Chairman & CEO, Children's Scholarship Fund
Live Web cast April 3, 2001 1 p.m. ET/10 a.m. PT
Listen to the event
Ted Forstmann first became known for his achievements in the investment industry. He is a senior partner of Forstmann Little & Co., a private investment firm. Since 1978, the company has invested almost $10 billion in acquisitions and investments.
Forstmann has long been committed to philanthropic causes, particularly in the area of education. In 1998, together with Wal-Mart's John Walton, he created The Children's Scholarship Fund. Its purpose is to provide parents, children and teachers with new ways of thinking about how education is funded and delivered in the United States. According to the CSF, low-income parents of more than 1.25 million children applied for CSF four-year scholarships that would enable them to send their children to the school of their choice. As of April, 1999, The Children's Scholarship Fund awarded $160 million of scholarships to 40,000 children in 48 states.
Forstmann recently launched "Parents in Charge," a non-partisan organization dedicated to promoting a competitive educational environment in which parents are in charge of their children's education, and all children have an equal access to a quality education.
As director of the International Rescue Committee, he established a medical program for war-injured children. As a major contributor and the only non-South African trustee of the Nelson Mandela Children's fund, Forstmann has worked to relieve the plight of South African street children by helping to provide education, shelter and medical care. In the United States, Forstmann co-founded two camps for chronically ill children: the Benedict-Forstmann Silver Lining Ranch and the Boggy Creek Gang Camp.
For these and other charities, Forstmann, along with two of his brothers, established the Huggy Bear Invitational Tennis tournament in 1984, which raises more than $1million annually.
Forstmann is a graduate of Yale University and the Columbia School of Law.
Forstmann Little & Co.
Children's Scholarship Fund