By the early 1980s, Ray Chambers’ star had risen. As co-founder and Chairman of Wesray Capital Corporation, an early pioneer of the leveraged buyout, his ride on Wall Street had exceeded his expectations. Family, friends, health—at 40-something, he had it all.
And yet, there was a void, which Chambers found himself filling in the gym of Newark’s Boys & Girls Club. So satisfying were these hours that, by 1989, Chambers was ready to fold up Wesray and devote himself to philanthropy full-time. In recent years, this long-time rainmaker for the city of Newark has expanded his strategy globally.
More than two decades into his philanthropic career, by all measures, Chambers’ star has continued to rise, likely higher than he might have believed possible. The tuition he promised to 1000 Newark youngsters significantly increased their college enrollment. The bed nets he’s helped supply for 800 million people in malaria-affected countries are saving lives. Indeed, whatever his cause, his determined pursuit of the bottom line drives results—and a whole lot of personal satisfaction.
More Remarkable GiversRay Chambers's Videos
- A fuller life: Ray Chambers is grateful for the opportunity to engage in philanthropy
- At the peak of his career, Ray Chambers knew something was missing
- Buying 40 billion with five: Ray Chambers makes the case for pursuing quantifiable objectives
- Check your ego: Ray Chambers on what he’s learned through philanthropy
- Family philanthropy: Ray Chambers relies on his family for philanthropy bench strength
- Get clear: Ray Chambers advises donors to look for the bottom line
- Getting others on board: Ray Chambers embraces “going public” with his philanthropy
- “Hasten slowly:” Ray Chambers urges new donors to learn from the successes and failures of others and to follow their intuition
- Make the right investment: Ray Chambers fights to keep kids on track for college
- Mentor quest: Ray Chambers hones in on a key intervention that has led to 3 million mentors in the US today
- On a mission: Ray Chambers and Malaria No More
- Partner up: Ray Chambers tries to do nothing by himself in his philanthropy
- Picture this: For Ray Chambers, one image led him to join the fight to end malaria deaths in Africa
- Saying no: Ray Chambers believes a clear giving strategy makes it easier
- Strength in numbers: Ray Chambers encourages collective problem solving
- Taking the show to Newark: Ray Chambers rallies Newark’s leaders to step it up for a new performing arts center
- Undecided: Ray Chambers is not sure if he wants to establish his foundation in perpetuity or spend down