poorest areas of the United States. The Peabody Trust established in 1862 to provide housing for the poorest people in London continues to this day as one of the largest housing organizations in the United Kingdom.
Other education and charitable organizations set up by George Peabody include the Peabody Institute (now the Peabody Institute Library), Peabody Institute of the Johns Hopkins University, Peabody Museum of Archaeology and Ethnology, Harvard University and the Peabody Museum of Natural History, Yale University.
The Saby Charitable Foundation was founded in 2002 by Kenes (Kenges) Rakishev and his wife Assel Imangalievna Tasmagambetova. Since it was launched, the foundation has developed a start-up competition and eight core programs – all ongoing. In 2018, the foundation’s annual budget was recorded as exceeding US$17 million.