Tag: Glenn Hutchins

Harvard Sociologist William Julius Wilson Leads $10 Million Study of Racial Inequality at Hutchins Center for African and African-American Research

Hutchins Center at Harvard (photo via newsone.com)
Hutchins Center for African & African American Research at Harvard (photo via newsone.com)

article via cnbc.com

U.S. policymakers need comprehensive, unbiased research if they are to adequately address America’s racial inequality, Harvard sociologist William Julius Wilson told CNBC on Thursday.

William Julius Wilson (photo via sociology.fas.harvard.edu)
William Julius Wilson (photo via sociology.fas.harvard.edu)

Wilson’s call for research follows two years of political unrest that have swept the nation following controversies, such as the fatal police shooting of black motorist Philando Castile in Minnesota and the Flint, Michigan water crisis.

“People have been exposed to multiple and reinforcing hardships — racial hardships and economic hardships,” Wilson told “Squawk Box.”“What we hope to do is to analyze these problems at once.”

Wilson is currently leading “Multidimensional Inequality in the 21st Century: the Project on Race and Cumulative Adversity,” a study of poverty, crime, housing and homelessness funded by a $10 million grant from the Hutchins Family Foundation.

“Our goal is to provide information to policymakers who want to make good decisions,” said Wilson. “If they have the information, we can decide how to attack the problem.”

Glenn Hutchins, chairman of North Island — the investment firm that manages his personal wealth — is also the benefactor of Harvard’s Hutchins Center for African & African American Research.

Hutchins echoed Wilson comments, telling CNBC in the same interview: “We have the opportunity to do non-ideological, evidence-based policy making.”

The study would provide direction amid the country’s tumultuous political climate, said Hutchins, a former Bill Clinton advisor and co-founder of technology investment powerhouse Silver Lake Partners.

Hutchins hopes his family foundation’s grant will ensure that Wilson and his colleagues can “create the type of policies that can pragmatically get at this complex problem.”

To see video and read more, go to: http://www.cnbc.com/2016/10/06/new-10-million-harvard-study-to-investigate-racial-hardships.html

Inspired by Professor Henry Louis Gates Jr., Investor Makes Huge Gift for Black Studies

Henry Louis Gates Jr. of Harvard, left, and Glenn Hutchins of Silver Lake. The two became friends after meeting 10 years ago.
Henry Louis Gates Jr. of Harvard, left, and Glenn Hutchins of Silver Lake. The two became friends after meeting 10 years ago. (Robert Caplin/New York Times)

Just over 10 years ago, the private equity mogul Glenn Hutchins was on vacation in Martha’s Vineyard. With his 25th Harvard College reunion near, he was thinking about how to put some of his wealth to good use.  One afternoon, clad in a T-shirt and board shorts, he stopped at an old whaling chapel, where Henry Louis Gates Jr., the prominent professor of African and African-American studies at Harvard, was leading a symposium.  That encounter gave Mr. Hutchins his cause.

Since then, Mr. Hutchins has strengthened his connection to Mr. Gates and the Harvard program. Their bond will become stronger on Wednesday, when Mr. Hutchins is expected to announce a gift of more than $15 million to create the Hutchins Center for African and African-American Research, solidifying Harvard’s program as one of the top in its field.  “It creates an infrastructure for the department and a solid foundation on which they can thrive,” Mr. Hutchins said in an interview this month.

The gift — part of a previously announced $30 million donation to the university whose uses had not all been specified — also bespeaks a friendship between two men unlike each other in many respects. One is a wealthy white financier whose firm, Silver Lake, is on the verge of taking over the computer maker Dell with its founder, Michael S. Dell; the other is a celebrated black professor who helped popularize African-American studies as an academic field and social phenomenon.

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