THE POSSE FOUNDATION, INC. thePRESIDENTS’ REPORT 2010, VOL. 5 Obama Donates Portion of Nobel Prize to Posse

On March 11, 2010, The Posse and recognition. Foundation became one of only 10 “On behalf of the entire Posse organizations selected by President Foundation, I thank President Obama Barack Obama to receive a portion of the for this incredible acknowledgment president’s $1.4 million Nobel Peace Prize and support,” says Posse President and award money, which he elected to donate Founder Deborah Bial. “For 20 years to charitable causes. Posse has been finding outstanding young people and connecting them to the great THE PRESIDENT’S SUPPORT IS A MESSAGE education they so deserve. “The president’s support is more than TO THE COUNTRY THAT THESE YOUNG financial; it is a message to the country that PEOPLE ARE NEEDED AS LEADERS these young people are not only important, but needed as leaders. We are beyond “These organizations do thrilled.” extraordinary work in the United States The other nine organizations selected and abroad helping students, veterans and to receive donations ranging from COURTESYHOUSE WHITE countless others in need,” said President $100,000 to $250,000 are: Fisher House, Obama. “I’m proud to support their work.” the Clinton-Bush Haiti Fund, College Within days of sharing the exciting Summit, the United Negro College Fund, news that Posse would receive a $125,000 the Hispanic Scholarship Fund, the grant from President Obama, hundreds Appalachian Leadership and Education of Posse Scholars and Alumni sent in Foundation, the American Indian letters expressing their appreciation College Fund, AfriCare and the Central for the president’s remarkable gift Asia Institute. President Obama accepts Nobel Peace Prize last December. University of Southern California Joins Program UW-Madison Expands Partnership, Brandeis Sets Sights on Atlanta The University of Southern California now admit liberal arts Posses from Atlanta USC SAID FROM THE START THAT to community involvement and (USC) has signed on as Posse’s newest as well. service‑learning programs. partner institution and will recruit its first THE LEADERSHIP ASPECT OF POSSE “USC said from the start that the class of Posse Scholars from UNIVERSITY OF SOUTHERN CALIFORNIA WAS WHAT MOST ATTRACTED THEM leadership aspect of Posse was what most this fall. Located in Los Angeles, California, attracted them,” says Posse President Additionally, the University of USC is one of the world’s leading private body of 17,000, 12 percent of whom are and Founder Deborah Bial. “USC’s Wisconsin-Madison—which already research institutions and the oldest on first‑generation college students, USC commitment to public service and their recruits Posses from Chicago, Los Angleles the West Coast. It is among the top 1 enrolls more international students awareness of the importance of developing and D.C.—has expanded the program percent of the most selective colleges and than any other university in the country global leaders from diverse backgrounds, further to recruit specialized Science universities in the country and is a global and offers extensive opportunities for makes them an ideal partner. Posses from New York City, making them leader in the fields of communication, internships and study abroad. The “We very much look forward Posse’s first quad-city partnership. multimedia technologies and the university also fosters a vibrant culture to the collaboration and know the Also recruiting Science Posses from life sciences. of public service and has received USC Posse Scholars will have a New York City, Brandeis University will With an undergraduate student national recognition for its commitment wonderful experience.” Nobel Laureate Speaks at Posse’s Presidents’ Conference Carnegie Mellon On October 12, 2010, Joseph Stiglitz, winner of the Nobel Prize in Becomes Graduate Economic Sciences, was the featured speaker at The Presidents’ Conference School Partner on Higher Education and the Economy, which was moderated by University of The H. John Heinz III College at Wisconsin‑Madison Chancellor Carolyn Carnegie Mellon University has signed on “Biddy” Martin and hosted by The as a Posse graduate school partner. Blackstone Group in New York City. Heinz College will annually offer one Close to 40 chancellors and presidents Posse Alumna/us a full-tuition graduate

from leading colleges and universities HOUSE OPERA SYDNEYBAUD,COURTESY DANIEL scholarship to its School of Public Policy & Management or School of Information PRESIDENTS FROM LEADING Systems & Management. In addition, Heinz College has agreed INSTITUTIONS GATHERED to provide tuition reduction scholarships— TO DISCUSS THE ECONOMY worth about $6,000 per semester—to all Posse Alumni who matriculate into any of gathered for a discussion about the their full-time master’s degree programs. ramifications of a weakened U.S. economy Carnegie Mellon is a national for institutions of higher education. research university located in Pittsburgh, The event also included a presentation Pennsylvania, with over 7,500 students and on the need for diversity in STEM fields 3,000 faculty, research and administrative by Peter Bruns, professor emeritus of staff. The School of Public Policy & genetics at Cornell University and special Management is one of the nation’s leading consultant at Howard Hughes Medical LEFT: Joseph E. Stiglitz, Columbia University professor and Nobel laureate in economic sciences. public policy research institutions. Institute. RIGHT: University of Wisconsin-Madison Chancellor Carolyn “Biddy” Martin moderated the Presidents’ Conference. The School of Information Systems In addition, David Thomas, H. & Management consistently ranks among Naylor Fitzhugh professor of business the world’s elite in information technology administration at Harvard Business The Presidents’ Conference is held and equity in higher education. and information technology management. School, spoke on diversity in higher biennially and provides a unique forum To learn more about upcoming education and its impact on the for top university and college leaders to Posse events, please visit our website at demographics of corporate leadership. discuss issues related to diversity, access possefoundation.org. 2 2010, VOL. 5 First Lady Invites Posse Fdn. to White House Gala Honors

On invitation from Michelle Obama, stressed to the young people in attendance The Posse Foundation visited the White the importance of attaining a college Bucknell Pres. House on March 13 and again on degree. September 21 to conduct workshops for The workshops focused on strategies Brian Mitchell students participating in the first lady’s for understanding the higher education mentoring program—a yearlong initiative landscape and tackling the college

that aims to broaden the horizons of 20 COURTESYHOUSE WHITE application process. Students filled out D.C.-area teenage girls by pairing them college “dream cards,” talked about with mentors who are members of the educational values, created a personal White House staff. college expectation map, and explored culture, diversity and academic life on A GOOD MENTOR IS SOMEONE WHO LEADS college campuses. “Being invited to the White House for BY EXAMPLE. THROUGH THIS PROGRAM, this project was truly an amazing honor,” THE FIRST LADY IS DOING JUST THAT First Lady Michelle Obama. says Deborah. “It’s difficult to overstate the influence a mentor can have on a young Posse President and Founder Deborah person’s life. A good mentor is someone Bial along with Posse trainers and alumnae Bain conducted the days’ workshops. who, among other things, leads by Yinnette Sano and Tynesha Wright and Mrs. Obama thanked Deborah and example. And through this program, the director of training and evaluation Regina Posse for its work on college access and first lady is doing just that.” Alumnus Founds Org. to Serve Impoverished Children

Ryan Letada, Wheaton Posse 5 (New York), graduated from Wheaton College in Massachusetts in 2008 with a bachelor’s degree in economics. Upon graduating he set out for Manila, Philippines, on a Fulbright Fellowship to research the mass eviction of residents of poor urban communities. Less than a year later, he is preparing to send 100 laptops to two Former Bucknell University President Brian Mitchell accepts schools in small, impoverished fishing the Posse Star Award. communities in the municipality of Lubang in Mindoro, Philippines. On May 26, a record 600 guests MY EXPERIENCE WITH POSSE gathered at Pier Sixty in New York City for the 2010 Posse Gala, An Evening HELPED ME IDENTIFY MY PASSION of Stars. The annual event celebrates FOR SOCIAL ENTREPRENEURSHIP Posse’s incredible partners and supporters who have demonstrated a commitment In the summer of 2009, Ryan to education and made a significant co‑founded eKindling, a nonprofit social Ryan Letada, Wheaton Posse 5 (New York) Alumnus and co-founder of eKindling, addresses group of Filipino students about investment in the lives of young people. venture that seeks to enhance educational XO laptop computer. Among the evening’s honorees was opportunities for underserved children. outgoing Bucknell University President eKindling, short for education kindling, audience: the world’s poorest children. his parents’ sacrifice for the opportunities Brian Mitchell, who was presented with got its start when Ryan discovered the “I want to provide children in he has had to travel the world, pursue a the Posse Star Award by recent Bucknell organization One Laptop Per Child the Philippines with the educational Fulbright and receive a first-rate education. Posse graduates. (OLPC) and set a goal to expand its opportunities that will allow them to “My experience with Posse and at service to the Philippines. Since then, dream bigger,” says Ryan. Wheaton helped me identify my passion I DON’T SEE MYSELF AS A PARTICIPANT eKindling has raised more than $20,000 Ryan and his family immigrated to for social entrepreneurship and find from donors across the globe and has the United States when he was 11 years ways to make positive change in the IN POSSE; I SEE MYSELF INSTEAD partnered with OLPC to help provide old to escape poverty in the Philippines, world through business and creativity,” AS A SOLDIER IN A MOVEMENT their low-cost XO laptop to its intended settling in the Bronx, New York. He credits Ryan says. “I believe that the Posse Program is the best exemplar we have of a private public partnership that links colleges Union Scholar Sets Out to Impact Medical Field and universities to policy objectives, to university strategic plans, to American Tri Trang, Union Posse 3 (Boston) is program and tutors special needs children. strategic needs and to societal needs across a junior at Union College in Schenectady, He has also volunteered as a trained the globe,” he said. “It’s important to New York. As a student in Union’s counselor for a smoking cessation program realize that this has the capacity to change highly competitive eight-year Leadership at the Schenectady Free Health Clinic and lives, to change cultures on college and in Medicine Program—a combined worked at UMass Memorial Hospital. university campuses and to reinforce an bachelor’s, master’s and medical degree On campus, he is involved with the American ethos. program—he is currently majoring in student AIDS awareness group FaceAids, “I can say clearly that I’m very proud biology and economics and taking courses the college’s environmental club, Habitat to have participated in Posse and will toward a master’s of science in health for Humanity and Phi Delta Theta continue to be active in it. But I don’t see care management. He will begin medical Fraternity. He even founded a Hip Hop myself as a participant in Posse; I see school at Albany Medical College in 2013. and break dance team called UBreak. myself instead as a soldier in a movement.” This past summer Tri interned with Under President Mitchell’s leadership, MY GOAL IS TO PROVIDE TOP-QUALITY Posse Career partner Blue Cross and Blue Bucknell became Posse’s second tri-city Shield of Massachusetts, gaining valuable partner in 2009, annually awarding more PRIMARY CARE, ESPECIALLY TO exposure to different aspects of the health than $4 million in Posse Scholarships to THOSE WHO NEED IT MOST care field. He spent his winter break in students in three cities. Riobamba, Ecuador, traveling with the Other honorees included Miami-Dade “Union was my first choice,” Tri says. MEDLIFE Brigade, a team of volunteer County Public Schools Superintendent “When I found out I got the scholarship doctors and students who provide basic Alberto Carvahlo, The Travelers I had a tough decision to make between medical and dental care to the area’s Companies with Chairman and CEO Jay Posse and going to an admissions poorest communities. It was an experience Fishman and, Derron Wallace, a Wheaton interview for Harvard. Going to college that particularly resonated with Tri. Posse Alumnus who is currently studying with a group, a support network was the “I have vivid memories of the very low at the University of Cambridge on a experience I wanted for myself.” Tri Trang volunteers in Rio Bamba, Ecuador, with the quality medical care and dingy waiting Marshall Scholarship. Tri and his family immigrated MEDLIFE Brigade. area in the primary care doctor’s office The hugely successful event, which to the United States from Vietnam that served my low-income Vietnamese raised $2.1 million, was once again when he was just a baby and settled in community growing up,” he says. “That emceed by past gala honoree and 60 Connecticut before moving to Worcester, Tri continues to be a remarkably active experience heavily influenced my goal to Minutes Correspondent Lesley Stahl and Massachusetts. With a long history of leader on campus and in both local become a doctor and provide top quality included a special comedic performance academic achievement and community and international communities. He primary care, especially to those who need by John Oliver from The Daily Show with involvement that began in high school, co‑facilitates an afterschool science it most.” Jon Stewart. 3 2010, VOL. 5 480 Students Win $67 Million in Scholarships From a pool of more than 12,000 Posse National Board member Diane nominees, 480 new Posse Scholars in Patrick, Boston Schools Superintendent Atlanta, Boston, Chicago, D.C., Los Dr. Carol Johnson and Miami-Dade Angeles, New York and Posse’s newest site, Superintendent Alberto Carvalho, who Miami, won $67.2 million in four-year, was honored at this year’s Posse Gala full-tuition leadership scholarships and are event. now enrolled at 37 Posse partner colleges Several of the ceremonies also and universities across the country. received local and national media coverage Early this year each Posse site held an in such outlets as WJLA News in D.C. and Awards Ceremony to welcome the newest The Huffington Post. class of Scholars, who were cheered on by In its 21-year history, Posse has their families, teachers and a welcoming identified 3,148 exceptional young leaders community of fellow Scholars, Alumni, who have won $334 million in four-year, staff and partner college administrators. full-tuition scholarships to some of the Special guests at Awards Ceremonies most selective colleges and universities in included Lawrence University President the country. Jill Beck, Union College President Stephen Ainlay, First Lady of Massachusetts and

POSSE AWARDS CEREMONIES (top to bottom from left) Members of Brandeis Science Posse 3 (New York). Reginald Glosson, Dickinson Posse 6 (Los Angeles). Hamilton Posse 1 (Miami) Scholars Marcela Delgado, Myles Hodges and Morgan Markman. Members of Lafayette Posse 5, Sewanee Posse 4, Wisconsin Posse 2 and Bucknell Posse 6 (D.C.). Karla and Erika Carrion, Carleton Posse 10 (Chicago). Boston University Posse 3 (Atlanta). Denison Posse 6 (Boston).

Posse Alumni Gather for Annual Leadership Conference On August 13, 2010, 110 Posse Alumni from across the country gathered at the second annual National Posse Alumni Leadership Conference in New York City. Joined by Posse staff and board members, Alumni participated in various workshops geared at preparing them for success in graduate school, the workforce and beyond. The event was once again generously sponsored by The New York Times Company and Posse Career partner Goodwin Procter. Posse President and Founder Deborah Bial and longtime Posse Board member Hon. Mayor David N. Dinkins opened the event with welcome remarks. Fellow Posse board members David Kabiller, founding principal at AQR Capital, and Nancy Mistretta, formerly of leading recruitment firm Russell Reynolds Associates, also participated as workshop panelists, offering their expertise on creating the ideal career and succeeding in the finance world. Other workshop topics addressed how to get into a competitive graduate school and wealth building.

see “ALUMNI” on Page 4 A few of the Alumni attendees of the National Posse Alumni Leadership Conference. 4 2010, VOL. 5 Campus Retreats Ask ‘Do We Still Need to Talk About Race?’

This year, nearly 3,000 participants included Blogosphere, which examines came together at different sites around how comments about race differ in virtual the country to explore the subject of forums, and Spaces, which looks at how race at Posse’s annual PossePlus Retreats race plays out in specific locations on (PPRs). PPRs are off-campus gatherings- campus. of Posse Scholars, fellow college students, administrators and faculty that address POSSEPLUS RETREATS AIM important campus issues identified by Posse Scholars. TO FACILITATE COMMUNITY BUILDING Newer partner schools such as Bard AND PRODUCTIVE DIALOGUE College, Tulane University and University of California, Berkeley held their first Each PPR opened with a video on retreats. The University of Wisconsin- race, which, for the first time, featured on- Madison, a newly named quad-city partner, street pedestrian interviews. The retreats held its first multicity retreat, which boasted closed with an activity in which participants nearly 200 participants. wrote a children’s book about race. Current events such as President Participants also completed a survey on the Obama’s election, the appointment of U.S. topic, which will be used to inform a report Supreme Court Justice Sonia Sotomayor that will be released by the Posse Institute and the arrest of Harvard professor later this year. Henry Louis Gates, Jr., framed the retreat PossePlus Retreats aim to facilitate discussions, which considered the question community building and productive of whether or not we are in a post-racial dialogue while exploring a topic on a society. national, campus and individual level. Some of the workshops led by Past PPR topics have included social Attendees of the Brandeis PossePlus Retreat participate in a small group discussion. Posse staff and professional facilitators responsibility and education.

congratulate and salute you,” said Harold. Aluma/us who has achieved success and “The goal of the organization is to “ALUMNI” from page 3 “I am totally honored in every sense of demonstrated the potential to create provide scholastic opportunities to at Special guest speakers included the word to not only be a part of this meaningful, far-reaching contributions to least 25 Haitian kids every year,” said Yale psychology professor and author of organization but to hopefully help be a society. Loubens. “I strongly believe in education How Pleasure Works: The New Science of part of graduating the next generation of Loubens immigrated to the United and providing opportunities for those Why We Like What We Like. Paul Bloom Posse leaders from our organization and States from Haiti at the age of 13, and who don’t have it, helping them to and keynote speaker Harold Ford Jr., across this country.” since graduating from advance their education.” executive vice chairman of Bank of Hamilton Posse 2 Alumnus Loubens in 2006, has launched a successful career In the spirit of giving back, one‑third America Merrill Lynch and former U.S. Theork, one of three brothers to receive as an analyst at Fidelity Investments of Posse Alumni who attended the congressman, who recently joined Posse’s the Posse Scholarship, was presented with in Boston and formed a nonprofit conference made a donation to Posse. national board. the 2010 Ainslie Alumni Achievement organization to give back to students in “To Posse Scholars and Alumni, I Award, which is given annually to a Posse his native Haiti.

PARTNER COLLEGES+UNIVERSITIES NATIONAL BOARD of DIRECTORS

Babson College Lafayette College CHAIR Bard College Lawrence University Jeffrey Ubben Founder and Managing Partner, ValueAct Capital Boston University Middlebury College Brandeis University PRESIDENT + FOUNDER Bryn Mawr College Oberlin College Deborah Bial The Posse Foundation Bucknell University Pepperdine University VICE CHAIR Carleton College Pomona College Anthony J. de Nicola Co-President, Welsh, Carson, Anderson & Stowe Centre College Sewanee: The University of the South Claremont McKenna College Trinity College SECRETARY Tulane University Philip M. Pead Managing Partner, Beacon Point Partners; Chair, Posse Atlanta Advisory The Union College Board Connecticut College University of California, Berkeley Denison University University of California, Los Angeles TREASURER DePauw University University of Illinois at Urbana-Champaign Susie Scher Managing Director, Goldman, Sachs & Co. Dickinson College University of Pennsylvania Franklin & Marshall College University of Southern California Michael Ainslie Posse Chair Emeritus; Trustee, Vanderbilt University Grinnell College University of Wisconsin-Madison Anson M. Beard, Jr. Advisory Director, Morgan Stanley Hamilton College Vanderbilt University Eric Beckman Ares Management LLC; Chair, Posse Los Angeles Advisory Board Wheaton College Robbie Oxnard Bent Private Sector Alastair Borthwick Managing Director and Co-Head, Global Capital Markets, Bank of America Merrill Lynch GRADUATE SCHOOL PARTNERSHIPS Ronald Crutcher President, Wheaton College Carnegie Mellon University Heinz College School of Public Policy & Management Hon. David N. Dinkins Professor, School of International & Public Affairs, Columbia University; Carnegie Mellon University Heinz College School of Information Systems & Management 106th Mayor, City of New York Northeastern University College of Business Administration Martin Frederic Evans Presiding Partner, Debevoise & Plimpton LLP Northwestern University Kellogg School of Management Richard D. Fain Chairman & Chief Executive Officer, Royal Caribbean Cruises Ltd. Northwestern University School of Law Harold Ford, Jr. Executive Vice Chairman, Bank of America Merrill Lynch; Professor, NYU University of Washington College of Education Wagner School of Public Service University of Washington Evans School of Public Affairs Michele Ganeless President, Comedy Central University of Washington Information School Kelly Granat Managing Director, Lone Pine Capital; Chair Posse New York Advisory University of Washington School of Social Work Board James S. Hoyte Fellow, Harvard University W.E.B. DuBois Institute for African and African American Research Barbara Janulis Private Sector David G. Kabiller Founding Principal, AQR Capital Management, LLC Steven M. Lefkowitz President, CI Capital Partners Eric N. Macey Founder and Partner, Novack and Macey LLP; Chair, Posse Chicago POSSE MISSION Advisory Board Founded in 1989, The Posse Foundation identifies public high school students Bruce Macleod CEO, Antares Real Estate Garrett Moran Senior Managing Director, The Blackstone Group with extraordinary academic and leadership potential who may be overlooked by Diane B. Patrick, Esq. Partner, Ropes & Gray LLP; First Lady of Massachusetts traditional college selection processes. The Foundation extends to these students Paul J. Selian Executive Vice President, Chief Investment Officer, State Street Corporation; Chair, Posse Boston Advisory Board the opportunity to pursue personal and academic excellence by placing them in Eugene B. Shanks, Jr. Corporate Director, Private Sector; Trustee, Vanderbilt University supportive, multicultural teams—­ Posses—of 10 students. The Foundation’s partner Frank Sesno Professor of Media and Public Affairs and Director of Public Policy and Media Institute, George Washington University; Special Correspondent, universities award Posse Scholars four-year, full-tuition leadership scholarships. CNN; Chair, Posse D.C. Advisory Board Brad Singer Senior Executive Vice President and Chief Financial Officer, Discovery Communications David A. Thomas Professor, Harvard Business School Timothy H. Ubben Founding Chairman, Posse Chicago; Retired Founder and Chairman, Lincoln Capital Management; Trustee, DePauw University John D. Wiley Chancellor Emeritus, University of Wisconsin-Madison 14 WALL STREET Jeremy Zimmer Founding Partner, United Talent Agency SUITE 8A-60 TEL: (212) 405-1691 [email protected] NEW YORK, NY 10005 FAX: (212) 405-1697 www.possefoundation.org