ADVERTISEMENT

OT: Rutgers Grad Schwartz Named CEO of Carlyle Group

“I owe Rutgers an incredible debt,” Schwartz said.
giphy.gif


National Championship here we come!
 
Also he's a Newark alum not NB.
A circumstance of the pharmacy college being housed on the Newark campus at that time, with the school later relocating down to Piscataway in the 70s. Lack of allegiance to other Rutgers campuses is not necessarily surprising but not sure he's ever given back specifically to RU-Newark either.

Unfortunately for Rutgers his philanthropy has been directed elsewhere, including in and around Atlanta where he made his fortune.
 
Yes we do. He helped launch the road to wall street program with RBS. He is an extremely loyal son.

"While he was enamored with economics from the start, he wasn’t really aware of Wall Street or the opportunities that existed in the financial industry. But he did benefit from people who were willing to take time to help him and give him opportunities.


“I owe Rutgers an incredible debt,” Schwartz said.


He said he got his own introduction to mentoring as a resident advisor when he was a student living in the Quads on the Livingston campus. “I’ve always prided myself on being a mentor to as many people as I could,” he said. "

The Quads as a mentoring pathway. Never thought of the Quads that way. As the song goes by Dave Edmunds: From Small things, big things one day come.


Schwartz received financial aid from Rutgers to complete his bachelor’s degree and dedicates his time and financial support to help support current students in their academic endeavors. Among his many philanthropic efforts, he endowed a $1 million scholarship through Goldman Gives to annually pay tuition and fees for four full-time School of Arts and Sciences undergraduate students. Since the scholarship’s creation in 2010, 25 students have been recipients of aid.

Schwartz sits on the Rutgers University Board of Overseers and the School of Arts and Sciences Dean’s Advisory Council.

schwartz-spaceballs.gif
 
As the story goes with Bernie Marcus, there was some dialouge and in person meeting of some kind. From my understanding, some rookie went up to him and started aggressively asking for money. Turned him off.

The fundraising game has gotten more mature since then, and I personally wouldn't allow that turn me off to something I care about, but others think differently.

Failed opportunity.
 
As the story goes with Bernie Marcus, there was some dialouge and in person meeting of some kind. From my understanding, some rookie went up to him and started aggressively asking for money. Turned him off.

The fundraising game has gotten more mature since then, and I personally wouldn't allow that turn me off to something I care about, but others think differently.

Failed opportunity.

There is a cultivation aspect that is an integral part of big donor fundraising. Someone aggressively asking, particularly where there hasn't been a history of giving, can be a big turnoff. After being well behind the curve for a long time, Rutgers seems to have upped their game in the last 20 years.
 
As the story goes with Bernie Marcus, there was some dialouge and in person meeting of some kind. From my understanding, some rookie went up to him and started aggressively asking for money. Turned him off.

The fundraising game has gotten more mature since then, and I personally wouldn't allow that turn me off to something I care about, but others think differently.

Failed opportunity.
It's his money and he can spend it how he wants, but with a net worth of ~$6.2B, if he really needed to be sold on donating, then he never wanted to and would've come up with a million excuses not to. Meanwhile, he has no problem donating over $11M to Emory and $15M to Georgia Tech, political campaigns, an aquarium, etc. There are a ton of academic programs, scholarships, and infrastructure that need his money. It shouldn't take begging and courting. He should have enough pride in his alma mater and want to make it better by donating.
 
A circumstance of the pharmacy college being housed on the Newark campus at that time, with the school later relocating down to Piscataway in the 70s. Lack of allegiance to other Rutgers campuses is not necessarily surprising but not sure he's ever given back specifically to RU-Newark either.

Unfortunately for Rutgers his philanthropy has been directed elsewhere, including in and around Atlanta where he made his fortune.

I'm pretty sure we have some "big donors" who don't live nearby.

On the one hand I get not feeling particularly tied to what is essentially a commuter school in Newark, but he has no problem donating to aquariums and other "causes" so...he really comes off like an ingrate.
 
It's his money and he can spend it how he wants, but with a net worth of ~$6.2B, if he really needed to be sold on donating, then he never wanted to and would've come up with a million excuses not to. Meanwhile, he has no problem donating over $11M to Emory and $15M to Georgia Tech, political campaigns, an aquarium, etc. There are a ton of academic programs, scholarships, and infrastructure that need his money. It shouldn't take begging and courting. He should have enough pride in his alma mater and want to make it better by donating.

He's pretty much the only alum in that stratosphere that won't have anything to do with RU. It's just who he is as a person.

The one Home Depot guy gives money so med school is free at NYU and he isn't a doctor. Meanwhile the other guy focuses on fish and politics.
 
what he needs to do is set up a jobs op with the school similar to what Cantor, Chase, & Goldman did when we had Rutgers College. I know a lot of those outreach and programs stopped when the schools merged which the school didn't do a good job of maintaining. I'm talking front office.....
 
  • Like
Reactions: Leonard23
Schwartz is a huge Rutgers guy. many stories on Wall Street of him going out of his way to chat up young Rutgers analysts and interns while he was CFO at GS.

I have friends who were invited to grab coffee in his office just because they we’re RU, and said he was as down to earth as they come.
 
ADVERTISEMENT
ADVERTISEMENT