Shirley Wang

Last updated

Shirley Wang
NationalityAmerican
Education University of California at Los Angeles (BA)
Columbia University (MBA)
Occupation(s)Account executive, businesswoman, philanthropist
Known forThe Walter and Shirley Wang Foundation, Plastpro, Inc.
Spouse Walter Wang
Children3
Relatives Wang Yung-ching (father-in-law)

Shirley Wang is an American businesswoman and philanthropist. She is the co-founder of The Walter and Shirley Wang Foundation, a philanthropic organization. She is also the founder and CEO of Plastpro, Inc., a leading fiberglass door manufacturer founded in Los Angeles in 1994.

Contents

Early life and education

Wang earned her Bachelor of Arts degree in communications and international business at the University of California, Los Angeles, in 1990 and earned her M.B.A. at Columbia Business School in 1993. From 1990 to 1991, Wang worked as an account executive for J. Walter Thompson Advertising, where she managed client accounts including Borden Foods and Chivas Regal. [1] She then worked as an account executive for Citigroup from 1993 to 1994.

Business career

In 1994, Wang founded Plastpro, Inc., a millwork products importer, manufacturer, and distributor that specializes in fiberglass doors. [2]

In 2005, Plastpro, Inc. opened the world's first fully automated millwork manufacturing facility, a 300,000-square-foot factory in Ashtabula, Ohio, in the United States. [3] [4] [5] The plant can produce up to one million finished doors per year. [6]

Philanthropy

In July 2016, Wang was appointed the first Asian-American woman to chair the UCLA Foundation Board, and has served on the UCLA Board of Directors since 2008. [7] [8] [9] She is likewise a member of the executive committee for the Centennial Campaign for UCLA, a UCLA Foundation board that raises money for student scholarships and fellowships, which raised $5.49 billion and counting. [10] [11] Wang has served on numerous other boards including the Boards of Directors of both Facing History and Ourselves and the Preferred Bank (PFBC). [12] [13] [14] [15] In 2019, Wang's company, Plastpro, Inc., donated $100,000 toward an endowment at Glenbeigh Hospital for addiction. [16]

Alongside her husband Walter, Wang is co-founder of the Walter and Shirley Wang Foundation. The foundation has supported various philanthropic initiatives in the realms of education, poverty reduction, assistance to domestic violence victims, Asian immigrant welfare, cancer research, and AIDS research and advocacy. [17] The couple are members of the Committee of 100 (C-100). [18] Wang and her husband are trustees of the U.S. Olympic Committee and also serve on the Board of the Los Angeles Olympic Committee 2028. [19]

Shirley and Walter Wang donated to UCLA to establish an endowment to support both students from middle-income families and students studying abroad. [20] At UCLA, the foundation endowed the first academic chair on U.S.-China relations and Chinese American studies in the United States, as well as a chair for Drug Discovery at the university. [21] [22] [23] One of Shirley Wang's first major gifts to UCLA, her alma mater, was an endowment in partnership with the China Institute to send teachers to China. [24] The couple also funded Wang Hall at the Harvard-Westlake School in Los Angeles, providing the lead donation for the renovation of the Harvard Westlake Humanities and Art Building. [25] [26] Wang serves as the chair of the Education Committee and is a member of the Board of Trustees of Harvard-Westlake School. [27]

The Wangs were prominent supporters of the Drug Enforcement Administration Foundation and helped bring the DEA Museum to the California Science Center in Los Angeles to educate the public on illegal drugs and trafficking. [28] The Wangs also established an endowed chair at the Cedar Sinai Medical Center for Pediatric Surgery to fund novel research in pediatric surgery, as well as assist underprivileged children in need of surgery. [29] The Walter and Shirley Wang Foundation donated $250,000 to found an Outward Bound Center for underprivileged youth in New York, New York. [30]

In the wake of the COVID-19 global pandemic, Plastpro, Inc. and JM Eagle donated surgical masks to Ohio facilities local to the Plastpro, Inc. factory. [31] [32] [33] The Wangs donated $1 million to the Mayor's Fund of Los Angeles, as well as supplies for the creation of face shields for use at Cedars Sinai Medical Center and the Innovation Lab at UCLA. [34]

In October 2020, Wang was elected to her alma mater Columbia University's board of trustees. Wang also sits on the college's Parent Leadership Council. [35]

In March 2022, Wang and her husband donated $10 million to Columbia to enhance undergraduate social life in John Jay Hall, Wallach Hall, and Alfred Lerner Hall. [36] She also donated $1 million to fund a passageway linking the two new buildings on Columbia Business School's new campus in Manhattanville. [36]

In 2022, as sponsors, the Wangs heavily contributed to the doubling of the LPGA's LA Championship purse, which now sits at $3 million. [37]

See also

Related Research Articles

<span class="mw-page-title-main">Richard C. Blum</span> American investor (1935–2022)

Richard Charles Blum was an American investor and the husband of United States Senator Dianne Feinstein. He was the chairman and president of Blum Capital, an equity investment management firm. Blum was on the boards of directors of several companies, including CB Richard Ellis, where until May 2009 he served as the chairman of that board. He was a regent of the University of California from 2002 until his death.

<span class="mw-page-title-main">Financial endowment</span> Legal structure for managing investments

A financial endowment is a legal structure for managing, and in many cases indefinitely perpetuating, a pool of financial, real estate, or other investments for a specific purpose according to the will of its founders and donors. Endowments are often structured so that the inflation-adjusted principal or "corpus" value is kept intact, while a portion of the fund can be spent each year, utilizing a prudent spending policy.

<span class="mw-page-title-main">Eli Broad</span> American businessperson and philanthropist (1933–2021)

Eli Broad was an American businessman and philanthropist. In June 2019, Forbes ranked him as the 233rd-wealthiest person in the world and the 78th-wealthiest in the United States, with an estimated net worth of $6.7 billion. He was known for his philanthropic commitment to transforming public K–12 education to a charter school model, scientific and medical research, and the visual and performing arts.

<span class="mw-page-title-main">Gerry Lenfest</span> American lawyer

Harold FitzGerald "Gerry" Lenfest was an American lawyer, media executive, and philanthropist. Lenfest, along with his wife Marguerite, were among the most prominent Philadelphia-based philanthropists in his last two decades, donating more than $1.3 billion to 1,100 groups, supporting various educational, artistic, journalistic, and healthcare causes.

<span class="mw-page-title-main">Fowler Museum at UCLA</span> American art museum in California

The Fowler Museum at UCLA is a museum on the campus of the University of California, Los Angeles (UCLA) which explores art and material culture primarily from Africa, Asia and the Pacific, and the Americas, past and present.

<span class="mw-page-title-main">Min Zhou</span> American sociologist

Min Zhou is a Chinese-born American sociologist. In 2023, she was elected to the National Academy of Sciences.

Mark E. Kingdon is a hedge fund manager and president of Kingdon Capital Management, a US investment management company with ~$623 million in assets under management.

Ronald N. Tutor is an American businessman. He is chairman and chief executive officer (CEO) of Tutor Perini, and president of the Tutor-Saliba Corporation.

Arnold William Klein was an American dermatologist.

Robert D. Beyer is an American investor and executive. He is currently Chairman of Chaparal Investments LLC, a private investment firm and diversified holding company with interests in both financial and operating assets. Previously, he was Executive Chairman of Crescent Acquisition Corp, a publicly traded blank check company that merged with LiveVox Holdings, Inc. in 2021. He was Chief Executive Officer and a director of TCW Group from 2005 until 2009, a diversified investment management firm with assets in excess of $150 billion; he previously served as president and Chief Investment Officer from 2000 until 2005.

<span class="mw-page-title-main">Wallis Annenberg</span> American philanthropist and heiress (born 1939)

Wallis Huberta Annenberg is an American philanthropist and heiress. Annenberg serves as president and chairwoman of the Board of The Annenberg Foundation, a multibillion-dollar philanthropic organization in the United States.

<span class="mw-page-title-main">Rick Caruso</span> American businessman, developer, politician, and philanthropist (born 1959)

Rick Joseph Caruso is an American billionaire businessman. The founder and former chief executive officer of Caruso, an American real-estate company, he is also the chair of the board of trustees at the University of Southern California. Caruso was previously the president of the Los Angeles Police Commission, a member of the Board of Water and Power Commissioners, and was the runner-up to Karen Bass in the 2022 Los Angeles mayoral election.

<span class="mw-page-title-main">Robert Addison Day</span> American businessman (1943–2023)

Robert Addison Day was an American businessman, investor, and philanthropist. He was the founder and former chairman and chief executive officer of Trust Company of the West until 2009. He was the chairman and president of the W. M. Keck Foundation.

Iris Cantor is an American philanthropist based in New York City and Los Angeles, with a primary interest in medicine and the arts. Cited as among the 50 top contributors in the United States, as head of the Iris and B. Gerald Cantor Foundation, her foundation has donated several hundred million dollars to museums, universities and hospitals since 1978.

Pauline Yu is an American scholar of Chinese literature and culture noted for her contributions to the study of classical Chinese poetry and comparative literature. She is also known for her research and advocacy on issues in the humanities.

<span class="mw-page-title-main">Marc B. Nathanson</span> American entrepreneur and diplomat (born 1945)

Marc B. Nathanson is an American entrepreneur who served as the United States ambassador to Norway from 2022 to 2024. He is best known for his founding of Falcon Cable, which he sold in 1999 for $3.7 billion. He is a member of the Cable TV Hall of Fame, awarded with Inc.s Entrepreneur of the Year and a former chairman of the Broadcasting Board of Governors. In 2021, his net worth was listed as $2.3 billion by Forbes Magazine in their annual The World's Billionaires listing;

Marilyn Ziering is a retired American business executive and philanthropist in Los Angeles, California. She served as Senior Vice President of the Diagnostic Products Corporation for three decades. A trustee of the Los Angeles Opera, she has endowed programs at Syracuse University, Shalem College and the American Jewish University. She has also supported the American Friends of the Israeli Philharmonic, the Sheba Medical Center and Shalem College in Israel.

<span class="mw-page-title-main">Audrey Irmas</span> American philanthropist and art collector

Audrey Irmas is an American philanthropist and art collector. She has donated millions of dollars to Jewish causes, especially the Wilshire Boulevard Temple. She is one of the largest art collectors in the United States.

<span class="mw-page-title-main">James L. Easton</span> American engineer and archer (1935–2023)

James Leland Easton was an American businessman, archer, and philanthropist. He served as the chairman, chief executive officer and President of BRG Sports. He was the President of the World Archery Federation from 1989 to 2005, and he was a member of the International Olympic Committee from 1994.

Walter Wang is a Taiwanese businessman, investor, and philanthropist. He is the co-founder of The Walter and Shirley Wang Foundation, and JMM Foundation, a philanthropic organization. He is also the CEO of JM Eagle, a global manufacturer of plastic pipe. Wang's father was Wang Yung-ching, founder of the plastics and petrochemicals conglomerate Formosa Plastics Group and one of the wealthiest individuals in Taiwan before his death in 2008. His sister is Cher Wang, co-founder and chairperson of HTC Corporation and integrated chipset maker VIA Technologies.

References

  1. "Social Networks and Archival Context J. Walter Thompson company" . Retrieved June 6, 2020.
  2. "Plastpro Manufactures Maintenance-Free Vinyl Wainscoting" (Press release). January 17, 2008. Retrieved May 11, 2020.
  3. "Plastpro Opens World's First Fully Automated Door Manufacturing Facility in Northeast Ohio..." (Press release). June 3, 2005. Retrieved May 11, 2020.
  4. "Plastpro opens Ohio door plant". June 20, 2005. Retrieved May 11, 2020.
  5. "Plastpro Opens Plant in Ashtabula" . Retrieved May 9, 2020.
  6. "Our History, Plastpro, Inc." Retrieved May 3, 2020.
  7. "UCLA Foundation Names New Board Members Following Record-Breaking Endowment". August 3, 2015. Retrieved May 11, 2020.
  8. "UCLA Foundation - Board of Directors" . Retrieved May 11, 2020.
  9. "UCLA Leaders Strengthen Bonds and Commitment in Asia Tour" . Retrieved May 11, 2020.
  10. "UCLA Advocate in Action: Shirley Wang Helps Build a Lasting Foundation for Higher Education". July 12, 2017. Retrieved May 3, 2020.
  11. "UCLA Raises $5.49 billion in one of most ambitious campaigns ever by a public university". Ucla. Retrieved June 8, 2020.
  12. "Facing History and Ourselves at 40" (PDF). Retrieved May 11, 2020.
  13. "Preferred Bank (PFBC) Announces Shirley Wang to Board" . Retrieved May 11, 2020.
  14. "Preferred Bank Appoints New Director" (Press release). September 19, 2018. Retrieved May 11, 2020.
  15. "WSJ Markets - Preferred Bank Los Angeles" . Retrieved May 11, 2020.
  16. "Gazette News" (PDF). Retrieved May 26, 2020.
  17. "Global Chinese Philanthropy Initiative" . Retrieved May 3, 2020.
  18. "Committee of 100" . Retrieved May 30, 2020.
  19. "USOPF Trustees" . Retrieved May 11, 2020.
  20. "Donors of Chinese descent vastly increase philanthropy, mostly to higher education". Los Angeles Times . September 6, 2017. Retrieved May 11, 2020.
  21. "UCLA's Global Professor Min Zhou Appointed to Walter and Shirley Wang Endowed Chair" (PDF). Retrieved May 3, 2020.
  22. "UCLA's Global Professor Min Zhou Appointed to Walter and Shirley Wang Endowed Chair" (PDF). Retrieved May 11, 2020.
  23. "$2 million gift establishes two new endowments" . Retrieved May 29, 2020.
  24. "UCLA Gets $1 Million for Chinese American Program" . Retrieved May 29, 2020.
  25. "HW Chronicle Wang Hall Opens, Classrooms Converted" . Retrieved May 3, 2020.
  26. "HW Chronicle School Holds Wang Hall Reception" . Retrieved May 3, 2020.
  27. "Administration, trustees rename Reynolds Hall" . Retrieved May 11, 2020.
  28. "Target America Exhibit Hosts Special Programs in December at the California Science Center" . Retrieved May 3, 2020.
  29. "A Tradition of Closeness and Compassion" (PDF). Retrieved May 11, 2020.
  30. "Shirley Wang to Receive Ellis Island Medal of Honor". May 3, 2011. Retrieved May 11, 2020.
  31. "PANDEMIC COVID-19 has changed everything" (PDF). Retrieved June 19, 2020.
  32. "Plastpro Donates Surgical Masks To Ohio Local Facilities" . Retrieved May 11, 2020.
  33. "Plastpro Donates Surgical Masks to Ohio Local Facilities" . Retrieved May 11, 2020.
  34. "Racist attacks are mounting, but in L.A., Taiwanese Americans are among the first to help" . Retrieved May 30, 2020.
  35. "Shirley Wang Elected to Columbia's Board of Trustees". October 20, 2020. Retrieved November 16, 2020.
  36. 1 2 "An Investment in Nurturing Community on Our Campuses". Columbia News. Retrieved March 5, 2022.
  37. "LPGA's LA Championship purse will double to $3 million in 2023 with addition of new sponsors". golfweek.usatoday.com. October 19, 2022. Retrieved December 2, 2023.