Re: CHAI fund and advisory board

From:doug@presidentclinton.com To: adesai@clintonfoundation.org, blindsey@clintonfoundation.org, lgraham@clintonfoundation.org, Justin@presidentclinton.com, dcheng@clintonfoundation.org, john.podesta@gmail.com Date: 2012-04-27 23:21 Subject: Re: CHAI fund and advisory board

Great stuff It would be hard to imagine a worse idea than ira magaziner running an investment fund of any kind not to mention one under this scenario Good luck with this You probably already are aware but just to be sure: yesterday in the CHAI board meeting, Ira discussed the formation of an advisory board for CHAI – he said he is targeting 10 people to each give $500k per year for 3 years. He mentioned the names below. He also said he is looking to do a series of dinners on the west coast, east coast, and overseas to raise money for a CHAI Innovation Fund that would “invest” in projects / businesses that CHAI deems worthy. He said the first dinner is on west coast with 30 people and hosted by Christian Anthony who he said he found via the Brown University alumni network. Given the enormous range of things that Ira is proposing the Fund be empowered to invest in, it occurred to me that IF the organization is comfortable with the creation of such a Fund bearing WJC’s name (via CHAI), then why not have CF do it, so that CF can decide whether to invest in CHAI projects or also in other things like a farm in Africa, etc – and also to give WJC better control of it? The proposed CHAI Innovation Fund seems poised to go well beyond what we would consider to be the core traditional work of CHAI on HIV/AIDS, malaria, etc (at least based on the investment examples in the documents Ira provided) and I therefore just wondered why we’d cede this to CHAI to do/control. It’s probably safe to assume that any Fund that bears WJC’s name will attract “investors” or donors or whatever we call them. Maybe I am over-thinking this, but just wanted to brainstorm aloud and I’m happy to drop this if it’s not worth discussing further. Thanks, Ami NAMES IRA MENTIONED FOR CHAI ADVISORY BOARD (I probably am misspelling these): - Craig Colgate at Pegasus Capital (Ira found via Brown U) - Bob Selander (former CEO of Mastercard) - Tood Fisher, Chief Admin Officer at KKR (also via Brown U) - Bill Shuster at Evercore - Bob Mancini, CEO of Cogentics (formerly at Goldman) - Jeff Kushner from Blue Mountain Capital in the UK