CalBusiness


Spring/Summer 2008

In Brief

$1 Million Launch Social Investments 

The Haas School's new socially responsible investment fund started trading in May, thanks to a $1 million donation from Haas alumnus Al Johnson, BS 62, MBA 69, and his wife, Marguerite.


"The Haas Socially Responsible Investment Fund struck me as a very interesting approach to investing because it's not just about the bottom line," says Johnson, a general partner with WTI Ventures in Menlo Park, Calif. "The fund also looks at companies' social responsibility in addition to financial characteristics. In many respects, the fund combines Marguerite's passion for social welfare and my passion for business."


The Johnsons' gift comes on top of $250,000 received last September from Haas School alumnus Charlie Michaels, BS 78, and his wife, Doris, to seed the HSRI fund. The fund is the first student-run, socially responsible fund at a leading business school.


Al Johnson is a former member of the Business School Campaign Executive Committee and is currently a trustee on the UCB Foundation. Marguerite Johnson earned a bachelor's degree in social welfare at Berkeley in 1960 and is a longtime member of the School of Social Welfare Community Partnership Board.


 

 

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Al Johnson, BS 62, MBA 69, and his wife, Marguerite

Al Johnson, BS 62, MBA 69, and his wife, Marguerite, donated $1 million to enable the new Haas Socially Responsible Investment Fund to begin trading