Tuesday, April 20, 2010

KKR Green Portfolio Project

The Deal has released a video featuring KKR's Green Portfolio Project.



This video shows how KKR is realigning its investments to encourage more environmentally friendly practices while helping its portfolio companies cuts costs (not jobs). We should all definitely support this great trend!

Thursday, April 15, 2010

Paul Allen

Paul Gardner Allen was born on January 21, 1953. Along with Bill Gates, he is the associate founder of Microsoft. He is one of the richest people in the world and the founder and chairman of Vulcan Incorporated, which is his private asset management company. He owns three professional sports teams: the Seattle Seahawks of the NFL, the Portland Trail Blazers of the NBA, and the Seattle Sounders FC franchise in Major League Soccer.

Raised in Seattle, Washington, Paul Allen is committed in giving back to communities in the region he still calls home. He founded the Paul Allen Institute for Brain Science and The Paul G. Allen Family Foundation, which supports the work of effective nonprofit organizations involved in arts and culture, community development and social change, economic relief, education and youth engagement, and scientific and technological innovation.

• He has donated to organizations that focus on human and health services, and toward the improvement of technology and science.
• The Paul G. Allen Family Foundation was founded in 1986 to disseminate most of his donations. Through this body, Paul Allen confers approximately $30 million in grants every year. About 60% of the organization’s finances go to non-profit organizations in Washington and Seattle; twelve percent goes to Portland, Oregon. The other 28% is disseminated to other locales within the Pacific Northwest.
• Allen has donated $900 million of his money, as of 2007. Allen also contributes through other charitable projects known as "venture philanthropy." The most famous of these projects are Experience Music Project, the Science Fiction Museum and Hall of Fame, the Flying Heritage Collection (airworthy vintage military aircraft) and the Allen Telescope Array.
• Allen has donated money in both Washington State University and University of Washington. In the late 1980s, Allen donated $18 million to construct a library named after his forebear, Kenneth S. Allen. He donated $5 million in 2003 to establish the Faye G. Allen Center for Visual Arts, named after his mother. Allen was also the top private contributor, with $14 million in donations to the "Paul G. Allen Center for Computer Science & Engineering," which was completed in 2003.
• Throughout the years, Allen has contributed millions of dollars to the University of Washington Medical School. The Foundation awarded $3.2 million for prostatitis research in 1997, followed by an additional $1 million grant in 2002. More recently, the Foundation contributed $5 million for an early cancer-detection project by the Fred Hutchinson Cancer Research Center.
• On November 19, 2008, Allen appeared at the Experience Music Project/Science Fiction Hall of Fame to present the second annual Founder's Award for musical achievement.