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Mission

Founded in 1985 by Anne and her late husband John, the John P. and Anne Welsh McNulty Foundation supports the education and leadership development of individuals who strive to make a difference in the world.

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Programs

Our major programs and partnerships include:

John P. McNulty Prize: In partnership with the Aspen Institute, the McNulty Prize celebrates the boldness and impact of individuals who are using their exceptional leadership abilities, entrepreneurial spirit and private sector talents to address the world’s toughest challenges.

Anne and John McNulty Leadership Program at The Wharton School: The Leadership Program at Wharton develops leaders who act with a deeper understanding of themselves, their organizations, and their communities, and contribute positively to the growth of each. Read the press release here.

Anne Welsh McNulty Institute for Women’s Leadership at Villanova University: Launching in 2017, the Institute will serve Villanovans and the broader community in fostering women’s advancement through education, advocacy, community-building, and the collaborative creation of new knowledge. Read the press release here

John P. McNulty Scholars Program for Excellence in Science and Math: An innovative scholarship program enabling high achieving undergraduate women pursuing math and science degrees to reach their full leadership potential. Learn more about our programs at Hunter College and Saint Joseph’s University.

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Anne Welsh McNulty

Anne Welsh McNulty is an active philanthropist and advocate for leadership development and social change. She is the co-founder and managing partner of JBK Partners, with businesses including investment management and a private philanthropic foundation. Before starting JBK Partners, she was a Managing Director of Goldman Sachs and a senior executive of the Goldman Sachs Hedge Fund Strategies Group.

Anne has deep ties to Philadelphia, the city where she was born, became Valedictorian at Villanova, obtained her MBA at Wharton, and began a partnership of 37 years with her late husband John. She is the mother of three, all proud graduates of the University of Pennsylvania. Anne has a sustained passion for lifelong learning, and over the past decade, has greatly expanded the mission she began with John to enable young people to grow as high-impact leaders.

Under her leadership, the McNulty Foundation has established various initiatives to support individuals who strive to make a difference in the world in reaching their greatest potential.  As a woman who has broken barriers herself in becoming a leader in her field, Anne is an enthusiastic advocate for women’s leadership, and actively supports initiatives that increase the representation of women in leadership positions, and build conscious and inclusive environments that enable women to flourish.

In addition, Anne serves on the Board of Trustees of the Aspen Institute, the Wharton School, and Villanova University. She is also a member of the Board of Directors for the Metropolitan Opera of New York, the Child Mind Institute in New York, and the National Museum of American Jewish History in Philadelphia. Anne is also a Trustee of the Naples Winter Wine Festival benefiting children's charities in Collier County, Florida.

Anne earned her MBA in Finance & Insurance from the Wharton School at the University of Pennsylvania after graduating as valedictorian from Villanova University. She maintains strong connections with her alma maters, and continues to serve as a role model to aspiring women leaders.

John and my experiences motivated us to be active leaders, not only in running businesses, but also in our communities. I believe in the transformative power of developing each individual’s leadership capacity so that they may have a similar experience, so that they may reach their potential, and so that they may change the world” Anne Welsh McNulty

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John P. McNulty

John McNulty was a person overflowing with vitality, love, conviction and total commitment. Interactions with John were never dull – debating inspired him and gave him limitless opportunities to flex his intellectual muscle. He was a true leader who was unable to engage in anything or with anyone without immersing his total self – mind, body and spirit.

Some described it as intensity – an enthusiasm that John brought to every enterprise. He had great vision and held himself and others to the highest standards in executing that vision. He did everything wholeheartedly. While for competitors it meant almost certain defeat, for clients it meant great advice and flawless execution. For colleagues it meant a committed mentor who brooked no trace of mediocrity, but who gave everything of himself to inspire, cajole and challenge in order to help people advance to and beyond their potential. And for family and friends, it meant steadfast loyalty.

Perhaps it was his Irish heritage. Born in 1952, John was the first of six children of Nora and Charles McNulty, who had newly emigrated from Donegal, Ireland. In a touch of irony given his later career, John’s mother's first job was as a housekeeper for a Wall Street investment banker. His father worked as a landscaper and a truck driver. John grew up in a row house in southwest Philadelphia, where his parents entrusted him to pay the mortgage and to buy meat from the butcher.

John met Anne Welsh at the first dance of his sophomore year at Cardinal O’Hara High School, and they began a singular, intense, devoted partnership that would last for 37 years. At Saint Joseph’s University in Philadelphia, John was elected president of the student body. He and Anne both earned their MBAs from the Wharton School of the University of Pennsylvania in 1979.

From Wharton he joined Goldman Sachs, where he quickly became a leader and relished the opportunity to mentor and train a group of young associates. John became a partner in 1990, and was named co-head of its Asset Management Division in 1994. Under John’s leadership, Goldman Sachs built a global investment management business that became a significant and integral part of the firm.

At every step of his career, John delighted in serving as a mentor to younger associates, creating opportunities for them, and marveling at their talents. He was a firm believer in the power of women to achieve greatness in their chosen field, inspiring the McNulty Foundation to focus on advancing women as leaders. He encouraged them to take risks, and challenged them to tackle problems creatively and enthusiastically.

John retired in July of 2001 and shifted his focus from doing well to doing good. He joined the board of trustees of the Metropolitan Opera of New York and the Aspen Institute, and served on the boards of the University of Pennsylvania’s Wharton School and Saint Joseph’s University.

He also served on the board of directors of Carnival Corporation, Allied World Assurance Holdings, Ltd., and on the board of governors of the Investment Company Institute.

John’s visionary leadership lives on and will continue to shape and change lives through the John P. and Anne Welsh McNulty Foundation.