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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.

How One Billionaire Lost Millions And Left Underserved Scholarship Students In Limbo

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Borahae BTS ARMY

This Munda is seriously kukkad Kamal da🥰🥰😍😍😍😍 | WhatsApp video status |

⏲ 30 seconds 👁 2.5K

Abhishek Chaudhary

Munda Kukkad Kamaal Da #kukkad #shorts #trending #dance

⏲ 15 seconds 👁 83K

Does the education system prep students for the real world?

52% of people think the current education system prepares young people poorly for the world of work

⏲ 1:5 👁 390K

SonyMusicIndiaVEVO

Vishal & Shekhar, Shahid Mallya, Nisha Mascarenhas, Marianne D'cruz Aiman - Kukkad

⏲ 3 minutes 8 seconds 👁 79.1M

Lucknow Dance Hub

KUKKAD - STUDENT OF THE YEAR | LUCKNOW DANCE HUB

⏲ 1 minute 32 seconds 👁 9.1K

Join us for the latest international news updates in Episode 5 of International News Wrap. In this episode, we cover a range of topics including Prince Louis's birthday celebration, the passing of the Rwanda Asylum Law in the UK parliament, the recent protests at NYU, and more. Stay informed about the latest events from around the globe by tuning in now! <br/> <br/><br/>#PrinceLouisBirthday #RwandaAsylumLaw #NYUProtest #MalaysiaHelicopterCrash #NorthKoreaDrill #InternationalNews #Oneindia<br/>~HT.97~PR.274~ED.102~

Prince Louis B'day, Rwanda Asylum Law, NYU Protest and More| International News Wrap EP-5 | Oneindia

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Editng Queen

Siddharth Malhotra stylish walk || ft. Kukkad kamal da #shorts

⏲ 16 seconds 👁 15.2K

IsabellaStarr M.

Kukkud- Student of the year

⏲ 2 minutes 25 seconds 👁 8.9K

Two Telangana students, Nivesh Mukka and Goutham Kumar Parsi, aged 19, tragically perished in a road accident in Arizona, USA. Both studying computer science engineering at Arizona State University, they were returning home when their vehicle collided head-on with another car. The families urge Indian government assistance to repatriate their bodies. The incident underscores safety concerns for Indian students abroad. <br/> <br/> <br/>#indianstudentus #indianstudentsusa #indianstudentsinusatelugu #indiastudentusa #indianstudentsinusadeath #indianstudentsinusauniversities #NiveshMukka #GouthamParsi #ArizonaStateUniversity #Oneinda #Oneindia news <br/>~HT.99~PR.152~ED.155~

Two Indian Students, Both 19, Lose Their Lives in a Tragic Road Accident in US | Oneindia News

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According to protest organisers, hundreds of thousands of Argentines flooded the streets to express their outrage over cuts to higher public education under the newly elected President Javier Milei. Students, professors, parents, and alumni from the country's 57 state-run universities rallied together on Tuesday, uniting in defence of free public university education amidst the economic turmoil plaguing South America. Joined by labour unions, opposition parties, and private universities, the demonstrations spread from Buenos Aires to major cities like Cordoba, marking one of the largest protests against the austerity measures implemented since Milei assumed office in December. While police estimated around 100,000 participants in the capital alone, organisers claimed the number soared closer to half-a-million, effectively paralysing the city centre for hours. <br/> <br/>#ArgentinaProtests #EducationCuts #PresidentMilei #ArgentinaEducation #Protests #HigherEducation #PublicEducation #BudgetCuts #EducationReform #StudentProtests<br/>~HT.178~PR.152~ED.194~GR.123~

Argentina Protests: Massive protests over education cuts under new President Milei | Oneindia

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A chronically ill student took her first steps in 10 years - to accept her awards for excellence at graduation. <br/><br/>Melika Ghanaati, now 19, hasn't been able to walk unaided since 2013 due to four debilitating medical conditions. <br/><br/>She was born with a severe form of scoliosis - a curved spine - as well as congenital myopathy, a disorder which has caused weakness in her muscles. <br/><br/>Growing up, she either used a walker or a wheelchair - and has needed various surgeries to correct her curved spine. <br/><br/>But after a year of intensive physiotherapy, Melika was able to walk up to her teacher unaided and receive her high school diploma, as well as two awards for excellence. <br/><br/>Melika, who is now a student at York University, Canada, said: “This was such a special moment for me - my teachers and closest friends were worried about me, but I proved everyone wrong. <br/><br/>“I wanted to surprise everyone with the walk, but most importantly, I believed I owed it to myself.”<br/><br/>Melika was born with a number of conditions - including scoliosis, severe club feet, congenital myopathy and recurring kidney stones. <br/><br/>But her scoliosis and club feet were the biggest hurdles preventing her from being able to walk. <br/><br/>Up until the age of 13, Melika had a number of surgeries in an attempt to get the curve and club feet corrected. <br/><br/>She even briefly died in ICU after surgery at the age of 12. <br/><br/>She said: “Between the ages of 10 to 13 I had three spinal surgeries.<br/><br/>“I even had a code blue - I died for a few seconds. <br/><br/>“I lost a lot of blood flow and needed to have a blood transfusion.\

Disabled student takes first steps in 10 years - on stage at her graduation

⏲ 0:55 👁 1.6M

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