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_how-one-billionaire-lost-millions-and-left-underserved-scholarship-students-in-limbo.webp "On March 21, the roughly 70 employees of the Schuler Education Foundation, based in the affluent suburb of Lake Forest, Illinois, were summoned to an emergency all-hands meeting. Over the past two-plus decades, the nonprofit founded and funded by a former president of healthcare giant Abbott Laboratories, Jack Schuler, had spent at least $150 million counseling and tutoring more than 1,800 low-income students from Chicago and Milwaukee-area high schools to help them gain admission to elite colleges; those colleges in turn covered most (if not all) of the students’ tuition and other costs.<br/><br/>The employees, who first had to certify they wouldn’t record anything, were let into a Zoom room where the nonprofit’s executive director Joanne Bertsch read from a script announcing that the foundation would shut down on May 24. Everyone would be let go except for a skeleton crew of seven college counselors left to support students through August. <br/><br/>0:00 Introduction<br/>0:15 How Our Reporters Found Out About Jack Schuler<br/>3:05 Reporting On The Schuler Foundation<br/>5:45 Losing Money In The Market<br/>8:50 The Role Of Healthcare Stocks<br/>12:23 The Impact On Students And Colleges<br/>16:05 How The Foundation Behaved As Their Investments Lost Value<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/giacomotognini/2024/04/16/inside-the-collapse-of-a-former-billionaires-foundation-for-low-income-students/?sh=b52a7d62f78b<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_heera-mandi-what39s-left-of-pakistan39s-red-light-district.webp "spaghetti stef")
_red-light-area-124sanjay-leela-bhansali-124-netflix.webp "REVEALING EYES")
⏲ 8 minutes 9 seconds 👁 160.1K
_see-earth39s-lithospheric-magnetic-field.webp "The magnetized rocks of Earth's crust and mantle, also known as the upper lithosphere, accounts for generating 6 percent of the planets magnetic field. Data from the European Space Agency's Swarm satellites was used to create this high resolution map of the tiny magnetic signals. Red areas indicate positive magnetic field and blue area are negative. <br/><br/>Credit: ESA")
_red-light-area-maharastra-pune-budhwar-peth-sangli.webp "@Learn-travel")
_beautiful-pak-girls-started-night-business-pakistan-financialamp-food-crisis.webp "Kanairia Research")
⏲ 8 minutes 26 seconds 👁 318.3K
_perseverance-rover-delivered-amazing-view-of-ancient-mars-river.webp "NASA Perseverance rover captured stunning imagery of an area called \")
_prostitution-in-pakistan.webp "BBC News اردو")
_heera-mandi-red-light-area-124-sanjay-leela-bhansali-124-netflix-124-tarikh-e449.webp "The Lallantop")
⏲ 9 minutes 8 seconds 👁 278.2K
_pakistan-5-japanese-workers-narrowly-escape-attack-that-targeted-their-vehicle-in-pak-124-oneindia.webp "According to local police chief Arshad Awan, a suicide bomber detonated his explosive-laden vest close to a van transporting Japanese autoworkers in Pakistan's southern port city of Karachi, causing injuries to three bystanders. The van was en route to an industrial area where the five Japanese nationals are employed at Pakistan Suzuki Motors. <br/> <br/>#PakistanAttack #JapaneseWorkers #SecurityIncident #ChineseInvestment #CPEC #ChinaPakistanRelations #TerrorismInPakistan #ForeignWorkers #SouthAsiaSecurity #InternationalSafety<br/>~PR.152~ED.101~")
⏲ 2:6 👁 2.5M
_most-dangerous-drive-through-red-light-district-of-lahore-pakistan.webp "1000 Nomads")
⏲ 20 minutes 13 seconds 👁 9.8K
_lahore-k-road-par-badkaari-ka-dhanda-arooj-pe-124-leader-tv-124.webp "Leader TV hd")
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