About Richard Rainwater
Richard E. Rainwater grew up in Fort Worth, Texas, graduated from the University of Texas with a degree in mathematics, and went on to earn his MBA from the Stanford Graduate School of Business. He worked as an investment banker, but soon accepted an invitation from former Stanford classmate Sid Bass to manage and diversify the Bass family portfolio. Mr. Rainwater was principally responsible for numerous major corporate and real estate acquisitions and dispositions, and significantly increased the Bass family’s overall wealth during his tenure.
In 1986, Mr. Rainwater left Bass Enterprises to become an independent investor. He has since founded or co-founded numerous successful firms, including ENSCO International, Columbia Hospital Corporation, Mid Ocean Limited, and Crescent Real Estate Equities, Inc., and was part-owner of the Texas Rangers.
In 1991, Mr. Rainwater established the Rainwater Charitable Foundation (RCF) to improve the lives of children in the United States, specifically targeting those born into poverty. Since that time the RCF has supported more than 400 organizations from around the country. The RCF strives to employ the same principles that Mr. Rainwater has successfully used in his business career, including focusing on leadership and scaling ideas that have been proven to work. More recently, the RCF has begun supporting institutions that conduct research in the field of neuroscience through the Tau Consortium.
When he passed away in 2015, Mr. Rainwater had given more than $265 million to organizations primarily for the benefit of higher education, at-risk children and research associated with degenerative neurological diseases.