Alphonse Fletcher, Jr. Marks Brown Anniversary With $50 Million for Civil Rights

Investment banker Alphonse Fletcher announced May 17 that his company will donate $50 million to individuals and organizations working to complete the unfinished work of the Civil Rights movement. A committee is being formed to determine how the funds will be distributed. Fletcher, 38,is a prominent investor philanthropist whose firm, Fletcher Asset Management, has met with remarkable success since it was founded in 1991.