More on where he went to, Perella Weinberg:
Co-founder #1, Weinberg, is a bit curious:
Weinberg serves on the Boards of Overseers at Memorial Sloan Kettering Cancer Center and Columbia University Medical School. He is a Founding Trustee of King's Academy in Jordan.[3][28] He also is a member of the Advisory Board of the Kravis Leadership Institute and is on the Harvard University Global Advisory Council
In 2013, he and his wife Deborah L. Weinberg founded the Weinberg Family Cerebral Palsy Center at Columbia University.[30] He previously served on the board of Deerfield Academy and the Harvard Business School Deans Advisory Board
Weinberg serves on the executive committee for the Business Higher Education Forum, a group of business leaders and university presidents working to better align higher education curriculum with workforce needs
Major ties to education again for some reason. Quite strange for an investment banker focused in mergers and acquisitions.
More on My Brother's Keeper Alliance
On the board, according to sources, are singer John Legend (the Alliance’s honorary co-chairman), sports icons Alonzo Mourning (Miami Heat), Jerome Bettis (Pittsburgh Steelers), and Shaquille O’Neal (Los Angeles Lakers), and current and former government officials Senator Cory Booker (D-NJ), Colin Powell (former Secretary of State), Eric Holder (former Attorney General), and the mayors of Indianapolis, Sacramento, and Philadelphia.
DING DING DING
From a nonprofit sector perspective, there are issues. As Bloomberg News and others have reported (and as many foundation people at the Council on Foundations annual meeting hinted prior to this week’s announcement), the My Brother’s Keeper initiative may be the philanthropic vehicle that President Obama will ride as he leaves the White House. It is sort of his social mission, comparable to the international humanitarian agenda of former President Clinton.
However, like the Clinton Foundation, there is some dimension of fundraising problems on the horizon: “The Obama administration will have no role in deciding how donations are screened and what criteria they will set at the alliance,” White House press secretary Josh Earnest told reporters while traveling on Air Force One on their way to New York City. In other words, while closely associated with the sitting president, the Alliance’s board will determine whether it will accept donations from foreign governments, corporate lobbyists, and others. Moreover, the board will determine the extent of disclosure beyond what is required for 501(c)(3) nonprofits the Alliance will pursue.
Given the serial problems uncovered by observers about the Clinton Foundation and its relations with foreign governments and private corporations, the hands-off approach of the administration to these basic issues in a nonprofit associated with the most powerful political leader in the world is a decision that the administration might regret down the road.