FW: Yagan funding

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From: Daetz, Steve Sent: Thursday, November 20, 2014 2:32 PM To: Sandler, Herbert; Sandler, Susan Cc: Sandler, Jim; Knaebel, Sergio Subject: FW: Yagan funding See highlight below ... an example of a WCEG grantee being sensitive to receiving funds that come via a check from CAP. We'll work our way through this, but just a reminder that some academics may be sensitive to being too closely affiliated with CAP. Danny Yagan, you may recall, is a colleague of Emmanuel's at Berkeley who has collaborated with Emmanuel on some work through the Berkeley Center for Equitable Growth. Steve From: Daetz, Steve Sent: Thursday, November 20, 2014 2:26 PM To: Heather Boushey Subject: RE: Yagan funding Thanks for sharing. What if CAP gave the check to Emmanuel's center at UC Berkeley, which then passes it on to Danny? UC Berkeley committed to us (Sandler Foundation) that we would not be charged any overhead for the money we give to Emmanuel's center. Steve From: Heather Boushey [mailto:[email protected]] Sent: Thursday, November 20, 2014 1:34 PM To: Daetz, Steve Subject: FW: Yagan funding Hello Steve, First, thanks for a really good meeting on Monday! It was was really helpful for us. I'll be in touch a lot in December as we work through our planning process and tee up our 2015 goals and proposed budget. Second, I wanted to forward this to you within the context of the things we discussed. We don't have a proposal about how to address this yet, but I wanted you to see this so you know that the issue is real and we are trying to make sure we are on the right side of the line for academics. Yagan is exactly the kind of rising superstar we want to fund and cultivate. Best, Heather ^^^^^^^^^^^^^^^^^^^^^^ Heather Boushey Executive Director and Chief Economist Washington Center for Equitable Growth 1333 H Street, NW, 2nd Floor Washington, DC 20005 [email protected]<mailto:[email protected]> www.Equitablegrowth.org<http://www.Equitablegrowth.org> Desk: (202) 741-6247 Twitter: @hboushey From: Elisabeth Jacobs <[email protected]<mailto:[email protected]>> Date: Wednesday, November 19, 2014 at 5:27 PM To: Korin Davis <[email protected]<mailto:[email protected]>> Cc: Heather Boushey <[email protected]<mailto:[email protected]>>, Marshall Steinbaum <[email protected]<mailto:[email protected]>> Subject: Re: Yagan funding Thanks for this, Korin. I think the only other point worth (re)emphasizing here is the fact that Danny is (as best as I can tell, at least) "on our side." In other words, my sense is that he's not someone who takes issue with what CAP does or the positions they take. He's just very wary of the implications of the affiliation for his professional career, given that he is an early-career academic, with a great deal of potential in elite academic economic circles. In other words, he's got a lot to lose, and sees CAP as a risk. The upside: He doesn't see Equitable Growth as the same risk. We need to preserve that! On Nov 19, 2014, at 5:01 PM, Korin Davis <[email protected]<mailto:[email protected]>> wrote: Dear Heather, You asked me to send you an email summarizing our support of Danny Yagan and his decisions regarding that funding. In brief, Danny Yagan was awarded a $15,000 grant as one of our 2014 young scholars. The grant was announced in June and the check was mailed in early September, at which point Danny had joined the faculty of UC Berkeley. We recently learned that he had not cashed the check because he was surprised to find that it came from CAP and was reticent to personally accept money from a partisan organization. He asked if we could route the funding through UC Berkeley, so as to alter the optics. He is more comfortable if "CAP" is supporting UC Berkeley, rather than him directly. Processing payment this way means that UC Berkeley will take a portion of the funding, as is the case with all institutional grant arrangements. Danny was willing to relinquish a sizeable portion of his funding (I don't know the exact percentage) in order to distance himself from CAP. If you have questions or would like further information please let me know. I copied Elisabeth and Marshall on this email as they were at the meeting when Danny made this request and may have something to add or clarify. Best, Korin Korin Davis Academic Programs Manager Washington Center for Equitable Growth [email protected]<mailto:[email protected]> 202-741-6250