Luis Ubiñas

Luis Antonio Ubiñas (born 1963) is an American investor, businessman and nonprofit leader.[1] He served as the president of the Ford Foundation from 2008 through 2013. Prior to joining the Ford Foundation, he had an 18-year career as a senior partner at McKinsey & Company.[2] He is currently on the board of several public and private corporations, including Electronic Arts, where he is Lead Director and chair of the Nominating and Governance Committee, and Boston Private Bank and Tanger. He also serves on the boards of several private companies, including Aura Financial, Ebsco and GFR Media. Last, he is a trustee of the Mercer Funds. In the nonprofit sector, he served as president of the Board of Trustees of the Pan American Development Foundation from 2015 to 2019, serves as an Advisory Committee member for the United Nations Fund for International Partnerships, is Chairman of the Statue of Liberty-Ellis Island Foundation and serves on the Executive Committee of the New York Public Library. He is also active in the arts as a collector, donor and board member.

Luis Ubiñas
Born1963 (age 57–58)
EducationHarvard University
(A.B. & M.B.A.)
OccupationBusinessman and nonprofit advisor
Spouse(s)Deborah Tolman

Early life

Ubiñas grew up in the South Bronx in New York City. His mother, a native of Puerto Rico, was a seamstress.[3] His father died when Ubiñas and his four siblings were young.[4] He is an alumnus of A Better Chance, a non-profit which assists gifted young people of color attend highly-ranked secondary schools.[5] Ubiñas graduated magna cum laude from Harvard University in 1985 with a degree in government. He was a Truman Scholar. In 1989, he graduated from Harvard Business School as a Baker Scholar with highest honors.[6]

Career

Ubiñas spent 18 years at McKinsey & Company as a consultant in the areas of telecommunications, technology and media.[1] He helped found the Media Practice at McKinsey, where as a Senior Partner he led the Practice on the West Coast; his work centered on the introduction and development of the underlying technologies and applications of internet technologies, both wired and wireless. Ubiñas was also president of the Ford Foundation for six years. He is now an investor and entrepreneur.

Ford Foundation

Ubiñas served as president of the Ford Foundation from January 2008 through 2013. During his tenure as president, Ubiñas significantly restructured the organization. The restructuring effort focused the foundation's number of program areas from over 200 to 35, and defined eight major issues, including access to education, economic opportunity and human rights, as its core objectives.[7] Ubiñas increased the Ford Foundation's focus on social justice issues.[1] He also reinvested over 80% of the Foundation's endowment, moving its endowment performance from bottom quartile to top quartile performance among endowments over $3 billion, renovated the network of international offices and modernized the Foundation's systems. During his tenure operating costs fell 33%, while grantee satisfaction rose.

Restructuring during the 2008/9 financial crisis was not without controversy, since, a few months after announcing $22 million in budget cutbacks in spring 2009, Ford announced the closure of field offices in Vietnam and Russia and offered voluntary severance packages to some New York staff to trim an additional $14 million from the budget, despite its earlier mention that no staff cuts would occur. Some employees claimed that only 3% in management were given the severance offer, that Ubiñas "had rejected a proposal that management take a pay cut instead," and that many who were offered the severance were women, single parents and/or from minority groups. A Ford spokesperson noted that, "'29 percent of the staff members receiving the severance offer were African-American. Seven percent of the offers went to managers...,adding that the discrepancy between that number and the figure offered by the critics could have come from different definitions of who is a manager.'"[8]

Pan American Development Foundation

From 2015 to 2019, Ubiñas served as the president of the Board of Trustees of the Pan American Development Foundation, an organization that works with governments, non-profit organizations and corporations to fund and administer development projects in Central and South America and the Caribbean.[9]

Other activities

Ubiñas is Chairman of the Statue of Liberty-Ellis Island Foundation and the New York Public Library, where he is a member of the Executive Committee and Chair of the Finance Committee.[10] He serves as an Advisory Committee Member for the United Nations Fund for International Partnerships which overseas the United Nations' relationships with non-governmental partners, where he is in his fourth term, appointed by two Secretaries General. He has also served on the Advisory Committee for Trade Policy and Negotiation, the Advisory Committee for the Export-Import Bank of the United States, and as Northwest Regional Chair for White House Fellows. He has held top-secret national security clearance.

In the private sector, Ubiñas is a board member of Aura Financial, which provides ethical credit to unbanked communities; GFR Media, the largest media company in Puerto Rico; and EBSCO industries, the leading provider of full text academic content to libraries, universities and private sector entities. He is a Lead Director at Electronic Arts and serves on the Boards of two other public companies: Boston Private Bank, the wealth management firm, and Tanger, the real estate investment trust. He is also a Trustee of the Mercer Funds.

Personal life

His wife, Deborah Tolman, is a developmental psychologist and a leading feminist scholar. They have two sons, Max and Ben.[11]

References
  1. Preston, Caroline (March 6, 2013). "Ford Foundation's President to Depart in September". The Chronicle of Philanthropy. Retrieved 9 December 2015.
  2. Hrywna, Mark (March 5, 2013). "Ubiñas To Leave Ford Foundation In September". The Nonprofit Times. Retrieved 9 December 2015.
  3. "Luis Ubiñas". Hispanic Scholarship Fund. Archived from the original on 5 September 2015. Retrieved 9 December 2015.
  4. Porter Brown, Nell (September 2012). "First-Generation Challenges". Harvard Magazine. Retrieved 9 December 2015.
  5. Meraji, Shereen (June 8, 2013). "Fifty Years Later, 'A Better Chance' Trains Young Scholars". National Public Radio. Retrieved November 2, 2018.
  6. "The Conan We Knew". www.thecrimson.com. Retrieved 2017-10-26.
  7. Strom, Stephanie (April 13, 2009). "New Leader Overhauls Ford Foundation". New York Times. Retrieved 9 December 2015.
  8. Strom, Stephanie (June 20, 2009). "Foundations Trim Staffs After Assets Slide Lower". New York Times. Retrieved 11 August 2020.
  9. "PADF Announces Luis Ubiñas as New Board President". Reuters. Pan American Development Foundation. May 28, 2015. Retrieved 9 December 2015.
  10. "Luis Ubiñas". Huffington Post. Retrieved 9 December 2015.
  11. Alda, Arlene (2015). Just Kids from the Bronx: Telling It the Way It Was: An Oral History. Henry Holt & Company. p. 306. ISBN 9781627790963.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.