Ford Foundation's outgoing president joins the board of Obama Foundation
The Obama Foundation, the Chicago-based nonprofit of former President Barack Obama and former First Lady Michelle Obama focused on encouraging active involvement in democracy through initiatives like the My Brother's Keeper Alliance and the Obama Youth Jobs Corps, announced Monday that Walker would join the board on Nov. 1.
'Darren Walker is an outstanding example of what it means to lead with purpose in philanthropy,' President Obama said in a statement. 'Darren's work to challenge long-held assumptions, stand up to injustice, and build unlikely partnerships aligns perfectly with the mission of the Obama Foundation. His experience and insight will sharpen our thinking and deepen our impact as we help the next generation of leaders change their world for the better.'
Walker, 65, who has led the Ford Foundation since 2013 and oversaw major investments in gender equity and disability rights, is one of philanthropy's best-known leaders. He has been one of Rolling Stone's '25 People Shaping the Future' and Time's '100 Most Influential People.'
'Joining The Obama Foundation Board feels like coming home to everything I believe about leadership and change,' Walker said in a statement. 'I believe deeply in the power of individuals to change the world, and I'm honored to work with President and Mrs. Obama to help empower and support the next generation of changemakers.'
In addition to his new role at the Obama Foundation, Walker has already been named president of the National Gallery of Art. In September, 'The Idea of America: Reflections on Inequality, Democracy, and the Values We Share,' a collection of his essays, will be published. The Ford Foundation has selected Yale Law School Dean Heather Gerken, a leading expert on constitutional law and democracy, to succeed Darren Walker as its president.
Marty Nesbitt, chairman of the Obama Foundation's board of directors, said Walker will help the nonprofit stick to its mission. 'Darren brings a rare combination of visionary thinking and practical know-how that will strengthen our governance and sharpen our impact,' he said. 'His deep experience leading through complexity and bringing diverse voices to the table will be an invaluable asset as we guide the foundation into its next chapter and open the Obama Presidential Center next year.'
_____
Associated Press coverage of philanthropy and nonprofits receives support through the AP's collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. For all of AP's philanthropy coverage, visit https://apnews.com/hub/philanthropy.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
7 minutes ago
- Yahoo
Purpose Investments Announces Termination of Three Investment Funds
TORONTO, July 25, 2025 (GLOBE NEWSWIRE) -- Purpose Investments Inc. ('Purpose Investments') announced today its decision to terminate StoneCastle Equity Growth Fund and StoneCastle Income Growth Fund (each, a 'StoneCastle Fund' and together, the 'StoneCastle Funds') at the close of business on or about September 29, 2025 (the 'StoneCastle Funds' Termination Date'). Effective immediately, each StoneCastle Fund is closed to new purchases. Purpose Investments also announced its decision to terminate PK Core Fund effective as of the close of business today. PK Core Fund currently has no unitholders and is closed to new purchases. StoneCastle Funds Purpose Investments regularly reviews its fund offerings to ensure each offering is appropriately scaled, cost-effective, and economically viable for investors, while continually enhancing our fund platform to better serve investors. As part of its latest review, a decision was made to terminate the StoneCastle Funds due to their relatively small size, which has made it challenging to manage the StoneCastle Funds efficiently in accordance with their stated investment objectives. Holders of Series A and Series F shares of either StoneCastle Fund (collectively, the 'Shares') will have the option to redeem their Shares at net asset value on or prior to September 24, 2025, at 4:00 p.m. (EDT). No fees or redemption charges will apply. All Shares not redeemed prior to 4:00 p.m. (EDT) on the Termination Date will be automatically redeemed at net asset value, with the proceeds either deposited into the shareholder's account or sent via cheque mailed directly to the shareholder, dealer, nominee, or intermediary, as applicable. If required, a final distribution for each StoneCastle Fund will occur on or about the StoneCastle Funds' Termination Date. Shareholders will be sent a written notice regarding the termination of the StoneCastle Funds. There may be tax implications for shareholders with respect to any disposition of Shares. Shareholders are strongly encouraged to contact their financial advisor to discuss the financial and tax implications associated with a redemption of Shares and the termination of the StoneCastle Funds. About Purpose Investments Purpose Investments is an asset management company with more than $25 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company. For further information, please contact info@ Media Inquiries: Keera Hart 905-580-1257 Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. The prospectus contains important detailed information about the investment fund. Please read the prospectus before investing. There is no assurance that any fund will achieve its investment objective, and its net asset value, yield, and investment return will fluctuate from time to time with market conditions. Investment funds are not guaranteed, their values change frequently, and past performance may not be cautions the reader not to place undue reliance upon any such forward-looking statements contained herein, which speak only as of the date they are made. Generally, but not always, forward-looking information can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'on pace', 'anticipates' or 'does not anticipate', 'believes' and similar expressions or statements that certain actions, events or results 'may', 'could', 'would', 'should', 'might' or 'will' be taken, occur or be achieved. Forward-looking statements are based on information available to management at the time they are made, management's current plans, estimates, assumptions, judgments and expectations. Forward-looking information is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance or achievements of Purpose to be materially different from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: general business, economic, competitive, geopolitical, technological and social uncertainties. Although the forward-looking information contained in this press release is based on assumptions that Purpose believes to be reasonable at the date such statements are made, there can be no assurance that the forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. Purpose does not undertake to update or revise any forward-looking information, except in accordance with applicable securities in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 minutes ago
- Yahoo
CoStar Group, Inc. (CSGP): A Bull Case Theory
We came across a bullish thesis on CoStar Group, Inc. on Andvari's Substack by Douglas Ott. In this article, we will summarize the bulls' thesis on CSGP. CoStar Group, Inc.'s share was trading at $92.96 as of July 24th. CSGP's trailing and forward P/E were 357.54 and 222.22 respectively according to Yahoo Finance. An elegant residential building set against the modern skyline. CoStar Group reported another quarter of strong performance in Q2 2025, marking its 57th consecutive quarter of double-digit revenue growth with sales up 15% year over year and all-time high net new bookings of $93 million. Adjusted EBITDA rose 108% to $85 million, and membership surged 56% sequentially. Despite a slight dip in gross margins from the February addition of Matterport, operational restructuring is underway, including eliminating unprofitable units and expanding its salesforce. remains the centerpiece of CoStar's strategy, with a dedicated and growing sales team driving subscription adoption, improved agent Net Promoter Scores rising from 4 to 38 over three quarters, and marketing investments stabilizing monthly active users. Regulatory and legal pressures on competitors create tailwinds: in the U.S., Zillow faces an antitrust lawsuit from Compass over restrictive listing practices, enabling CoStar to boost profile by offering free advertising to banned listings; and in Australia, REA Group, dominant in the market, faces an antitrust investigation amid steep agent fee hikes, coinciding with CoStar's planned acquisition of challenger portal Domain. Additional uncertainty arises from potential leadership reshuffling within REA and U.S.-based both owned by the Murdoch family, which could further benefit Domain. With targeting an expansion of its salesforce from 230 to 750 by year-end and a stabilizing user base, CoStar appears increasingly well-positioned to challenge entrenched incumbents like Zillow and REA. Supported by operational momentum, strategic acquisitions, and heightened competitive scrutiny, CoStar's residential portals hold growing potential to emerge as true category leaders rather than cash-intensive experiments. Previously we covered a on CoStar Group, Inc. (CSGP) by Douglas Ott in February 2025, which highlighted CoStar's aggressive expansion of its strong financial base, and potential for margin recovery as investments scale. The company's stock price has appreciated about 20% since our coverage. The thesis still stands as execution remains robust. Douglas Ott shares a similar view but emphasizes regulatory tailwinds and operational gains. CoStar Group, Inc. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 51 hedge fund portfolios held CSGP at the end of the first quarter which was 56 in the previous quarter. While we acknowledge the potential of CSGP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. Sign in to access your portfolio
Yahoo
7 minutes ago
- Yahoo
Amberton University Completes Major Overhaul, Revamping 100% of Courses and Expanding Programs
New initiatives include innovative AI integration, career-focused curriculum, and expanded healthcare and business programs. Garland, Texas--(Newsfile Corp. - July 25, 2025) - Amberton University announced today the completion of a comprehensive overhaul, revamping all courses and significantly expanding its program offerings for the 2025-2026 academic year. To view an enhanced version of this graphic, please visit: This initiative includes innovative AI integration, a highly career-focused curriculum, and expanded healthcare and business programs. "All Amberton courses have been completely updated with modern, real-world skills and AI competencies," stated Dr. Carol A. Palmer, President of Amberton University. Established over 50 years ago, Amberton University is renowned for its affordable, flexible education tailored specifically for working adults. Major Curriculum Overhaul Amberton has updated every course offered, clearly defining industry-driven skills across key programs such as project management, finance, clinical mental health counseling, and school counseling. This strategic initiative enhances graduates' career readiness and significantly boosts their practical value to employers. A Leader in AI Literacy Amberton is among the first fully AI-literate campuses nationwide, integrating AI competencies into every course. Business courses emphasize AI-driven strategies, Finance courses incorporate AI-based financial analysis, and Counseling courses explore AI-assisted therapeutic interventions. The newly launched Master of Science in Applied Artificial Intelligence program emphasizes responsible and strategic AI implementation. Students gain practical, hands-on learning experiences through an interactive AI Testing Environment, building tangible portfolios that demonstrate their AI proficiency. New Degree Programs and Certificates Amberton has introduced four critical new degree programs aligned with market demands: Master of Science in Applied Artificial Intelligence Master of Healthcare Administration (MHA) - This program is designed for individuals aiming to excel in executive and managerial positions within the healthcare sector. MBA in Finance - Focusing on fintech, cryptocurrency, blockchain, and advanced financial analytics. Master of Science in Training & Development - Addressing the increasing demand for workforce training and digital education. Additionally, nine practical certificate programs have been added as pathways toward full degrees, tailored to immediate industry needs. Commitment to Affordable, Quality Education Amberton maintains its position as one of the most affordable institutions nationwide, clearly outlining a transparent tuition model on its website. By avoiding unnecessary infrastructure costs, Amberton provides affordability without compromising educational quality. Faculty Voices and Industry Expertise Amberton faculty incorporate professional expertise directly into their instruction: Dr. Don Hebbard, Counseling: "Our students graduate ready to immediately make a difference, both professionally and personally." Dr. Deborah Hill, Human Development: "We're providing education that's immediately relevant to the workforce, not just theory." Dr. Ron Norris, Healthcare Administration: "Amberton's new healthcare program fills a critical need for qualified leaders in a rapidly growing healthcare sector." Dr. John Sinclair, AI Program Coordinator: "Amberton's AI curriculum uniquely positions graduates to become ethical, innovative leaders in AI implementation." Dr. Ken Johnson, Clinical Mental Health: "We remain highly responsive to student needs, continuously improving our counseling program to reflect current mental health practices." Student Success and Outcomes "This major overhaul is not just an update. It's Amberton's commitment to preparing our students for success in a rapidly changing world," stated Dr. Palmer. "Our students deserve an education that makes practical sense, and that's exactly what Amberton delivers." Interested students and professionals can apply easily and at no cost via the university's streamlined admission portal. Contact: Dr. Carol Anne PalmerUniversity Presidentpresident@ University To view the source version of this press release, please visit Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
