NET WORTH: Unknown
SOURCE OF WEALTH: Gateway
FUNDING AREAS: Violence Prevention, Environment, and Scientific Research
OVERVIEW: Ted Waitt founded the Waitt Foundation, through which he has supported causes like violence prevention, the protection and restoration of oceans, and scientific innovation and discovery. He emphasizes awareness through the creation of films, educational materials, and other campaigns. Waitt's priorities include influencing policy and developing technology to improve imaging and mapping for both biological and oceanic studies.
BACKGROUND: Ted Waitt started Gateway in 1985 out of his father's cattle ranch in Iowa with a $10,000 grant secured by his grandmother. A pioneer in the direct marketing of personal computers, Waitt eventually built Gateway into a multi-billion-dollar company.
VIOLENCE PREVENTION: When Waitt's company became a household name in the early 1990s, one of his first impulses was to give back to the community where he grew up. The result was the formation of the Waitt Foundation, whose initial mission was to promote positive changes in at-risk communities in and around Sioux City, Iowa. After determining that his foundation's work on domestic violence issues was having the greatest measurable impact, he decided to concentrate in that area. This decision eventually led to the creation of the Waitt Institute for Violence Prevention, The organization has extended its work well beyond the Sioux City region to partner with organizations such as the Ad Council and the Family Violence Prevention Fund on its Founding Fathers campaign and the program Coaching Boys into Men. The Waitt Institute also funded the creation of two films that deal with domestic violence: the award-winning Bully, which was released in 2011 and has created a national debate around the issue, and Private Violence, which was released in 2014. The institute is committed to breaking the cycle of violence in our homes, schools and communities at a local and national level.
ENVIRONMENT: After creating a separate institute to focus solely on violence prevention, Waitt shifted the main focus of his foundation to raising global awareness about declining marine resources and funding initiatives focused on scientific research, protection, and policy change. The foundation backs organizations like Pew, Oceana and Conservation International. The foundation and the Waitt Institute work with policymakers and stakeholders to facilitate the creation of protected marine areas, improve the management of fisheries, and foster sustainable practices and policies. In addition, Waitt has funded major exploration initiatives to map seabeds, and conduct what the Waitt Institute describes as "arguably the most technologically advanced scientific expedition the Titanic ever organized." In 2009, he also launched the Earhart Expedition to find Amelia Earhart's plane. While these last two projects may be considered by some a waste of philanthropic dollars that might be better spent elsewhere, they are the kinds of projects that can spark the imagination and serve as a catalyst to raise awareness and spur technological innovation.
SCIENTIFIC RESEARCH: Waitt was vice chair of the Salk Institute for Biological Studies. He has contributed more than $20 million to the organization, most of which has gone to create the Waitt Advanced Biophotonics Center. The goal of the center is to develop next-generation imaging and visualization tools that will enable investigators from across many biological disciplines to take advantage of the latest imaging technology. The center's research stands to serve as a foundation for scientific advancement in many areas, including research into aging, cancer, neuroscience, metabolism, vision, infectious diseases, genetic disorders, and forensic science. The research may be applied to other areas of scientific inquiry, as well.
LOOKING FORWARD: When it comes to scientific research and ocean conservation, Waitt is really just getting started, so look for his future philanthropy to build on the results of the initiatives he currently supports. In ocean conservation, look for the support of smaller-scale projects and awareness initiatives that seek to replicate his success in violence prevention.