Quote of the day:
“I made a commitment to myself that anything I do or engage with has to be tied to what drives me and motivates me,” he told Agassi, 47, was a keynote speaker at UBS’ second annual Philanthropy Forum in the United States in San Francisco on October 24, where the theme was turning passion into impact. On stage and in conversation with “The first thing I learned in philanthropy is that you have to recognize who you can’t help and that’s going to be tough.
Agassi said not starting with kindergarten was one of his early mistakes. “I wasted time, dollars and resources,” Agassi said, noting that many third graders came into his classroom not knowing how to read. “You quickly start to learn that you need to start earlier and grow slower.” By 2005, the school had expanded to K-12.
Through the fund, Agassi and Turner provide 100% of development costs to build charter schools, which are then leased to school operators, who can then buy the site after reaching full occupancy. Seventy-nine schools have been built through the fund around the country and Agassi hopes to reach 120 schools in the next couple years as all the capital from the pair’s second fund is deployed.
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