NET WORTH: Unknown
SOURCE OF WEALTH: Indaba Capital Management
FUNDING AREAS: Leadership Development, Academic & Research Institutions, Education Equity, Strengthening Democracy
OVERVIEW: Derek Schrier and Cecily Cameron move their philanthropy through the Cameron Schrier Foundation, which supports nonprofits primarily in the United States and South Africa. Promoting education equity and developing young leaders are among this charity’s goals.
BACKGROUND: Derek Schrier holds an A.B. from Princeton, as well as a J.D. and MBA from Stanford. He worked in M&A at Goldman Sachs before going on to make partner at Farallon Capital Management. Schrier founded Indaba Capital Management in 2010.
CAMERON SCHRIER FOUNDATION: Derek Schrier and Cecily Cameron founded the Cameron Schrier Foundation last decade. The foundation targets the United States as well as South Africa. Schrier has ties to South Africa, rooted in his work there with the anti-apartheid movement during the 1990s. He eventually managed elections research for the ANC’s political campaign during the country’s first-ever democratic elections.
The Cameron Schrier Foundation and the Cameron Schrier Fund support nonprofits in the U.S. and globally that serve individuals, institutions, and communities in need. The foundation and fund focus their work on four areas: “developing future leaders, supporting academic and research institutions, encouraging education equity, and strengthening democracy and civil society.”
Grantmaking has steadily risen at the foundation, reaching nearly $2 million in a recent year. Historically, close to 50 percent of the foundation’s grants have been made in the U.S., while about 30 percent go to Africa. Grantees have included Boston Review, Caliber Schools, Coaching Corps, Equal Education Law Centre, Global AIDS Interfaith Alliance, Gateway Public Schools, Princeton in Africa, and University of Witwatersrand in Johannesburg, where the couple recently gave a $1 million gift to endow a new chair in development economics.
Cecily is a member of the NewSchools Leadership Council. Schrier’s board memberships, meanwhile, include Matriculate and Boston Review. The foundation has a website but states that it does not accept unsolicited proposals.
LOOKING FORWARD: Though Schrier is still very much engaged in business, expect plenty of more money to move out of the family’s charity in the coming years.