By Evan Vitale
Business Insider published an interesting article recently in which a private equity billionaire sponsored 350 New York City school children AND then sent them all a personal note about their report cards.
Steve Schwarzman, also known as “King of Capital” says he got involved with the Inner-City Scholarship Fund knowing that nearly 70% of the kids are either at or below the poverty line and 90% are minorities. Schwarzman reviews each child’s report card, absent reports, etc., and then hand-writes them a personal note on his stationery.
Schwarzman and his wife, Christine, have donated over $48 million to the Inner-City Scholarship Fund since 2001.
You can read the full story here:
