Bruce R. Evans serves as managing director of Summit Partners, a growth equity, venture capital and credit investment firm headquartered in Boston, which has raised some $16 billion in capital since its inception. Evans focuses primarily on the technology sector and previously worked at IBM. In the past, he's been on the Forbes Midas List. Evans has a mechanical engineering and economics degree from Vanderbilt University, and an MBA from Harvard Business School. Evans' wife Bridgitt is also an Harvard MBA.
It's unclear how much Evans is worth. The couple established the Evans Family Foundation in 2000, but the outfit flies under the radar, has a minimal web presence, and no clear avenues for grantseekers. In a recent fiscal year, the family foundation held some $2.8 million in assets and gave away around $1.5 million.
The couple has shown a big interest in education. Bruce went to Vanderbilt on an engineering scholarship, and both Bruce and Bridgitt went to Harvard Business School with the help of financial aid. According to the most recent available tax records, the Evans foundation gave Vanderbilt a total of $1 million and Harvard Business School $400,000. They've also created an endowed scholarship fund at their undergrad alma maters, Miami University of Ohio and Vanderbilt University, to help students attend Harvard Business School.
Recent education grantees also include Bowdoin College, Boston College, Roxbury Latin School, and Match School Foundation, which supports Match Charter Public School, and the Steppingstone Foundation, which "develops and implements programs that prepare underserved schoolchildren for educational opportunities."
The couple also earmarks funds for arts and culture. Bridgitt is an avid art collector, particularly of contemporary art. She co-founded VIA or Visionary Initiatives in Art, through which she's built a nationwide collective of art patrons who fund arts projects. The Evans foundation has also recently supported the Foundation for Contemporary Arts in New York, and the Isabella Stewart Gardner Museum, a venerable Boston institution.
Apart from education and the arts, the couple supports outfits that work for the Boston community. Recent grantees include Friends of Public Garden, Victory Programs, a "Boston-based multi-service agency providing individualized treatment programs to people recovering from alcohol and drug addiction," and The One Fund Boston, an outfit established after the Boston Marathon bombings of 2013.
Evans is still in his 50s and still very much engaged in business but this is a couple to watch for greater giving down the line.
Related: Bruce R. Evans