"Our hearts go out to Debra's family, and to them we offer the comfort of knowing that she helped enable so many to learn and understand the world a little better."ĪBC15 has also learned that her work extended beyond campus. "We are deeply saddened by the loss of our colleague, Debra Schwartz, who who devoted her career to helping others find the joy of newfound knowledge and creative ability," ASU Executive Vice President and Provost Mark Searle said in a statement. She also taught classes on business writing and reflective essays. Schwartz taught four introductory composition courses on ASU's Tempe campus during the Spring 2016 semester, as she had done for seven other semesters since joining the faculty in 2011, according to a listing on her university page. The Coconino County Medical Examiner's Office will conduct an autopsy to determine how she died. Sunday marked the third day of searching, which involved dozens of search-and-rescue members from Coconino and Yavapai counties and the Arizona Department of Public Safety, along with helicopters, search dogs and teams on horseback. Schwartz's body was found about a half-mile from her Palm Flats campsite, where she had been staying during the middle of last week. "This technical rescue team completed two rope rappels to make their way into the canyon to a spot where they were able to see the body and then a third rappel to actually reach the body," according to Gerry Blair with the Coconino County Sheriff's Office. Officials said a three-member technical rescue team was searching an unnamed slot canyon below the rim of Oak Creek Canyon around 11 a.m. “That's the power of our particular brand of impact investing.Authorities have found the body of missing Arizona State University professor Debra Schwartz near Oak Creek Canyon. “We're essentially the shock absorber in the middle, the missing piece that we call the ‘but for’ money - meaning, but for our piece, they couldn't bring in the rest of the money,” she adds. Treasury Department Community Development Advisory Board and one of the founders of the Mission Investors Exchange. “We can give these institutions a cushion so that when an insurance company or a pension fund wants to invest, that investor can get a market rate of return and have enough risk mitigation,” says Schwartz, who is a past presidential appointee to the U.S. MacArthur invests in these institutions with a long-term horizon, in most cases planning an exit after 10 years. There are about 800 CDFIs in the nation, some of which focus on serving individuals (e.g., by providing payday lending, bank accounts, or affordable housing) and others that focus on small businesses (e.g., by bringing credit to businesses in low-income neighborhoods). Schwartz explains that, in the United States, there is an enormous need for community development financial institutions, or CDFIs. In fact, it’s not allowed under the IRS tax code definition of a Program-Related Investment.” “But if you do the kind of impact investing that I do, you can’t seek a market rate of return. With these investments, “there has to be some expectation of a financial return, whether it’s through a loan, equity investment or guarantee,” she says. MacArthur Foundation.Īt the MacArthur Foundation, Schwartz oversees a $300-million investment portfolio that supports economic development and affordable housing organizations in the United States. That experience set her down a path leading to where Schwartz is today, serving as managing director of impact investing at the John D. Schwartz found her answer in a class taught by Professor Donald Haider, who introduced her to the world of public finance and the ways in which industry and society could intersect for mutual benefit. “I was eager to learn how social-purpose organizations earned, raised and managed their money,” recalls Schwartz, who had worked in the nonprofit sector, mostly in human services, for several years prior to Kellogg. When Debra Schwartz ’88 came to Kellogg in the late 1980s, she had a keen interest in social enterprise - even though that term was somewhat foreign in the broader business community.
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