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A successful finance professional

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The Wharton School’s Global Alumni Network

Throughout its history, The Wharton School at the University of Pennsylvania has emphasized its expansive network with MBA alumni in countries across the globe. The Wharton MBA network includes more than 90,000 graduates, many of whom hold leadership positions in government organizations, nonprofit entities, corporations, and more. Every day, Wharton alumni convene to deliver thoughtful leadership and ultimately change global markets in a meaningful way.

The Wharton alumni network consists of nearly 80 Wharton Alumni Clubs, which operate as regional hubs for alumni interaction and support. Participants in Wharton Alumni Clubs have a unique opportunity to find employees and jobs, discuss local economies, create partnerships, and collaborate on new initiatives. Wharton also maintains an online community known as WhartonConnect, through which alumni can stay up to date on important issues and find a wealth of career development resources. On the Wharton campus, alumni frequently interact with students through an alumni mentoring program and participate in student conferences, career panels, and alumni club receptions.

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Fortress Announces New Affiliated Manager Platform

In January 2014, Fortress Investment Group, LLC, launched a new affiliated manager platform that will fuel the firm’s entry into the liquid alternative investment market and reveal opportunities for equity in high-potential startups. Funds seeking to use Fortress technology, client relationships, and infrastructure will have the ability to do so using a fee-for-services model. The first fund to join the platform was the Fortress Asia Macro Fund, which is based in Singapore.

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Wharton Innovation Group Brings Together Invention and Education




Since opening in 1881, the Wharton School of the University of Pennsylvania has stood at the forefront of business education. It was the first business school at the college level in the world, and more than 92,000 alumni have graduated from its campuses in San Francisco and Philadelphia. In order to continue this legacy of originality, Wharton created the Wharton Innovation Group in 2010. Focused on creating new and exciting ways of conducting business scholarship in the 21st century, the Innovation Group has already made great strides.

The Wharton Innovation Group, under the leadership of Vice Dean Karl Ulrich, has undertaken many projects to improve the school’s ability to reach and educate students. Working alongside Cisco Systems, Inc., the group created a state-of-the-art telecommunication classroom, with telepresence technology to allow students on both sides of the country to take the same class. Other projects have included exploring web-based course delivery platforms, creating new opportunities for lifelong learning at Wharton, and establishing the Wharton Fund for Innovation. In 2014 alone, the group plans to explore the possibilities of instituting new admissions processes for MBA applicants and to discuss plans for a global executive MBA program, as well as seeking new ways to academically engage Wharton students.

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Understanding Distressed Securities




As a rule in investing, higher risks are necessary to achieve higher rewards. One particularly risky type of investment involves distressed debt or distressed securities. When a company that has issued securities finds itself in distress—that is, is approaching or has declared bankruptcy—its securities rapidly fall in value. These distressed securities can be purchased at an extremely low price; and should an investor believe that the security issuer will succeed in turning the enterprise around, the rebounding price can represent a large windfall.

Naturally, given the dire straits of the companies issuing these distressed securities, this type of investing involves significant risk—if the company goes fully bankrupt and closes, any issued security will be rendered worthless. Institutional investors like hedge funds often use the distressed securities to exert a measure of control on the company, and the large size of institutional funds allows for better risk management. But individual investors can succeed in this volatile part of the market by paying close attention to bond rating companies, choosing high-rated bonds or purchasing exchange-traded debt in order to reduce the risk.

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Opportunity Junction Brings Job Seekers and Resources Together




Based in San Francisco, Tipping Point Community serves the entire Bay Area as a fundraising and grant-awarding nonprofit organization dedicated to fighting the effects of poverty. Tipping Point carefully selects its grantees from among those most effective in offering services related to housing, education, vocational training, medical care, and youth services. Among Tipping Point’s grantees working to help individuals in their quest to obtain jobs is Opportunity Junction, based in Contra Costa County in the East Bay.

Focusing on assisting participants interested in developing office and administrative skills, Opportunity Junction worked with more than 800 clients in 2012. And Opportunity Junction doesn’t stop at traditional job training: The organization understands that individuals with low incomes also need the chance to nurture their self-confidence and self-esteem if they are to succeed in the workplace over the long term.

Through providing mental health services and counseling and facilitating access to medical and childcare services, Opportunity Junction offers a much-needed basis of social support to its clients.




Opportunity Junction offers a full three months of training to assist clients in gaining literacy skills and developing familiarity with 21st-century office technology. The organization funds four months of compensated experience in a selected workplace and follows through with an additional year and a half of support services after the program ends.

Thanks to Tipping Point’s ability to offer a wide variety of professional and in-kind services to its grantees, the staff at Operation Junction has been able to access infrastructure-building workshops focused on fundraising and media strategies. Working with the philosophy that everyone deserves the chance to become self-sufficient, Opportunity Junction offers a variety of ways for volunteers and donors to make a contribution that could change someone else’s life for the better.

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Tipping Point Community Joins SF Businesses to Fight Poverty




Established in 2005, Tipping Point Community has already assisted more than a quarter of a million people living in the San Francisco Bay Area, with board members like Pete Briger ensuring that 100 percent of donations go to those in need by underwriting the charity’s operating costs. As of March of 2014, Tipping Point has redoubled its fundraising efforts with the inception of SF Gives. A poverty-fighting fund uniting many of the Bay’s biggest businesses, SF Gives will support the work of the region’s most diligent and efficient nonprofit organizations.

SF Gives began with Salesforce.com CEO Marc Benioff, who partnered his company’s Salesforce.com Foundation with Tipping Point Community to invite other Bay Area companies to donate $500,000 toward a new fund targeting initiatives that break the poverty cycle. With companies ranging from Jawbone and Zynga to LinkedIn and Google, the coalition making up SF Gives is well on its way toward its $10 million goal. Thanks to the innovative underwriting strategy of Tipping Point, every dollar will go on to assist those in need with access to health care, jobs, education, and housing.

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Tipping Point Community - A History of Real-World Success




Since its founding in 2005, San Francisco-based Tipping Point Community has contributed in excess of $60 million to assist in providing human services to a quarter million Bay Area residents in need. Tipping Point works with the goal of eradicating poverty through providing grant-funded support to selected partner nonprofits that have achieved practical results in delivering housing, educational, and employment services to clients.

Tipping Point founder and CEO Daniel Lurie saw the need to form a different kind of nonprofit, based on his service to a New York-based poverty-fighting organization called the Robin Hood Foundation. Inspired by that group’s success in lifting up a devastated city after September 11, 2001, Lurie returned to the Bay Area with the goal of fitting that model to his own community. Named for popular non-fiction author Malcolm Gladwell’s groundbreaking insights into the impact of a small group of committed individuals on society, Tipping Point aims to offer donors the most tangible return on their investments of time, money, and dedication.




Recognizing that many organizations operate with sincere intentions, but that fewer possess the infrastructure of leadership, fiscal sustainability, and workable strategic plans necessary to achieve real-world change, Tipping Point subjects each potential partner to a rigorous vetting process. Out of approximately 100 applications during its 2012-2013 fund-raising year, Tipping Point elected to add only six to its portfolio.

Thanks to the passion and dedication of its board members, who supply the total funding needed to conduct Tipping Point operations and fund-raising campaigns, every dollar raised goes to assist partner organizations and their clients. In its most recent annual report, the organization cited the nearly $14 million it raised, thanks to more than 1,000 new and continuing supporters.

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The Doe Fund Offers a Hand Up




Fortress Investment Group, LLC, and its staff support a wide range of charitable organizations, in the United States and abroad, through employee donations and matching corporate contributions. One of the many non-profits that have received Fortress staff contributions is The Doe Fund. Based in Manhattan, the organization strives to make a difference in the lives of individuals suffering from homelessness through providing job training, education, housing assistance, and supportive transitional services.

Currently, the Doe Fund’s main area of focus is its Ready, Willing & Able program, which is based on the central idea that participation in the workforce leads to positive and permanent life changes. Each day, Doe Fund facilities offer assistance to hundreds of people coping with homelessness and the effects of past incarceration. Each receives compensated work within a Doe Fund social services program, along with vocational training in areas such as professional driving, culinary arts, security services, pest control, and building maintenance. The Doe Fund assists its clients in making the leap into the broader workforce with employment placement and counseling.

The organization additionally offers access to high school diploma equivalency courses, computer instruction, and classes for adults hoping to gain literacy skills, while providing the security of regular room and board. If needed, the program also connects participants with social services that help them stay sober. After graduation from the program, each individual who transitions to outside employment receives five monthly payments of $200.

Successful participants in Ready, Willing & Able have noted the program’s ability to restore their sense of dignity and self-esteem by guiding them back into the world of work. One man, now drug-free and studying toward his associate degree, described the difference The Doe Fund offered: Unlike other programs, it did not describe what it could do for him. Instead, it helped him see what he could do for himself.

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How Tipping Point Community Vets Potential Partners

The San Francisco Bay Area is home to some 15,000 nonprofit social service organizations, all operating with the best of intentions, but some demonstrating greater results than others in fighting poverty. Tipping Point Community, in operation since 2005, provides unrestricted funding to carefully selected local organizations that have shown the greatest potential to make positive changes in their clients’ daily lives. Tipping Point focuses on supporting human service providers that make the biggest impact on the educational, job skills training, and housing needs of communities in poverty.

In its last fiscal year, Tipping Point received queries from some 100 organizations hoping to become grantees. Tipping Point subjected each application to its standard rigorous evaluation process to determine financial stability and sustainability, staff and board leadership potential, and history of effectiveness. After 116 hours of basic screening, 140 hours of initial assessments, on-site visits totaling 252 hours, and more than 500 hours of additional due diligence, Tipping Point selected six new nonprofits as partner grantees.

Tipping Point identifies potential new partners through research, referrals, and online contacts. If an organization meets the preliminary criteria, the next phases involve submission of an introduction form and a first visit to the potential partner’s facilities. For those few groups that emerge from this process, Tipping Point conducts further due diligence that encompasses face-to-face conversations with key staff, a financial review, and an analysis of long-term strategies and impact.

The final step in the new-partner acquisition process consists of a Tipping Point board vote at a quarterly meeting, with approved groups invited to become part of the Tipping Point portfolio.

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Tipping Point Community Provides Grants to Battle Poverty

Widely considered one of the foremost nonprofit organizations combating poverty in and around the San Francisco Bay Area, Tipping Point Community traces its origins to the successful grant-making model pioneered by the Robin Hood Foundation in New York City. Founded by former Robin Hood employee Daniel Lurie, Tipping Point opened its doors in 2005 in order to offer grassroots assistance to individuals dealing with unemployment, homelessness, illness, and other issues that arise from chronic poverty.

As a grant-making entity, Tipping Point leverages the participation of individual donors and the power of corporate partners to fund nonprofit organizations that address poverty throughout the Bay Area. Numerous local nonprofits have received Tipping Point grants that provide many of the area’s most marginalized residents with the tools they need to thrive and build a better future for themselves and their families. Notable recipients of Tipping Point funding include Compass Family Services, Aspire Public Schools, JobTrain, and the Center for Youth Wellness.

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