Millionaire philanthropist Pete Kadens is trying to do what President Biden hasn’t been able to get done.
Kadens has created two college-scholarship programs — Hope Toledo, in his Ohio hometown, and Hope Chicago, which he co-founded with investment-management executive Ted Koenig and launched in September in the city where he ran several businesses. The goal: provide debt-free college to public-school graduates. If that weren’t ambitious enough, he also wants to pay tuition for any parent or guardian of a scholarship student who also decides to pursue higher education.
