Archives for April 8, 2024

Investing in Students

Trustee Creates Unique Investing Program for UNL Students

By Robyn Murray

Douglas Waggoner grew up in Gothenburg, a town of 3,500 people in central Nebraska. Today, after a highly successful Wall Street career, he still feels connected to Nebraska.

Waggoner, a University of Nebraska-Lincoln alumnus who serves as a University of Nebraska Foundation Trustee and on the foundation’s Investment Committee, comes back to Nebraska as often as he can. Mostly, he returns to check on his students  — business majors in the Investors With Purpose program, which Waggoner created in partnership with Kathy Farrell, Ph.D., James Jr. and Susan Stuart Endowed Dean of the UNL College of Business, in 2020.

“I’m trying to give them opportunities and experiences that can be used certainly here in Nebraska but around the world as well,” Waggoner said. “I believe in mentorship and the benefits it can provide to students. And perhaps, I can help provide that guidance to a few students.”

I believe in mentorship and the benefits it can provide to students. And perhaps, I can help provide that guidance to a few students.

The Investors With Purpose program is a wealth management course that brings together high-achieving students with global investment professionals for a unique learning experience. Directed by Richard DeFusco, Ph.D., CFA, a professor of finance and department chair in the college, the program has four goals: to educate students about wealth management and finance; to connect them with industry mentors; to provide paid internship experience; and to form a community of like-minded students who can support each other throughout their careers.

“I think those connections are probably the most important part of the course,” DeFusco said. “I’ve had students write letters to me and to Doug about how the opportunities that they’ve had here in class have been life-changing.”

Waggoner, who worked for Ford Motor Co. and Rockwell International and spent 25 years as a senior leader at BlackRock, draws from his connections to bring experts to class and create internships, which are funded by the Douglas and Karin Waggoner Family Foundation.

Lydia Hoffman, a junior with a double major in finance and Clifton Builders management, spent nine hours a week during the fall semester interning at the Nebraska Investment Council with the support of the Waggoner Foundation. She said the experience brought together her love of government and finance.

“The state’s funds exceed $40 million, and going into work every day and buying millions of dollars’ worth of bonds is not something every college junior gets to experience,” she said. “I really enjoyed it.”

Waggoner hopes experiences like that will provide students with a leg up in the finance industry or any other business field they choose. He also believes the program helps to elevate the College of Business and draw more students in.

“I think as this program grows, students will be attracted to the University of Nebraska because of this program,” he said. “It’s something quite unique, which helps build recognition for the college.”

‘Public Health, It’s Everything’

Trustee is a Passionate Advocate for the College of Public Health

By Robyn Murray

Katie Weitz holds up a board of colorful graphics. It shows a farm, a neighborhood, a bus line and a hospital, each connected by small arrows. The board is an illustration of the many areas of life that encompass public health. It was created by the University of Nebraska Medical Center’s College of Public Health, for which Weitz is a passionate advocate.

“The College of Public Health, it’s everything,” Weitz said. “It’s how to make the world a better place.”

A University of Nebraska Foundation Trustee, Weitz serves as chair of the Only in Nebraska campaign committee for the College of Public Health, and she uses the illustration to explain to people what public health means. It can be difficult to describe. The American Public Health Association says, “Public health promotes and protects the health of all people and their communities.” A few examples it lists are tracking disease outbreaks and vaccinating communities; addressing the impact of climate change on our health; developing worker safety standards; and working to prevent gun violence.

“The College of Public Health is taking on all the system issues,” Weitz said. “I think public health is the study of the interplay between the systems and the individuals. I really love the spectrum of perspectives that it brings.”

Since becoming a campaign volunteer, Weitz has worked to educate and engage people about public health. She said her goal is to broaden the base of support for the college, which has existed only since 2006 and whose graduates typically earn less than those from other UNMC colleges.

“If I had to group [public health students and faculty] into a category, I’d say these are the change-makers,” Weitz said. “These are people who are making a global difference and a local difference on the individual and social level.”

“If I had to group [public health students and faculty] into a category, I’d say these are the change-makers. These are people who are making a global difference and a local difference on the individual and social level.”

In her role for the campaign, Weitz has thought of fundraising in broader terms — not just about raising money  — and has come up with innovative ways to increase engagement. Not only has she made generous gifts supporting the college and the Trustees Fund for the Future, but she also has connected the foundation with people interested in public health and hosted several events, including film screenings, panel discussions, postcard writing activities, focus groups and even a murder-mystery-style fundraiser, where guests solved clues to find the source of an infectious disease outbreak. The events brought together nonprofit leaders, policymakers and faculty members from the college.

“Having people interested and engaged with the university is just as important as how much money they can give to the campaign or to the college,” Weitz said. “We’re never going to solve these problems with private money. So, their social capital is important  — how they vote, who they talk to, it really matters.”

Weitz serves as president of the Weitz Family Foundation, and her passion for education and volunteerism is rooted in her family. Her parents, Barbara and Wally Weitz, have made transformational gifts to the university, and Barbara Weitz currently serves as a University of Nebraska regent.

“The idea of tithing was a big deal in our family early on,” Katie Weitz said, “not just that 10% of your allowance should go in the little church envelopes, but also service. I was writing letters in protest of injustice in first grade. It was just part of how we talked and what we talked about.”

Weitz, who has two master’s degrees and a doctorate in human development and social policy, began her career as a teacher. Today, she said she is inspired in her philanthropic work by the people on the ground.

“The teachers inspire me; the people who are starting nonprofits or working in nonprofits; the academics,” she said. “They’re so passionate about the work they do. It’s contagious. I think I get energy and hope and find myself committing to things because of the individuals who are doing the work.”

While Weitz has hosted numerous events of various sizes, she encourages trustees looking to advocate for the university to start small.

“Start with your friends,” she said. “Just gathering a few people and a faculty member together, talking about an issue is fabulous. It’s the little mind shifts that happen when you meet new people and learn new things.”

Weitz said education is critical for a thriving democracy, and she encourages other trustees to use their social networks to communicate and advocate for the important work being done at the university.

“Our dollars can go a lot further if we’re able to use these informal networks of messaging, bringing people in and helping them understand the issues,” she said. “I’m sure trustees who have relationships and colleges where their passions are could find those same kinds of passion points. Having more of the community connected to the university benefits the university, our state and democracy.”