G.S. Jaggi is the founder and chief investment officer of Iridius Capital, a real estate investment firm. G.S. Jaggi began his long track record of entrepreneurial success nearly 30 years ago after graduating with an MBA from the University of Texas at Austin. Before founding Iridius Capital in 2011, G.S. Jaggi founded what became the largest privately held mortgage bank in a span of 11 years. In the last 10 years, G.S. Jaggi has managed the deployment of over $1 billion into the real estate sector. G.S. Jaggi also serves as a board member of NexMetro Communities, which he helped found and Singularity Capital where he holds the position of General Partner. Singularity Capital, which is a fintech venture fund has invested in various portfolio companies for which G.S. Jaggi is a strategic advisor and board member.
Like his business interest, the philanthropic interests of G.S. Jaggi and the Iridius Capital Philanthropy Committee efforts span a broad horizon. Among charities G.S. Jaggi and Iridius Capital support, the beneficiary consists of charities that work to improve the health and wellbeing of children, arts and entertainment, downtown revitalization, and community outreach. “These are outstanding organizations that support the needs of our community. Without them, many needs would go unmet so it’s vital that businesses continue to support their efforts,” G.S. Jaggi said.
Charitable giving decreased by 7 percent during the Great Recession of 2008. Experts say the COVID crisis could create an even greater decrease in nonprofit organizations. Single-digit decreases in giving may seem insignificant, but many nonprofits operate on shoestring budgets in order to further their missions and help the most people. While it’s not clear yet how significantly businesses and individuals will reduce charitable giving in the wake of the pandemic, it’s likely many will forego donations as a way to cut expenses. Social distancing measures are also compounding the problem since charitable organizations have altered or canceled in-person fundraising events.
This is why the Iridius Capital Philanthropy Committee along with the company’s Founder and Chief Investment Officer G.S. Jaggi is committed to maintaining charitable giving levels to a variety of organizations in the Southwest. “COVID-19 has impacted every aspect of our economy. Now is not the time to reduce contributions to organizations serving those in need. That’s why I’m proud to stay the course, continuing Iridius Capital’s longstanding commitment to the following community organizations as planned on by our philanthropic committee,” G.S. Jaggi said.
The University of Arizona Foundation
As a result of the support of 10,000+ Wildcat Club members, Arizona student-athletes are able to achieve excellence both in competition and in the classroom.
Thunderbirds Charities through the Phoenix Waste Management Open
Thunderbirds Charities is a non-profit organization formed in 1986 to distribute monies raised through the Waste Management Phoenix Open golf tournament. The mission of the organization is to assist families, children, and people in need and help improve the quality of life in the community.
Angel Charity for Children
Angel Charity for Children, Inc., is a non-profit organization comprised of approximately 150 devoted volunteers representing a cross-section of the Tucson community. Through innovative fundraising, these dedicated ‘Angels’ are committed to providing Pima County’s children with the vibrant future they so richly deserve.
Tu Nidito exists to create a community of acceptance and understanding regarding children in grief. It is our vision that no child grieves alone. As a non-profit organization specializing in providing free of charge emotional support to children, teens, young adults and families impacted by the diagnosis of a serious medical condition or death of someone special.
Dusk Charities, Inc.
The Dusk Music Festival is an annual music and arts festival held at Armory Park in Tucson, Arizona. Beginning in 2016, DUSK has worked feverishly to create an unforgettable experience combining a variety of music genres, the best food and beverage Arizona has to offer, and an interactive art experience on the grandest of scale, for its fans. Proceeds from this year’s event go to the Children’s Museum Tucson, the Armory Park Neighborhood Association, The Rialto Theatre, and several other local foundations and organizations yet to be named.
The “Crown Jewel of Downtown,” Fox Tucson Theatre is known throughout the U.S. for its physical beauty and near-perfect acoustics. Painstakingly restored, state of the art facility is many things to many people: Southern Arizona’s only remaining “movie palace,” an elegant and sophisticated performing arts venue, a multi-purpose community center, a unique rental facility for corporate, non-profit, and private events and a leader in downtown revitalization.
The Rialto Theatre Foundation
A 501(c)(3) non-profit organization dedicated to the stewardship and preservation of the historic Rialto Theatre, a unique entertainment venue, and a cornerstone of downtown Tucson, offering a broad range of high-quality performing arts that are reflective of the diverse and vibrant community it serves.
Kids of Steele
A membership-based organization that provides families an opportunity to work together toward a common goal: to support the University of Arizona Steele Children’s Research Center in their quest to teach, to heal, and to discover.
Salpointe Catholic High School Foundation
Salpointe Catholic Education Foundation supports the educational, moral, scientific, artistic, and athletic endeavors of youth in the Salpointe community.