Timothy Ubben was a longtime Chicago investment management executive who helped form the Posse Foundation of Chicago, a program that seeks to bring low-income, urban youth to top colleges and universities.
Ubben earned an MBA in 1959 from Northwestern University’s Kellogg School of Management and then served in the Army for six months of active duty, his family said. “What I really learned from Tim was the whole area of philanthropy. He had this speech about giving while living and the importance of seeing the fruits of targeted philanthropy,” said Coquillette, who graduated from DePauw in 1982. “He’d say, ‘I can’t give money to all the needy causes out there.’ So he would choose four or five and become very impactful.
Ron Schutz, a friend and former fellow Posse board member, said that Ubben formed the Posse Foundation of Chicago by approaching 10 close friends and leaning on them to help create enough early funding.
As Gentlemen like this leave the scene in Chicago and are replaced by the likes of Foxx and Lightfoot, it’s easy to see a ‘Detroit’ future for this City.
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