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_how-one-billionaire-lost-millions-and-left-underserved-scholarship-students-in-limbo.jpg "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.")
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_here39s-your-travel-outlook-for-april-25.jpg "Several areas of the country could endure weather-related travel delays on April 25.")
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_accuweather39s-2024-wildfire-season-forecast.jpg "Bad air quality and low visibility could once again be a concern as wildfires ramp up in the United States and Canada.")
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_here39s-your-travel-outlook-for-april-24.jpg "Several areas of the country could endure weather-related travel delays on April 24.")
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_mum-had-re-use-sanitary-towels-and-brush-teeth-with-water-after-falling-into-debt.jpg "A divorced mum-of-two reveals the 'dark times' she suffered after falling into hygiene poverty that left her feeling ashamed and embarrassed.<br/><br/>Caroline Gandy-Brown, 54, spiralled into debt after a divorce and found herself having to sacrifice her own hygiene for the sake of the children. <br/><br/>She laid bare the reality of hygiene poverty as new figures show single adults need an annual income of £31,536 to afford essentials - almost £2,000 more than the average £29,669 salary. <br/> <br/>Caroline would clean her teeth with the same old toothbrush for a year, sometimes with just water, so her kids wouldn't run out of toothpaste and when on her period she would reuse sanitary towels with toilet paper stuffed in them. <br/> <br/>She admitted: \")
⏲ 1:33 👁 150K
_celebrating-national-parks-week-at-fort-laramie.jpg "In celebration of National Parks Week, AccuWeather's Ariella Scalese speaks with Casey Osback, park ranger of Fort Laramie National Historic Site in Wyoming, who sheds light on the area's history.")
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_late-frost-threatens-french-vineyards.jpg "French winemakers light candles to protect buds from late-season frosts that could damage their crops.")
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_rounds-of-chilly-air-blast-the-northeast.jpg "Frost advisories and freeze warnings are in place from the Mid-Atlantic to New England.")
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_hail-rips-apart-south-carolina-yards-cars.jpg "Large hailstones and high winds collided in parts of South Carolina over the weekend, causing severe thunderstorms that left homes, yards and cars destroyed.")
⏲ 0:39 👁 48.6M
_the-divorce-gap-and-gender-retirement-issues.jpg "The shocking loss of income and retirement savings that disproportionately affect divorced women is a big challenge – especially for those over 50.")
⏲ 2:45 👁 105K
_the-only-way-to-withstand-this-life-the-girl-named-feriha.jpg "<br/>Feriha Yilmaz is an attractive, beautiful, talented and ambitious daughter of a poor family. Her father, Riza Yilmaz, is a janitor in Etiler, an upper-class neighbourhood in Istanbul. Her mother Zehra Yilmaz is a maid. Feriha studies at a private university with full scholarship. While studying at the university, Feriha poses as a rich girl. She meets a handsome and rich young man, Emir Sarrafoglu. Feriha lies about her life and her family background and Emir falls in love with her without knowing who she really is. She falls in love with him too and becomes trapped in her own lies.<br/><br/>Cast: Hazal Kaya, Çağatay Ulusoy,Vahide Perçin, Metin Çekmez,<br/>Melih Selçuk, Ceyda Ateş, Yusuf Akgün, Deniz Uğur, Barış Kılıç.<br/><br/>Production: Fatih Aksoy<br/>Director: Merve Girgin Neslihan Yeşilyurt<br/>Screenplay: Melis Civelek, Sırma Yanık<br/>")
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_how-to-find-the-andromeda-galaxy-in-the-night-sky.jpg "The Andromeda Galaxy is the farthest deep-sky object the human eye can spot at about 2.5 million light-years away. It can also be tricky to find, but here's how you can spot our galactic neighbor.")
⏲ 1:15 👁 1.3M
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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.")
_here39s-your-travel-outlook-for-april-25.webp "Several areas of the country could endure weather-related travel delays on April 25.")
_accuweather39s-2024-wildfire-season-forecast.webp "Bad air quality and low visibility could once again be a concern as wildfires ramp up in the United States and Canada.")
_here39s-your-travel-outlook-for-april-24.webp "Several areas of the country could endure weather-related travel delays on April 24.")
_mum-had-re-use-sanitary-towels-and-brush-teeth-with-water-after-falling-into-debt.webp "A divorced mum-of-two reveals the 'dark times' she suffered after falling into hygiene poverty that left her feeling ashamed and embarrassed.<br/><br/>Caroline Gandy-Brown, 54, spiralled into debt after a divorce and found herself having to sacrifice her own hygiene for the sake of the children. <br/><br/>She laid bare the reality of hygiene poverty as new figures show single adults need an annual income of £31,536 to afford essentials - almost £2,000 more than the average £29,669 salary. <br/> <br/>Caroline would clean her teeth with the same old toothbrush for a year, sometimes with just water, so her kids wouldn't run out of toothpaste and when on her period she would reuse sanitary towels with toilet paper stuffed in them. <br/> <br/>She admitted: \")
_celebrating-national-parks-week-at-fort-laramie.webp "In celebration of National Parks Week, AccuWeather's Ariella Scalese speaks with Casey Osback, park ranger of Fort Laramie National Historic Site in Wyoming, who sheds light on the area's history.")
_late-frost-threatens-french-vineyards.webp "French winemakers light candles to protect buds from late-season frosts that could damage their crops.")
_rounds-of-chilly-air-blast-the-northeast.webp "Frost advisories and freeze warnings are in place from the Mid-Atlantic to New England.")
_hail-rips-apart-south-carolina-yards-cars.webp "Large hailstones and high winds collided in parts of South Carolina over the weekend, causing severe thunderstorms that left homes, yards and cars destroyed.")
_the-divorce-gap-and-gender-retirement-issues.webp "The shocking loss of income and retirement savings that disproportionately affect divorced women is a big challenge – especially for those over 50.")
_the-only-way-to-withstand-this-life-the-girl-named-feriha.webp "<br/>Feriha Yilmaz is an attractive, beautiful, talented and ambitious daughter of a poor family. Her father, Riza Yilmaz, is a janitor in Etiler, an upper-class neighbourhood in Istanbul. Her mother Zehra Yilmaz is a maid. Feriha studies at a private university with full scholarship. While studying at the university, Feriha poses as a rich girl. She meets a handsome and rich young man, Emir Sarrafoglu. Feriha lies about her life and her family background and Emir falls in love with her without knowing who she really is. She falls in love with him too and becomes trapped in her own lies.<br/><br/>Cast: Hazal Kaya, Çağatay Ulusoy,Vahide Perçin, Metin Çekmez,<br/>Melih Selçuk, Ceyda Ateş, Yusuf Akgün, Deniz Uğur, Barış Kılıç.<br/><br/>Production: Fatih Aksoy<br/>Director: Merve Girgin Neslihan Yeşilyurt<br/>Screenplay: Melis Civelek, Sırma Yanık<br/>")
_how-to-find-the-andromeda-galaxy-in-the-night-sky.webp "The Andromeda Galaxy is the farthest deep-sky object the human eye can spot at about 2.5 million light-years away. It can also be tricky to find, but here's how you can spot our galactic neighbor.")
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