SOURCE: Ewing Marion Kauffman Foundation

Ewing Marion Kauffman Foundation

September 22, 2010 11:27 ET

Kauffman Foundation Elects Frank L. Douglas, Ph.D., M.D., and Michael Stolper to Board of Trustees

KANSAS CITY, MO--(Marketwire - September 22, 2010) -  The Ewing Marion Kauffman Foundation today announced the appointment of Frank L. Douglas, Ph.D., M.D., and Michael Stolper to its Board of Trustees. Both Douglas and Stolper have a long history of working with the Kauffman Foundation and come to the Board of Trustees with a full understanding of the Foundation's vision and mission, based on Ewing Kauffman's intent. Douglas and Stolper also bring valuable industry and financial expertise to their role as Trustees.

"Having been involved with the Kauffman Foundation for many years, Frank Douglas and Michael Stolper will make outstanding contributions to our Board," said Thomas A. McDonnell, chairman of the Kauffman Board of Trustees. "Both bring a distinctive dedication to lead the Kauffman Foundation in its mission to grow economies and expand human welfare through the advancement of entrepreneurship and education."

Douglas, who previously served as a senior fellow for the Kauffman Foundation, is a highly respected industry veteran, with more than 24 years of experience in health care, pharmaceutical research, and biotechnology. He is president and CEO of the Austen BioInnovation Institute in Akron, a best-in-class model for the future of health care delivery and innovation. Previously, Douglas was a senior partner of Puretech Ventures and chief scientific advisor of Bayer Healthcare, AG. He is a founder and former executive director of Massachusetts Institute of Technology's Center of Biomedical Innovation. Earlier in his career, Douglas worked for Ewing Kauffman's company, Marion Laboratories.

He has received more than fifteen industry awards, including the Global Pharmaceutical Chief Scientific Officer of the Year Award, the Wolfgang von Goethe Medal of Honor, and the Associated Black Charities' Black History Makers Award. After graduating cum laude from Lehigh University, Douglas attended Cornell University where he earned his Ph.D. in physical chemistry and his M.D. He completed his internship and residency in internal medicine at The Johns Hopkins Medical Institutions and a fellowship in neuroendocrinology at the National Institutes of Health.

Stolper has been a financial and investment advisor to the Kauffman Foundation for many years. He is the founder and president of Stolper & Company, a San Diego-based consulting and investment advisory firm that has a long history of advising private foundations and other endowment clients. Stolper has been involved with the Kauffman Foundation's Investment Committee since its formation in 1995. He worked closely with staff and other committee members to formulate durable investment policy and operating protocols. He also has been closely involved in the organizational evolution of the Foundation's investment process, while broadening his interest to the grant-making process.

Stolper was the founder and president of Seaport Ventures, a venture capital firm structured as an S.B.I.C. He also was involved as a principal in the start up of three unrelated mutual fund management companies. In addition, Stolper has served on a number of boards, including Aster Capital Management and Meridian Funds Kane Miller Publishing, BDI Investment Company, ASMG Outpatient Surgical Centers, Pasadena Capital and Pasadena Mutual Funds, Janus Capital Corporation and Hi-Port Industries. Stolper also authored the book, "Wealth, An Owner's Manual," published by HarperCollins in 1992. He has a B.A. in Marketing and Finance and an M.A. in Finance, both from the University of Oklahoma.

About the Kauffman Foundation
The Ewing Marion Kauffman Foundation is a private nonpartisan foundation that works to harness the power of entrepreneurship and innovation to grow economies and improve human welfare. Through its research and other initiatives, the Kauffman Foundation aims to open young people's eyes to the possibility of entrepreneurship, promote entrepreneurship education, raise awareness of entrepreneurship-friendly policies, and find alternative pathways for the commercialization of new knowledge and technologies. In addition, the Foundation focuses on initiatives in the Kansas City region to advance students' math and science skills, and improve the educational achievement of urban students, including the Ewing Marion Kauffman School, a college preparatory charter school for middle and high school students set to open in 2011. Founded by late entrepreneur and philanthropist Ewing Marion Kauffman, the Foundation is based in Kansas City, Mo. and has approximately $2 billion in assets. For more information, visit, and follow the Foundation on and

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