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The Importance of Making Returns for Limited Partners
Frida Ghitis co-founded a scholarship fund at UC Berkeley called Ideal or the Initiative for Diversity in Education and Leadership. It was a response to Prop 209, a ballot initiative that killed affirmative action in California public institutions. The Ideal Scholars Fund was meant to close gaps in access that Prop 209 had widened. A light bulb turned on when Frida saw how philanthropic work and early stage investing could coalesce making both efforts more effective.