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Presented by the ASU Foundation For A New American University
The Philanthropist of the Year Award celebrates those whose generosity and philanthropic leadership further Arizona State University’s mission. Those recognized by this honor are exemplars of how individual giving can have a meaningful impact on people’s lives and social issues. The ASU Alumni Association is proud to partner with the ASU Foundation to honor those who contribute to the success of Campaign ASU 2020, a comprehensive university-wide fundraising initiative that is fueling ASU’s commitment to positively impact our communities and shape the future of higher education.
Mr. Jack D. Furst ‘81 B.S.
Founder, Oak Stream Investors
Mr. Furst is being honored as the 2017 Founder’s Day Philanthropist of the Year for his vision, leadership and philanthropy at Arizona State University. Due to his noteworthy and strategic involvement as a lead donor in the Sun Devil Stadium reinvention project, ASU has raised more than $80 million toward that effort. In addition to enlisting others to support the project, Mr. Furst has contributed significantly to fulfill his passion and commitment to the role of athletics in higher education.
Mr. Furst is a distinguished private equity investor, with more than 30 years of investment experience. He graduated from ASU in 1981 with a bachelor’s degree in finance from the W. P. Carey School of Business. As an ASU student Mr. Furst was president of the Theta Delta Chi fraternity and a participant of the Devils’ Advocates program.
He began his career as a financial consultant at Price Waterhouse in Phoenix. After receiving his MBA from the University of Texas at Austin in 1984, he went to Wall Street to work for the First Boston Corp. as an associate in the corporate finance and merger groups. He returned home to Dallas in 1987 to join the leverage buyout firm of Hicks & Haas Inc., becoming a vice president and subsequently a partner with the firm. In 1989, Mr. Furst became one of the founding partners of Hicks, Muse, Tate & Furst Incorporated, which specialized in making private equity investments in companies serving the energy, financial services, food, manufacturing and media sectors.
Currently, Mr. Furst is the founder and CEO of Oak Stream Investors, which was launched in 2008. The office manages Mr. Furst’s investments in real estate, oil and gas, fixed income securities, venture and public and private equities. He serves as an adjunct professor at the University of North Texas and at the University of Texas at Dallas, where he teaches finance and investment-related courses.
Mr. Furst serves on the board of directors for several companies, as well as serving as an executive board member of the Boy Scouts of America. He is a 1998 Henry Crown Fellow, a fellowship of leaders that is administered by the Aspen Institute. He was inducted into W. P. Carey School of Business Hall of Fame in 1999 and received the W. P. Carey School of Business 2008 Distinguished Alumni Achievement Award.
In addition to his commitment to the reinvention of Sun Devil Stadium into a multi-purpose/mixed-use facility, he endowed the Jack D. Furst Professor of Finance in 2003, and sponsored the Furst Honors Scholarship for an undergraduate honors student completing a thesis in private equity financing.