King Philanthropies
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In the News
King Philanthropies featured in new case study at Stanford Graduate School of Business
Excerpt from the GSB study:
King Philanthropies (KP) was a grant-making organization that employed a highly intentional and carefully targeted approach to philanthropy. It was guided by relentless pursuit of its mission: to alleviate extreme poverty by magnifying the impact of high-performing leaders and organizations.
In early 2018, the KP board had expressed enthusiasm for creating a grants initiative in India. However, as KP Portfolio Director Cindy Chen and her team started doing diligence on organizations in India, they found a number of challenges when it came to the pipeline of potential grantees. Indeed, the vast majority of organizations were small, working in only a few communities across just one or two of India’s 29 states and 7 union territories.
Equally problematic, few of the organizations they looked at in India had a demonstrated capacity to scale across the country, or even interventions that were scalable. This mattered because KP, for reasons both practical and philosophical, focused on organizations that could scale their impact.
Learn more and access the case study here.
Announcing the Stanford King Center on Global Development
King Philanthropies celebrates the Stanford King Center on Global Development! With an extraordinary team and bold vision for the future, the Center brings together scholars and students from across Stanford University to pursue innovative approaches to poverty alleviation based on data-driven research.
Read more in the official announcement from Stanford University.
From the Philippines to Dartmouth: Profile of an Incoming King Scholar
Every recipient of a King Scholars award—either from Dartmouth College or the University of Wisconsin–Madison—has a powerful story to tell about the journey that has brought him or her to that institution. Consider Janel Consuelo Morales Perez, a young woman from the Philippines who will enter Dartmouth this fall as a King Scholar. Inquirer.net, a news site that serves people of Filipino descent around the world, profiles Perez in a recent article, “From Buting Elementary School to Ivy League.”
The article explores the inspirational influence that Perez’s mother, Cristina, has had on the young scholar, as well as Perez’s connection to Zholl Tablante, senior assistant director of admissions at Dartmouth, who is also from the Philippines. In addition, the piece covers Perez’s educational and professional goals—goals that align closely with the mission of the King Scholars initiative. “I want to focus on poverty alleviation through human capital development,” Perez says.
Knight-Hennessy Announces Its First Cohort of Scholars
In an announcement, the Knight-Hennessy Scholars program at Stanford University named its inaugural cohort of scholarship recipients. The group includes 49 students; they hail from 20 countries and will pursue graduate degrees in 28 departments at seven schools across Stanford. Bob and Dottie King made a $100 million gift to fund the King Global Leadership Program, a training and experiential learning curriculum in which all Knight-Hennessy Scholars will participate to complement their core degree studies. The Kings’ gift will also support scholars from less economically developed regions of the world.
In the announcement, John L. Hennessy, Shriram Family Director of Knight-Hennessy Scholars, explains the process for choosing scholars: “We have selected students who believe strongly in the pressing need for better leadership across all disciplines, and around the globe.” He adds, “There is a true optimism among this group that they can make a positive impact in the world, and that their time as Knight-Hennessy Scholars will help prepare them for that mission.” That focus on cross-disciplinary leadership and on making a “positive impact in the world” reflects the spirit of the Kings’ investment in the program.
Speaking of “Systems Change”
A report on the Morgan Stanley website discusses remarks by King Philanthropies CEO Kim Starkey Jonker at the 7th Annual Social Impact Exchange Conference. The gathering, cohosted by Morgan Stanley and Social Impact Exchange, brought together leaders and thinkers from the social sector to explore issues related to “the breakthrough notion of systems change.”
Jonker, in her appearance at a panel session, focused on the rigorous and systematic approach that her team takes to the foundation’s grantmaking efforts. “We try to start with a fact base, and to say, ‘Where is it that we can actually have the most impact in global poverty alleviation?’” Jonker said during the panel. This approach to philanthropy, as the report notes, “requires [donors] to go beyond simply following their passions.”
Profile of a King Scholar
The Voice of American Learning English website has posted an article and an accompanying video segment that feature Faith Rotich, a junior at Dartmouth College who is studying there as a King Scholar. The article recounts Rotich’s journey from the town of Eldoret in Kenya to Hanover, New Hampshire, the college town that has become her home. When she arrived at Dartmouth in the fall of 2014, Rotich recalls, she was immediately inspired by her new surroundings: “I felt some kind of happiness, that I want to explore this place, I want to know what it’s like. Then later on … I met some wonderful students who immediately made me feel like I really belong here.”
Both the article and the video cover the adjustment challenges that international students often face when they begin studying at an American university. As Rotich notes, the critical thinking skills that students learn in their coursework may affect their attitudes toward the culture in which they grew up. But ultimately, she says in the video, students like her are able to integrate their new learning with what they learned in their home country: “We learn how to think about things the right way, and [do] not necessarily … ‘get lost.’”
Photograph courtesy of Voice of America.
Bob and Dottie King to Receive Honorary Degrees From Dartmouth
Sixty years after receiving a bachelor’s degree from Dartmouth College, Bob King will receive an honorary doctorate in humane letters from that institution, according an announcement released by the college. His wife, Dottie King, will join him in receiving that honor. Dartmouth president Phil Hanlon will bestow this honor on the Kings at commencement ceremonies on June 11.
Dartmouth will award honorary degrees to nine people in all, including the journalist and CNN news anchor Jake Tapper, the actress and playwright Anne Deavere Smith, and the champion runner and Olympic athlete Abbey D’Agostino. The announcement highlights the Kings’ role as donors for the King Scholar Leadership Program at Dartmouth. “The King Scholars program, launched at Dartmouth in 2012, will graduate its first two students this year,” the announcement notes.
Announcing the King-Morgridge Scholars Program
A new scholarship program jointly funded by Bob and Dottie King and John and Tashia Morgridge will sponsor its first cohort of students in the fall of 2017, according to an article posted by University of Wisconsin–Madison News. The program will enable students from developing countries to pursue a four-year undergraduate degree at UW–Madison. Six students per year will join the King-Morgridge Scholars Program, which aims to equip graduates to build careers in their home countries that will help to advance development and alleviate poverty.
Dottie King, as the article notes, has deep roots in Madison; she grew up there and attended the university in the 1950s. The Morgridges also have strong personal connections to the university. “I am thrilled that the King and Morgridge families chose to make this investment in international education at UW–Madison. This is a phenomenal opportunity for international students to explore solutions to major world problems alongside our domestic students,” says Rebecca Blank, chancellor of UW–Madison.
An In-Depth Look at Stanford Seed
The cover story in the January/February 2017 issue of Stanfordmagazine presents a long and wide-ranging survey of some of the people and companies that are benefiting from the Stanford Seed initiative. The article, for example, quotes O.T. Aderinwale, CEO of a discount retail chain in Nigeria. “My brain just opened. . . . I became a changed person,” she says, referring to the impact of a module on design thinking that she took as part of the Seed Transformation Program, a yearlong course that combines MBA-style executive education with intensive coaching support.
The article also elaborates on the origin and motivation of the $150 million gift by Bob and Dottie King that led to the creation of Stanford Seed. “When I think about how incredibly fortunate we have been over our adult lives, . . . we feel we are called to be a blessing to others,” says Bob King. His and Dottie’s goal in making the gift, he adds, is nothing less than “to solve poverty by job creation.” Another goal of Stanford Seed is equally ambitious: According to Jesper B. Sørensen, faculty director and executive director, he and his colleagues aim to make Stanford University “the leading research university for thinking about the challenges of poverty in the developing world.”
Stanford Seed Gift Illuminates Big-Bet Philanthropy
In the Winter 2016 issue of Philanthropy magazine, William Foster and Gail Perrault contribute a report on research conducted by the Bridgespan Group that highlights a notable shortcoming in U.S. philanthropy. According to Foster and Perrault, there is an “aspiration gap” between donors’ stated interest in tackling major social problems and their actual willingness to make “big bets” on solutions to those problems.
To inform this analysis, the Bridespan team created a database of gifts made from 2000 to 2012 that totaled $10 million or more. The gifts had to come from U.S. donors, and they had to be designed not to provide “institutional support,” but rather to achieve “social change.” Foster and Perrault specifically cite the donation that led to the founding of Stanford Seed. “We [included] big university gifts that specifically focused on social change, such as Robert and Dorothy King’s gift of $150 million to found the Stanford Institute for Innovation in Developing Economies, which aims to fight poverty in the poorest parts of the world,” they write.
Funding a Research Center at UW–Madison
The University of Wisconsin–Madison News site announced in a 2015 article that Bob and Dottie King had made a $10 million gift to support research both at the Center for Investigating Healthy Minds, part of the Waisman Center at UW–Madison, and at the university’s School of Education. The gift was targeted at psychological and neuroscientific research on youth development.
One objective of the gift, according to the article, was to fund the work of Professor Richard Davidson, founder of the Center for Investigating Healthy Minds. “We’re thrilled to collaborate with UW–Madison in our determination to help disadvantaged youth reach their full potential,” said Dottie King, an alumna of the university. “We believe the work of Richard Davidson and his colleagues at the center will have a tremendous impact and help thousands—if not millions—of youth thrive.”
Announcing the King Scholars Program at Dartmouth
In an article published in 2012, Dartmouth News described a gift by Bob and Dottie King to create what is now called the King Scholar Leadership Program. The program provides chosen students from developing countries with full scholarships to pursue an undergraduate degree at Dartmouth.
In making the gift, the Kings worked with the college to design a program that would equip and encourage scholarship recipients to return to their home countries to pursue careers in poverty alleviation.
The article quoted Jim Yong Kim, who was then president of Dartmouth (and is now president of the World Bank): “With this gift, the Kings are investing in the fundamental connection between education and the ability of people and nations to take control of their own futures. … Dartmouth’s mission is to prepare graduates who will make a positive difference in the world, and I’m confident the King Scholars will embody that mission.”
A Gift to Found Stanford Seed
In 2012, The New York Times announced a donation of $150 million by Bob and Dottie King to Stanford University to create the Stanford Institute for Innovation in Developing Economics (also known as Stanford Seed), a center based at Stanford Graduate School of Business that aims to reduce poverty by promoting entrepreneurship and job creation.
The Times quoted Bob King on the core motivation behind the gift: “More than a billion people live on less than $1.25 a day. That’s just not right.” In addition, the newspaper quoted Dottie King on the reason for making the gift to Stanford: “The relationships the university has in Silicon Valley, the range of expertise it has among its professors—it can’t be replicated. The university can make our money more fruitful than we could on our own.”