Arthur B. Schultz

Carlson School of Management, September 30, 2010

Arthur B. Schultz received a bachelor of science in business from the School of Management, now the Carlson School of Management at the University of Minnesota in 1951. He co-founded Cobra Golf and is now the chairman of the board of the Arthur B. Schultz Foundation. The Foundation's philanthropic work has touched people globally. A strong supporter of student initiatives at the Carlson School of Management, he provides fellowships for full-time MBA students to study micro-finance in developing nations. The fellowships are directed at international students who are committed to returning to their countries to manage a microenterprise. The Arthur B. Schultz Foundation supports initiatives worldwide through microenterprises, global understanding and disabled mobility. The Social Microenterprise Initiative grant program affords interest free small business loans to people who need equipment or machinery. The Global Understanding Initiative's goal is to promote peace, learning and understanding. Currently, the focus for the initiative addresses the Israeli-Palestinian conflict. The initiative around disability mobility involves the partnership with American and Norwegian wheelchair designers and a Vietnamese wheelchair manufacturer. Through this effort, people in developing countries are provided with wheelchairs. Because of his experience growing up in Norway during the Nazi occupation, he believed his good fortune of coming to the University of Minnesota to study, which led him to his success as a CPA and an investor, provided him with the opportunity to give back to the global society.