World Economic Forum: "Arguably the Most Exciting Human Discovery Since Fire"

Sam Altman, Bill Gates, and Mark Zuckerberg are all investing vast sums of money into a radical technology. According to Bloomberg, this could become 10 times bigger than AI, quantum computing, electric vehicles, cryptocurrencies, and robotics combined. And one stock is at the center of it all.

Luis Miranda Jr. reflects on giving, the arts and his son Lin-Manuel in the new memoir 'Relentless'

GABRIELA AOUN ANGUEIRA
May 07, 2024

Luis A. Miranda Jr. was just 19 years old when he arrived in New York City from a small town in Puerto Rico, a broke doctoral student badly needing a job.

It was 1974 -- decades before "Hamilton," the Tony Award-winning musical created by his son Lin-Manuel, became a sensation and brought his family international recognition and unexpected fortune -- when a nonprofit focused on Puerto Rican youth hired Miranda as a researcher in its office a few blocks from the Empire State Building.

"You can imagine the symbolism," Miranda told the Associated Press. "A job with the Empire State Building in the background? I felt like Debbie Reynolds in 'The Unsinkable Molly Brown'."

Miranda planned to complete his doctorate in clinical psychology and return to Puerto Rico. He was an ardent independentista, committed to helping lift his country from the shadow of United States colonialism.

But the job opened his eyes to the different challenges facing the Puerto Rican diaspora. They lived in substandard housing. Their children lacked access to a good education. They, like other Latino groups, dealt with inequality and lack of representation. These became the issues he cared about most.

"The Empire State Building was the symbol of the great city," Miranda said. "But El Barrio, the South Bronx, our communities, were the places that I wanted to spend my energy supporting."

Miranda didn't finish his doctorate. Instead, he threw himself into a career of community activism, political organizing and philanthropic giving -- a transformation he recounts in his new memoir, "Relentless: My Story of the Latino Spirit that Is Transforming America," released on May 7.

While he spent most of his career in politics, Miranda spoke to The Associated Press about how he and his family have also dedicated themselves to lifting up Latino communities through giving. This conversation has been edited for clarity and length.

______

Q: Your parents were very involved in their community. How did their example influence your own dedication to service?

A: We lived in a small town, Vega Alta. It was literally six streets. We didn't have money. We couldn't do what philanthropy does in the United States. But we had human capital, and we used our human capital to help others.

Every Thursday, my dad went to a meeting of the Rotary Club. They talked about the good deeds that they were going to do for the town. We were always involved in the Red Cross, and whenever there was a hurricane or something that hit the Dominican Republic, Haiti, Puerto Rico, my dad was a leader in making sure that we were sending stuff.

What I have learned as I got a little more money and I could be philanthropic, is that you also have to give human capital. Being involved in the organization is much more work, but it feels different than when you just give money. I learned that from my parents.

_____

Q: What guides your family in deciding how to share your resources?

A: At the Miranda Family Fund, we always try to be the first one giving money. Money brings money, so we want to make sure that we go in and we help sell the story.

We're working with the People's Theater Project on a dream of having the first off-Broadway theater in Washington Heights. You have no idea how many people said to me, "It's really a tall order, we don't have the audience." It becomes a chicken and egg situation, because if you don't have a place, how do you get an audience?

So we put the first $1 million in. Then, I went to New York-Presbyterian and said, "You need to match us, because you are the employer of this community." Then all of a sudden every foundation is coming in, and we're raising $20 million to create a real theater.

_____

Q: Why have the arts been such a priority for your family's giving?

A: The arts changed our lives. We believe it not only feeds your heart and soul, but is a door to opportunity.

If my son had not created "Hamilton," and if my wife and I had not taken the leap to mortgage our house to invest in "Hamilton," the Mirandas would have still been great people using a lot of their human capital to help. But the arts changed our fortunes.

So the arts are a way to prosperity, but to get there, you need to get opportunities. And in order to get opportunities, someone has to invest. We invest in organizations that are in the arts and are opening doors, and in people who are in the arts, have talent and want a chance.

_____

Q: Helping Puerto Rico recover from the devastation of Hurricane Maria must have felt like a monumental task. How did you approach it?

A: We did what we knew best through the Hispanic Federation, which was to use a network of nonprofits to help. The nonprofit sector in Puerto Rico already existed, with real leaders, with vision, but was very weak. So we said, "Okay, We know how to strengthen existing organizations, and we know how to push forward their development."

We created the Flamboyan Arts Fund, again, not by ourselves. A donor reached out to us, he already had a foundation in Puerto Rico. So we didn't spend a penny on creating new systems. There were organizations in Puerto Rico that were part of the art ecosystem and needed to be developed. So we invested there. We brought "Hamilton" to Puerto Rico and raised $15 million for the Flamboyan Arts Fund.

______

Q: You write about how everyday people were also so key in mobilizing help for Puerto Rico.

A: It was the most difficult but most rewarding chapter to write. I remember going to the Hispanic Federation one day. José Calderón, the president, opened a safe and showed me 500 letters they had received that day with donations. They had to get volunteers just to help open the envelopes.

Kids would send a $10 Hamilton bill in honor of Lin-Manuel. Other people sent sizable checks. Even the Facebook group "Fans of Lin-Manuel" mobilized themselves like there was no tomorrow.

It was normal people from all over. Those who were invested emotionally, like the diaspora was, and those who were connected, sometimes peripherally, because they loved "Hamilton" and they loved Lin-Manuel, or just because they saw real need and just came to the rescue.

_____

Q: Any final thoughts on giving?

A: You have to give, and you have to give until it hurts. When our kids were growing up, if we gave $250, we were hurting. We were not going to go hungry, but if Lucecita or Lin-Manuel needed some shoes or new this or new that, it was not happening because we gave $250 to an organization in the neighborhood.

I hope that my kids have learned that legacy and that it becomes a quest in their lives, and in how they teach their kids to be giving people who worry about their neighbors. That's what I hope the future generations of Mirandas will continue to do.

_____

Associated Press coverage of philanthropy and nonprofits receives support through the AP's collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. For all of AP's philanthropy coverage, visit https://apnews.com/hub/philanthropy.

Continue Reading...

Popular

New Study: 50 Stocks Will Crash While 7 MAGA Stocks Will Soar - Ad

If you own any of these stocks -- directly or through mutual funds -- I want to encourage you to sell them before April 30th. I've compiled all 50 companies in my "MAGA Blacklist" report. Your retirement could depend on seeing this list.

The world's biggest companies have caused $28 trillion in climate damage, a new study estimates

WASHINGTON (AP) — The world's biggest corporations have caused $28 trillion in damage, a new study estimates as part of an effort to make it easier for people and governments to hold companies financially accountable, like the have been.

Asian shares jump on hopes tariff war may subside and Trump won't fire Federal Reserve chief

TOKYO (AP) — Asian shares mostly rose Wednesday, with markets showing relief after President Donald Trump indicated he won't dismiss of the U.S. Federal Reserve.

Elon's Greatest Invention... Hidden in South Memphis? - Ad

Tech legend Jeff Brown recently traveled to the industrial zone of South Memphis to investigate what he believes will be Elon's greatest invention ever... Yes, even bigger than Tesla or SpaceX.

Trump Softens On Tariffs — Stock Futures Rise, Nikkei Opens Higher, Dollar Still Under Pressure

US stock futures are up on Wednesday night following back-to-back rallies in the regular session. This comes amid President Donald Trump softening his stance on the tariffs earlier this week.

The Most Important "AI Stock" You've Never Heard Of - Ad

The AI revolution is moving faster than anyone expected. But what no one is talking about is the one company AI simply can't exist without. It may be the single most important AI investment, yet most people don't even know its name. For now. The moment Wall Street catches on, this $20 stock could explode.

Visa cancellations sow panic for international students, with hundreds fearing deportation

WASHINGTON (AP) — At first, the bar association for immigration attorneys began receiving inquiries from a couple students a day. These were foreigners studying in the U.S., and they'd their legal status had been terminated with little notice. To their knowledge, none of the students had committed a deportable offense.

Elon Musk Drops Stunning Bombshell? - Ad

Behind closed doors, Musk revealed a game-changing breakthrough technology that could shake the tech world & crush major companies. Why is no one talking about it? Luckily, we had a man on the inside - watch now to see the details & how to profit!

President Trump says CBS and '60 Minutes' should 'pay a big price' for going after him

President Donald Trump bitterly attacked “60 Minutes” shortly after the CBS newsmagazine broadcast stories on Ukraine and Greenland on Sunday, saying the network was out of control and should “pay a big price” for going after him.

Rep. Marjorie Taylor Greene bought stocks hit hard by Trump tariffs during the market meltdown

NEW YORK (AP) — Give Marjorie Taylor Greene credit where it’s due: As stocks tanked on tariff fears, she showed her faith in the president not just with words but dollar bills.

Biggest Dividend Payout in U.S. History: $1 Trillion up for Grabs! - Ad

Trump just launched a $1 trillion National Investment Fund to replace income taxes and send direct payouts to Americans. You could claim up to $21,307--before the first public checks go out. This is historic. Act now to be first in line.

Marjorie Taylor Greene Made Large Stock Purchases Ahead Of Trump's 90-Day Tariff Pause: Hakeem Jeffries Calls It 'Problematic'

Rep. Marjorie Taylor Greene (R-Ga.) disclosed her significant stock purchases made just before and on the day of former President Donald Trump's announcement to pause global tariffs. This announcement had a substantial impact on the stock market.

Canadian couple likely the only business owners on Australia's Norfolk Island to face US tariffs

MELBOURNE, Australia (AP) — Jesse Schiller and Rachel Evans are likely the only business owners on to be directly affected by the Trump administration's , as the South Pacific outpost they call home exports nothing to the United States.

Trump to Unlock 15-Figure Fortune for America (May 3rd)? - Ad

This map looks ordinary--but according to insider Jim Rickards, it reveals a hidden government asset so massive . Trump may soon unlock it--learn how to position yourself before it's too late!

Prince Harry appeals the loss of his UK security detail

LONDON (AP) — wants his British security detail restored and is taking his case to an appeals court.

Putting Your Name on This List Could Hand You $1,270 on Friday - Ad

URGENT: On Tuesday, a simple set of instructions will be sent out to an elite group of investors. The folks in this group will have the opportunity to place a 10-minute trade that could double their money by Friday. Consider this your invitation to join them. The next trade is just days away.

New ETFs Offer Bitcoin Exposure With Built-In Safety Nets

New target outcome ETFs from First Trust provide a controlled way to invest in bitcoin with a cap and floor, offering potential upside and downside protection.

The Big Texas Party No One Is Talking About... - Ad

Hundreds gathered to privately celebrate deep in Texas' brush country -- locals, state officials, energy insiders, a former U.S. Secretary of Energy, even George W. Bush. Why? Opportunity and MONEY. Not from oil or natural gas ... but an energy-packed METAL that's set to unleash a massive, new third wave of Texas energy wealth.

Paige Bueckers talks about her investment stake in Unrivaled league on 'Good Morning America'

NEW YORK (AP) — Paige Bueckers is ready to start not just her WNBA career with the Dallas Wings but her career as a businesswoman as well.

US egg giant Cal-Maine says government is investigating price increases

Shares of Cal-Maine Foods, the largest U.S. egg producer, fell in after-hours trading Tuesday after the company acknowledged it is being investigated by the antitrust division of the U.S. Department of Justice.

Brace Yourself for Jeff Bezos' "Amazon Helios" - Ad

Amazon delivers 20 million packages a day... powers some of the most popular websites... delivers medication to half of the U.S. population... and even produces award-winning films and TV shows. But a Wall Street legend -- twice featured on 60 Minutes -- predicts that "Amazon Helios" will be bigger than all of those... COMBINED.

Mark Cuban Gets Real About What It Takes To Get Rich: 'Even When I Was Dead Broke Sleeping on the Floor, I Was Having Fun'

Billionaire and Dallas Mavericks owner Mark Cuban once shed light on the common misconceptions about super-rich individuals and the impact of wealth on personal relationships.

Keystone oil pipeline shut down after a rupture in rural North Dakota

BISMARCK, N.D. (AP) — The Keystone oil pipeline was shut down Tuesday morning after it ruptured in North Dakota, with the spill confined to an agricultural field.

Elon's Biggest Secret Could Save Your Retirement - Ad

From a near-fatal car crash to surviving deadly malaria, Musk's fearless drive built Tesla, SpaceX, and Starlink. Now, he's warning America--and smart investors are listening. Discover the Trump IRS Loophole to protect your IRA & 401(k).

Trump administration plans to end the IRS Direct File program for free tax filing, AP sources say

WASHINGTON (AP) — The Trump administration plans to eliminate the IRS' program, an electronic system for filing tax returns directly to the agency for free, according to two people familiar with the decision.

Hollywood lands a much-needed box office hit with ‘A Minecraft Movie’

Hollywood needed to be a hit, and it delivered in its opening weekend, significantly narrowing this year's .

Maverick Trader Reveals 97% Accurate System - Ad

This man's simple strategy makes money in any market...With a 97% accuracy at hitting winners over the past 8 years!

Decoding Jeff Bezos' Unique Amazon Interview Question: A Key To Hiring Success?

Jeff Bezos, during his time at Amazon, reportedly had an unconventional method of interviewing prospective employees, always posing them one unusual question: "Are you a lucky person?"

Powell says Federal Reserve can wait on any interest rate moves

WASHINGTON (AP) — The Federal Reserve can stay patient and wait to see how tariffs and other economic policies of the Trump administration before making any changes to interest rates, Chair Jerome Powell said Wednesday.

Trump's plan to save the U.S. Dollar - Ad

The U.S. Dollar is crashing, and our reserve currency status is now in serious jeopardy leaving some to wonder -- is this being done by design? A 25-year economist and investor answers here... and details the exact steps you should be taking with your money to prepare.

RFK Jr. Will Phase Out Artificial Food Dyes By End Of 2026: What It Means For Pepsi, Coca-Cola, General Mills

U.S. health officials announced Tuesday that the Food and Drug Administration will phase out petroleum-based synthetic food dyes by the end of 2026 in a major shift for the nation's food industry.

Maryland Senator Grabs National Spotlight With El Salvador Meeting With Deportee

Sen. Chris Van Hollen (D-Md.), a longtime but mostly low-profile legislator, has surged into the national spotlight following a trip to El Salvador to meet with Kilmar Abrego Garcia.

No.1 Opportunity for 2025 [Take Action Now!] - Ad

Starlink's potential IPO Could Be the Biggest in History--Silicon Valley insider James Altucher has uncovered a way to profit BEFORE the IPO--with as little as $50. Musk's $180B giant is set to launch--will you miss out? Claim your spot before it's too late.

The Trump administration withdrew 11 pieces of ADA guidance. How will it affect compliance?

ATLANTA (AP) — President Donald Trump’s administration withdrew 11 pieces of guidance last month related to the Americans with Disabilities Act that helped stores, hotels and other businesses understand their obligation to the law.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service