Henry Kravis: Fame, Fortune, and Philanthropy
August 26th, 2009
Very few personalities in American finance can match the influence of Henry Kravis, co-founder of private equity behemoth Kohlberg Kravis Roberts & Company (KKR). His financial exploits, along with that of his partners at KKR, pioneered the LBO-styled mode of wealth generation and inspired other firms, like the Carlyle Group and Blackstone, to follow suit. Apart from clinching multi-billion dollar mega-deals and being America’s 49th Richest Man, New York-based Kravis is also one of the city’s most prolific philanthropists, seeking out opportunities to contribute to various charitable causes such as education and healthcare. Henry Kravis is a generous contributor to several educational institutions. He donated $75 million for the creation of a new academic facility at Claremont McKenna College and $10 million to the Columbia University Graduate School. He advocates outstanding leadership among students and teachers through the Leadership Studies programs sponsored by the Henry Kravis Leadership Institute at Claremont McKenna College. He also supports initiatives of minority teachers with the Henry Kravis Internships for Teachers of Color program. Likewise, Kravis also financed the construction of buildings in the Eaglebrook School, The Loomis Chaffee School, and Middlesex School. Moreover, Henry Kravis serves as a trustee of the Mount Sinai Medical Center, which recently became beneficiary to a $15 million donation from Kravis and wife Marie-Josée. The donation was for the establishment of the Center for Cardiovascular Health.
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