Thursday, July 3, 2014
The NY Times Dealbook reports that Geoffrey P. Raynor, founder of the hedge fund Q Investments, has funded classes on philanthropy at several prominent universities, including Harard, Northwestern, Princeton, Stanford, and Yale. The classes give students real world experience in giving money away (tens of thousands of dollars for each group of enrolled students). They also give students an opportunity to question Mr. Raynor, who requires that he be given two hours to speak to the students personally. According to the article, some of those question and answer sessions have become a bit testy, with students challenging Mr. Raynor's approach to philanthropy and questioning how he made his money. The one lesson that all of the students seem to take away, however, is that giving away money well is harder than it first appears.