February 15th, 2012
During the 4th Quarter of 2011, some 6,200 executives
of US public companies sold an astounding $5.2
billion in stock, according to a recent Donor
Watch report. The list of wealthy individuals
includes many renowned philanthropists, such as
Bill Gates and Sergey Brin, as well as many lesser
known millionaires who are often more discreet
about their wealth and their philanthropy efforts.
Timing can be everything for non-profits seeking
major gifts, so identifying prospects who have
recently come across large amounts of cash can
be critical to a gift officer's targeting efforts.
A newcomer to Donor Watch's list is
Linkedin.com's Jeff Weiner. He took his company
public in early 2011 and then rewarded himself
last quarter by selling off some $25.7 million
in stock. Weiner is a graduate of UPENN's Wharton
School of Business and also serves as a Director
of the non-profit Malaria No More.
|
|
Some of Weiner's top Linkedin lieutenants who
have also recently sold millions include SVP of
Sales Mike Gamson (BA from Amherst College), SVP
of Operations David Henke (BA from University
of California, Santa Barbara), General Counsel
Erika Rottenberg (BS from SUNY College at Geneseo
/ JD from University of California, Berkley),
among others. The success of Linkedin.com's IPO
has definitely encouraged a fleet of other tech
start-ups to take the IPO plunge, creating a steady
stream of newly minted millionaires who are all
now being tracked by Donor Watch.
One of the top cash-raisers
on the list is the CEO of Cisco Systems John T.
Chambers, who raised more than $13 million in
cash during the quarter. Mr. Chambers, who also
has an annual salary of $12.8 million, received
both a BA and JD from West Virginia University.
He also received a Masters of Business Administration
degree from Indiana University.
Another notable CEO on the list is Stephen J.
Hemsley, who runs UnitedHealth Group (UNH) in
Minnesota. Hemsley raised nearly $32 million by
selling UNH's stock over the quarter. He is a
graduate of Fordham University and also serves
on the Board of Trustees of the University of
St. Thomas.
The schools with most alumni on the list include
the University of Michigan, Syracuse University,
Harvard, Princeton, Yale, Cornell University,
University of California, Berkeley, University
of Texas, Georgetown University and University
of Illinois. Some of the more notable smaller
schools with impressive representation on the
top prospect list include Lehigh University, Wayne
State University, Washington and Lee University,
Smith College, University of Scranton and Ball
State University.
Donor Watch provides its powerful software
platform and real-time analyses to the development
offices and prospect research teams at leading
colleges, universities and non-profits. Donor
Watch's unique and robust set of research tools
empower fund raisers and prospect researchers
to manage their relationships with top and high
potential donors. For more information about
Donor Watch and its top donor prospect targeting
reports, please visit Donor
Watch's Website or
sign-up for a free trial.
|