from Dartmouth College, High Honors in Economics, magna cum laude, where he was a Rufus Choate Scholar. Recent gifts have included programmatic funds and coachships for multiple sports, including wrestling, field hockey, men's volleyball, women's basketball and baseball. from the University of Miami. ), Stanford Institute for Economic Policy Research (vice chair), Stanford Parent's . It is a sad day on the Farm. Periodically through the year, as determined by University management, budget officers provide analysis and explanation of the variance between actual income and expense (or projected income and expense) and the Consolidated Budget in accordance with the guidelines provided by the University Budget Office. (Image credit: Ray Purpur). At Stanford, he has served as a volunteer for the DAPER Investment Fund, the Golf Course Advisory Board, the Stanford Athletics Board, and his 10th and 15th reunion campaign committees. Student Loan Funds are not meant to be expensed, but rather are loaned to students as a portion of the financial aid package. The athletic board honored him in 1987 with its Outstanding Service Award, which now bears his name. Redwood City, CA 94063 United States. Curt has been involved in the advisory, asset management and/or origination of over $2.7 billion since 2012. from Northern Michigan University. To view Stanford University Draper Funds complete investments history, request access, To view Stanford University Draper Funds complete co-investor history, request access, Morningstar Institutional Equity Research. Auxiliaries are self-contained financial entities (see Guide Memo 3.1.3:Expenditure Accounts (PTAs)). Jordan holds an MBA from Stanford University Graduate School of Business and a B.A. Much of this income is subject to the Infrastructure and Utilities Charge. But SLS scholars argue that Native people profoundly shaped the conversation. The revised policy, effective September 1, 2005, increases the infrastructure charge (ISC) from 6% to 8% for both new and 10. Your feedback about the Administrative Guide website will be carefully reviewed. Mike has over 15 years of commercial real estate experience, with a focus on origination, underwriting and asset management assignments across all asset classes, and across debt and equity investing, within the US. Additionally, Athletics is redoubling its commitment to sharing information with and seeking input from its existing boards. Founder of United Bridge Partners - innovative capital and solution provider to replacement bridges across the U.S. 9. While several entities tried to limit the influence of Title IX through (mostly unsuccessful) amendments and court challenges, Stanford embraced the spirit of it from the start. He completed the Certified Investment Manager Analyst program at the Wharton School of the University of Pennsylvania and earned his CIMA designation. He learns a little about Larry McMurtry. You also have the option to opt-out of these cookies. 6. The Arrillaga Family Sports Center, Arrillaga Center for Sports & Recreation, Arrillaga Outdoor Education and Recreation Center, the Arrillaga Gymnasium & Weight Room, Arrillaga Hall and the Arrillaga Rowing & Sailing Center are all named for his gifts, among other sports facilities. Steven holds an M.S. Arrillaga is survived by his wife, Gioia Fasi Arrillaga; two sisters, Alice Arrillaga Kalomas and Mary Arrillaga Danna; a brother, William Bill Arrillaga; his daughter, Laura, and her husband, Marc Andreesen; his son, John, and wife Justine Stamen Arrillaga; and four grandsons. Arrillaga held up to six jobs at a time to make ends meet from washing dishes to delivering mail and working as a gardener. The structural financial challenges lagging revenue opportunities relative to competing institutions and cost increases occurring broadly in collegiate athletics remain. Curt holds a B.S. Income from outside sources related to programs, patents and royalties, program activities, affiliations, ticket income and the like are collected throughout the institution. The university, as trustee, manages the investment of the assets and pays a specified income to the donor, the donors designated beneficiaries, or both. Explore {PerformanceRetail's key management people. In order to create a new FFE, the unit must invest a minimum of $1 million. In cases where all or part of a Donor Advised Fund is later used to establish or add to an Endowment fund, it is not counted as part of the Endowment until the funds are explicitly transferred to the endowed fund for use per the terms of the donors request. Before that, he oversaw a $500m separately invested pool, including a direct investment portfolio of over 500 startups, at the investment office for Stanford University. He currently serves on the Lodato Committee for the Department of Athletics (DAPER) Investment Fund at Stanford. Curt Riggs is Managing Director for Underwriting & Asset Management of RMWC and is responsible for underwriting new opportunities and asset managing existing investments. If a unit chooses not to request the automatic year end reinvestment, they may contact Fund Accounting by July 31 to specify the amount that should be reinvested for the given fiscal year. The responsible agency for the federal government, which for Stanford is the Office of Naval Research (ONR), approves the rates. There is a group of funds referred to as Pool A funds that are established by gifts with terms that specify something like the following: income but no appreciation may be paid out of the fund. Prior to joining the Bass Group he was a principal for the Trammell Crow Company. At the time, before it was Silicon Valley, the Santa Clara Valley was called the Valley of Hearts Delight for its flowering orchards and canneries. The Office of Development solicits and processes gifts to the University. Johns support has been life-changing for countless Stanford students. Lodato, whose service to Stanford went well beyond bringing Walsh to the Farm, died July 24 in Menlo Park of a rare form of lung cancer. Each year the University prepares a consolidated budget based on estimates of income and expenses. In those days, an athletic scholarship covered tuition, and scholarship recipients were required to help pay their way by working for the university. These costs include utilities, building maintenance, and administrative support. (Image credit: Courtesy Stanford Athletics). GPT-4 passed the Bar. His former construction company, Rudolph and Sletten Inc.,. His most prominent investments include Baidu, Hotmail, Skype, Tesla, SpaceX, AngelList, SolarCity, Ring, Twitter . She and her husband, Marc Andreessen, are longtime supporters of Stanford Health Care and made the lead gift for the Marc and Laura Andreessen Emergency Department in 2007. The University Budget Office in the Provost's Office maintains the budget system, approves the budget submissions of all schools and departments, and monitors and reports on variances from the approved budget. Over time, his initial gifts increased in size and extended to other areas of the university. He founded a training trust, which awarded university scholarships to promising disadvantaged students, and sponsored a skills training center for women in Johannesburgs Alexandra township. Arrillagas professional success started when he and his business partner, Richard Peery, bought fruit orchards in the lands surrounding Stanford University as the tech boom began to swell. America, 3) Truckee Gaming LLC, operator of local casinos in Nevada and 4) the DAPER Investment Fund, a co-investment fund with the Stanford Management Company for the benefit of the Stanford . Budget Officers in schools and departments coordinate all budget activities within their respective organizations in collaboration with the University Budget Office in the Provost's Office and the Controller's Office. FFE is usually considered Unrestricted per accounting rules, as are most other expendable resources in the University. Why did it take the time it did to reach this conclusion? about himself. When a search committee led by Frank Lodato Jr. recruited a newcomer to coach Cardinal football in 1977, Lodato confided to his son Doug, '76, "I've either found the best football coach in the country and no one knows it yet, or I've been completely snowed.". Stanford's Department of Athletics, Physical Education and Recreation ("DAPER") is one of the premier intercollegiate athletics programs in the country. The Natural Capital Project is working with development banks and 10 pilot countries to put the environment at the forefront of policy and investment decisions. Coleman is a member of the Board of Directors of the DAPER Investment Fund, a co-investment fund of the Stanford Management Company, the entity which directs the investment of approximately $26 billion of endowment and related funds for Stanford University. Coleman served for 15 years as a global advisor to Trilantic Capital Partners, a top-decile private equity firm managing $6.0 billion of assets. Mr. Benninger currently is a member of the Board of Directors of: 1) Caesars Entertainment Corp., the largest gaming company in the U.S., 2) Video King LLC, the largest bingo equipment company in No. Money was tight: He couldnt afford a suit jacket for his high school portrait, so he borrowed one from his chemistry teacher. . Lodato's public service extended beyond campus. Joey was also the staff lead for the DAPER Investment Fund and the co-lead for Stanford Athletics initiatives in Diversity, Equity, and Inclusion from 2020-2021. He poured his time, skill and financial resources into transformational projects at Stanford and at SLAC, and he delighted in always going above and beyond the expectations of others. Win whats next. John Arrillaga, 60, a former scholarship recipient who became one of Silicon Valleys most successful real estate developers and Stanfords most generous donors, died on Jan. 24. Tony has also championed Stanford through his involvement in the DAPER Investment Fund, the Stanford Alumni Association, The Stanford Challenge, and the Stanford Institute for Economic Policy Research Advisory Board. Member of the Advisory. To that end, over the past year, Athletics has experienced unprecedented fundraising success, and we are looking forward to building on this momentum as we partner with our alumni, parents and friends to support our remarkable student-athletes and ensure the continued competitive success of their teams. He received a BS in Mathematics and Computer Science from Santa Clara University and an MBA from Stanford GSB. Requests from an auxiliary must be approved by a University Vice Provost or Vice President. He is preceded in death by his first wife, Frances C. Arrillaga, MA 64, MA 65, and a brother, Gabriel Arrillaga. Start over You searched for: "library" Remove constraint "library" Publisher The DAPER Investment Fund Remove constraint Publisher: The DAPER Investment Fund 1 item found Sort by year (new to old) John believed in college sports, and he believed in Stanford. During his career, he has focused on value investing with deep experience in distressed mortgage debt. Requests to approve the creation of FFE involving gift funding must be reviewed by the Office of Planned Giving. I will personally miss Johns dry wit and sense of fun. in political science and psychology from Amherst College. This Guide Memo describes the University's funds and budgets. John Arrillaga served as captain of the mens basketball team during the 1959-60 season. From 1986-1997, Coleman was Chairman/CEO of World Airways, where he led a successful turnaround while navigating the effects of the Gulf War and a severe industry recession. 11. He is a past board member of Children's Health Council and Peninsula Family YMCA and is a donor to the Stanford DAPER Investment Fund. What will happen to staff members whose positions were eliminated last summer?