The Loyola High School Foundation is very pleased to announce it has received a $1 million dollar donation from Timothy Barakett '82.
Having enjoyed the benefit of a Loyola education, Tim wanted to give back so that others who might not otherwise have the opportunity to do so, would be able to attend Loyola. Tim and his wife Michele, through their family foundation, have established the Barakett Family Endowed Bursary to help fund Loyola's financial aid program. Beginning this coming year, a number of bursaries will be granted annually in perpetuity thanks to their gift.
Tim attended Loyola in the early '80s, as did his brothers, Brett and Peter. Tim was very active throughout his five years at Loyola serving as a member of the Maroon and White Honours Society, the Student Council and the Carnival Committee as well as participating on the midget soccer team and the juvenile hockey team.
After completing his high school studies, Tim earned a B.A. in Economics at Harvard and later an M.B.A. from the Harvard Business School. A star hockey player in college, Tim was drafted by the NHL’s New Jersey Devils, and played professionally for EV Zug in the Swiss National League, and was a member of Team Canada when it won the Spengler Cup in Davos, Switzerland, in 1989.
From 1995 until 2010, Tim was the Founder, Chairman and CEO of Atticus Capital LP, a global investment management firm that generated over $7 billion in profits for its investors. Tim is currently the Chairman of TRB Advisors LP, a private investment firm formed to manage his family’s capital. He is also the Co-Founder and Non-Executive Chairman of Stabilis Capital Management, Co-Founder and a member of the Board of Directors of GreyCastle Holdings Ltd, and a member of the Executive Committee and Board of Directors of Castleton Commodities International.
In addition to his busy professional life, Tim gives back through his work as the Co-Chairman of The Harvard Campaign for Arts and Sciences, the Co-Chairman for Financial Aid of The Harvard Campaign for Arts and Sciences, and is a member of the Harvard University Capital Campaign Executive Committee. Tim is a trustee of The Dalton School in New York City and is an honorary trustee of the New York Public Library, where he formerly served as a trustee. He was previously a trustee of The Mount Sinai Hospital and Continuum Health Partners.
We are immensely grateful for this most generous donation from the Timothy and Michele Barakett Foundation, and the difference it will make for so many families in our community. With 1 in 6 students at Loyola requiring financial aid to cover tuition and fees, leadership gifts like this go a long way to keeping our doors open to students from all economic backgrounds.