Shelby M. C. Davis is founder, chief investment officer and chief executive officer of Davis Selected Advisers, L.P., a $30-billion mutual fund and money management firm. He, his son Andrew '85 and their families have contributed more than $50 million to United World College, a private international college preparatory program with 10 campuses worldwide. The family also contributes up to $10 million a year to support the Davis-UWC Scholarship Program, which underwrites up to the full educational and living costs of graduates who win admission to Colby, Middlebury, Wellesley, College of the Atlantic or Princeton University.
 
 

What led to your interest in funding college scholarships for international students?

When I was still in my teens, I took two trips around the world. It was on those trips that I began to understand that only through interaction between people can we build bridges of both understanding and knowledge.

These students [are] coming from Bulgaria or Russia or China, and they're succeeding in a challenging academic environment in a second language. They need to succeed . . . but if your father earns $30 a month, how is he going to fund $30,000 a year? My goal, frankly, is to have all students that graduate at United World Colleges to go on to university.

Is this commitment unlimited?

It is. Anybody who can get admitted to Colby from Bulgaria, I figure they deserve it. Now, when I meet Bro and he says that professors here come up to him and say, "Get me more students like these" because they're enriching the classroom, they're fun to teach, they bring different points of view to the discussions, and they're making a big impact on the American students as well as learning a lot themselves--that just confirms the value of it.

How did the terrorist attacks in New York and Washington, D.C., last fall affect your thinking about the program?

My whole company could have been wiped out on 9-11. My office is on the 94th floor of Two World Trade, [and] our board meeting was scheduled for that morning at 8:30. By chance, in August the meeting was switched to the O'Hare Hilton in Chicago. My son Chris was on the last plane out of Laguardia Airport, and the captain of the plane said, "There's something going on at the World Trade Center." They looked over and saw the ball of flame as the second plane crashed.

I was so grateful, of course, that we'd been spared. But I also felt that we had a special responsibility . . . to educate young Americans about global realities while exposing international students to U.S. college life.

How, and why, did you get involved in supporting United World College students?

After meeting Phil Geier [president, UWC of the American West] I went out to visit the UWC campus in New Mexico. I was walking past one of the meeting rooms and here were these two students--one Palestinian and one Israeli--with their arms around each other. That just blew me away . . . I found myself thinking, "Hey, this is something I can believe in."

 
 
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