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On March 21, the roughly 70 employees of the Schuler Education Foundation, based in the affluent suburb of Lake Forest, Illinois, were summoned to an emergency all-hands meeting. Over the past two-plus decades, the nonprofit founded and funded by a former president of healthcare giant Abbott Laboratories, Jack Schuler, had spent at least $150 million counseling and tutoring more than 1,800 low-income students from Chicago and Milwaukee-area high schools to help them gain admission to elite colleges; those colleges in turn covered most (if not all) of the students’ tuition and other costs.<br/><br/>The employees, who first had to certify they wouldn’t record anything, were let into a Zoom room where the nonprofit’s executive director Joanne Bertsch read from a script announcing that the foundation would shut down on May 24. Everyone would be let go except for a skeleton crew of seven college counselors left to support students through August. <br/><br/>0:00 Introduction<br/>0:15 How Our Reporters Found Out About Jack Schuler<br/>3:05 Reporting On The Schuler Foundation<br/>5:45 Losing Money In The Market<br/>8:50 The Role Of Healthcare Stocks<br/>12:23 The Impact On Students And Colleges<br/>16:05 How The Foundation Behaved As Their Investments Lost Value<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/giacomotognini/2024/04/16/inside-the-collapse-of-a-former-billionaires-foundation-for-low-income-students/?sh=b52a7d62f78b<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

How One Billionaire Lost Millions And Left Underserved Scholarship Students In Limbo

⏲ 20:9 👁 1.1M

Directorate of Public Instruction (Colleges)

Chief Minister’s Youth Initiative [20,000 Bikes to Students] How to Apply? A Complete Guide.

⏲ 11 minutes 9 seconds 👁 2.8K

AUR Talks

भारत के 10 सबसे प्रसिद्ध स्कूल | Top 10 Most Famous School In India 2023 | #shorts #india #school

⏲ 32 seconds 👁 541.3K

Remarkably, Goa has a consistently high literacy rate compared to the national average. With a literacy rate of over 90%, according to recent census data, Goa stands as one of the most literate states in India. In Goa, there are schools and universities that provide education and empower people. Schools are lively and are surrounded by palm trees, while universities encourage learning. Goa offers various educational opportunities<br/> <br/>#GoaEducation #HigherLearning #ResearchOpportunities #ModiGovernment #SkillDevelopment #EducationalReforms #CoastalBeauty #AcademicExcellence #HolisticEducation #InfrastructureInvestment<br/>~HT.96~PR.100~

Goa's education landscape: Evolution of prestigious institutes, programs under PM Modi | Oneindia

⏲ 4:55 👁 7.3M

British International School

\"Welcome Performance\" BISS Students Performance Annual Prize Distribution Ceremony

⏲ 6 minutes 52 seconds 👁 124K

AUR Facts

Top 10 Most Famous School In The World 2023 | Famous Schools | #shorts #short #school

⏲ 25 seconds 👁 589.5K

A chronically ill student took her first steps in 10 years - to accept her awards for excellence at graduation. <br/><br/>Melika Ghanaati, now 19, hasn't been able to walk unaided since 2013 due to four debilitating medical conditions. <br/><br/>She was born with a severe form of scoliosis - a curved spine - as well as congenital myopathy, a disorder which has caused weakness in her muscles. <br/><br/>Growing up, she either used a walker or a wheelchair - and has needed various surgeries to correct her curved spine. <br/><br/>But after a year of intensive physiotherapy, Melika was able to walk up to her teacher unaided and receive her high school diploma, as well as two awards for excellence. <br/><br/>Melika, who is now a student at York University, Canada, said: “This was such a special moment for me - my teachers and closest friends were worried about me, but I proved everyone wrong. <br/><br/>“I wanted to surprise everyone with the walk, but most importantly, I believed I owed it to myself.”<br/><br/>Melika was born with a number of conditions - including scoliosis, severe club feet, congenital myopathy and recurring kidney stones. <br/><br/>But her scoliosis and club feet were the biggest hurdles preventing her from being able to walk. <br/><br/>Up until the age of 13, Melika had a number of surgeries in an attempt to get the curve and club feet corrected. <br/><br/>She even briefly died in ICU after surgery at the age of 12. <br/><br/>She said: “Between the ages of 10 to 13 I had three spinal surgeries.<br/><br/>“I even had a code blue - I died for a few seconds. <br/><br/>“I lost a lot of blood flow and needed to have a blood transfusion.\

Disabled student takes first steps in 10 years - on stage at her graduation

⏲ 0:55 👁 1.6M

Vydehi Institute Medical Science u0026 Research Center

Graduation Day Ceremony 2023 | Vydehi Group of Institutions - Medical | Dental | Nursing | AHS

⏲ 7 minutes 11 seconds 👁 1.7K

Athiras Events

Ted X Vydehi School

⏲ 1 minute 43 seconds 👁 20

Achieving Excellence || Acharya Prashant from vydehi school of excellence admission

Achieving Excellence || Acharya Prashant

⏲ 0:59 👁 40K

Joel Dave

Choir Practise 2 - Vydehi School of Excellence

⏲ 2 minutes 34 seconds 👁 1.5K

connoistre

Vydehi School Of Excellence - Annual Day - Welcome Dance - Grade 1

⏲ 3 minutes 13 seconds 👁 181

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