the
Strategic philanthropy empowers leaders
HARVARD
100 by JESSIE AMMONS RUMBLEY
98 | WALTER
Brian Briggs (CHUCK); Madeline Gray (GROUP)
GIVERS
C
huck ReCorr has spent almost five decades crunching numbers to maximize outcomes: He leads a team of wealth managers at Bank of America Merrill Lynch who oversee investments for high-net-worth clients. Meanwhile, since 2011, ReCorr has also quietly been investing in Raleigh’s nonprofit community: This month, he will have sent 100 nonprofit leaders and board members to social enterprise courses at Harvard Business School. “The premise is that we need to reward human capital,” ReCorr says. “I can give you $5,000 and it will, say, send 10 kids to camp. Or I can send your executive director to Harvard and they will figure out how to send 50 kids to camp, or 100 kids, or 200 kids. What I’m hoping to emphasize through
