The Chronicle on Boverton Beaver’s Bakery
By Phil Cubeta – Gift Hub (25 Mar 2008)
As a reporter for The Chronicle of Philanthropy’s Give and Take, you are sitting, knees crossed, and back straight, in a public relations event promoting a Double Bottom Line Social Venture Bakery in Detroit. From the window you can glimpse a prison looming like a fortress. The meeting is run by a Harvard MBA employed by Beaverton Social Venture Foundation funded with money from a Wall Street Wizard, Boverton Beaver, who made his billions buying and selling weapons manufacturing companies, including one that specializes in anti-personnel land-mines made to look like children’s toys. He also served as Assistant Secretary of the Navy, and as a lobbyist for a defense contractor. He was indicted for fraud, but found innocent via a hung jury after a prolonged trial costing millions to litigate. He is best known for his trophy wife, a former Ms. Nude Miami Beach, now on the Board of a Conservative Think Tank, and for his contribution to the theory and practice of social venture philanthropy.