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April 28, 2016

Barack Obama Foundation Names Three New Board Members

On April 21, the Barack Obama Foundation announced three new members of the Board of Directors, who will help the foundation plan and build the Obama Presidential Library. Robert Wolf, Michael Sacks, and John Rogers, Jr. have joined the foundation with the goal to promote opportunity, raise young leaders, and change Chicago for the better.

All three men are Chicago residents that have donated large amounts of money to the Foundation. Sacks leads the pack with a donation of $666,000. Rogers, Jr. is listed as donating between $200,000 and $500,000, and Wolf is listed between $100,000 and $250,000.

Robert Wolf is the former President and COO of UBS Investment Bank and Founder and current CEO of 32 Advisors, a cross-border consulting company. Wolf served as a member of President Obama’s Council on Jobs and Competitiveness from 2011 to 2013 and has been on the President’s Export Council since 2013.

Michael Sacks is the Chairman and CEO of the Chicago-based GMC Grosvenor, an investment management firm with over $45 billion in investments. He helped fund the Greater Chatham Initiative, which promotes economic development in five South Side neighborhoods.

John Rogers, Jr. is the founder, chairman, and CEO of Ariel Capital Management, the United States’ largest mutual firm run by a minority, since 1983. He served as a co-chair of the 2009 inauguration committee and board president of the Chicago Park District.

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