Foster Friess is a first-generation college graduate. His mother dropped out of school in the eighth grade to pick cotton in order to save the family farm in Texas. His father dealt cattle and horses.
Foster was valedictorian, class president, student council president, and captain of the basketball, track, golf and baseball teams. At the University of Wisconsin, Foster earned a degree in business administration, served as president of his fraternity, was named one of the “ten most outstanding senior men,” and won the heart of “Badger Beauty” and Chi Omega president Lynnette Estes, whom he married in 1962. Two sons, two daughters, and fifteen grandchildren followed.
Foster proudly served in the U.S. Army. Foster trained as an Infantry Platoon Leader and proudly served as an Intelligence Officer for the First Guided Missile Brigade in El Paso, TX and retired from the reserves as a Captain.
In 1974, Foster and Lynn launched Friess Associates. The firm’s flagship, the Brandywine Fund, averaged 20 percent annual gains in the 1990s, causing Forbes magazine to name it one of the decade’s top mutual funds. CNBC dubbed Foster one of the “century’s great investors.”
Foster has devoted significant resources to philanthropy. In 1999, the “Champ” himself awarded Foster the Muhammad Ali Humanitarian Award, and in 2000, at the National Charity Awards Dinner in Washington, D.C., Foster was named the “Humanitarian of the Year,” following in the footsteps of Coretta Scott King, Bob Hope, President George H.W. Bush, and Lady Bird Johnson.
In June of 2018, Forbes named Foster one of the “greatest investors of this generation”, along with Warren Buffett and John Templeton.
Lynn and Foster gain their philanthropic inspiration from Galatians 6:2: “When we carry one another’s burdens we fulfill the law of Christ.” From supporting families of disabled children in Wyoming to assisting victims of Hurricane Katrina and the Haitian earthquake, Lynn and Foster engage in a wide scope of philanthropic activities.
Foster launched with Tucker Carlson and is the largest investor in the Daily Caller.
After the Parkland school shooting, in USA Today Foster issued a $2.5 million challenge grant to fund Rachel’s Challenge which encourages students to launch a chain reaction of kindness. It was founded by Darrell and Sandy Scott the Parents of the first victim of Columbine. It has averted seven school shootings and over 500 suicides in the last three years.
Foster believes that private individuals are called to carry others’ burdens–rather than relying on the government to do so. Foster works to promote the Founding Father principles of free enterprise, limited constitutional government, fiscal responsibility, and traditional American values. He believes we can find effective, innovative private sector solutions to many of the problems we face.