# Andre Agassi Foundation for Education Andre Agassi Foundation for Education is an Endowment / Foundation based in Las Vegas, United States. ## Overview - **Organization type:** Endowment / Foundation - **Headquarters:** Las Vegas, United States - **Region:** North America - **Address:** Las Vegas, NV, United States - **Founded:** 1994 - **Assets under management:** Undisclosed (Altss estimate: $80–100M) - **Website:** agassifoundation.org ## Regulatory record - **Reports private funds:** No ## About The Andre Agassi Foundation for Education launched in 1994, the year Agassi won his first U.S. Open, marking a pivot from individual athletic achievement to systemic philanthropy. Agassi, a Las Vegas native, structured the foundation to improve public education for at-risk youth, focusing initially on his hometown. The wealth originates from Agassi's tennis career, which generated roughly $30 million in prize money and hundreds of millions in endorsement contracts, primarily with Nike and Head. Agassi later credited his own educational experience at a Las Vegas Boys & Girls Club as formative. The foundation's investment model blends programmatic spending with an institutional multi-asset portfolio managed to sustain operations and capital projects. Public records and Altss research indicate allocations across private equity, hedge funds, and fund-of-funds vehicles, with a geographic tilt toward North America. The signature deployment vehicle is the Turner-Agassi Charter School Facilities Fund, a $750 million social-impact fund raised in partnerships with Canyon Capital Realty Advisors and Citibank, which finances charter school construction nationwide. Confirmed real assets include Democracy Prep at the Agassi Campus in Las Vegas and a portfolio of charter school properties. Private equity and venture exposures remain undisclosed at the position level. The foundation operates leanly, with key operations run through Agassi Graf Holdings, the family office co-managed by CEO Steve Miller and Agassi's wife, tennis champion Steffi Graf. The couple has co-invested in real estate and lifestyle ventures, including the Agassi Graf lifestyle brand and a fractional jet ownership arrangement through NetJets. Adjacent vehicle Children for Tomorrow, founded by Graf in 1998, provides trauma-informed mental health services for children, operating under a separate legal structure but sharing the family's philanthropic bandwidth. As of 2023, Agassi and Graf maintain dual residences in Las Vegas and Palm Beach. The foundation's structural differentiator lies in its hybrid approach to educational philanthropy: it is neither a passive grantmaker nor a pure charter operator. Instead, it functions as a credit-enhanced real estate financing platform for charter schools while maintaining an endowment-style investment pool. This model, pioneered with Turner Impact Capital, allows school operators to access institutional-quality facilities without depleting operating budgets. Succession planning centers on the Agassi family office, with brother Phillip Agassi serving as a foundation trustee alongside professional managers drawn from real estate and finance. ## Sectors - Education - Real Estate - Private Equity ## People - Andre Agassi — Founder - Steve Miller — CEO, Agassi Graf Holdings - Bobby Turner — Partner, Turner-Agassi Charter School Facilities Fund ## Questions ### Who oversees the foundation's investment decision-making? Investment management is routed through Agassi Graf Holdings, the family office led by CEO Steve Miller. Miller coordinates asset allocation across private equity, hedge funds, and real assets while Bobby Turner, CEO of Turner Impact Capital, leads the specialized charter school facilities fund in partnership with the foundation. Agassi himself remains involved in high-level strategic and philanthropic direction. ### How is the Turner-Agassi Charter School Facilities Fund structured? Launched in 2011 as a joint venture between Andre Agassi, Bobby Turner, and Canyon Partners, the fund develops and owns charter school real estate, leasing facilities to high-performing operators. It raised approximately $750 million in its first two rounds, with Citibank joining as a financing partner. The fund targets underserved urban communities across the United States and operates separately from the foundation's traditional endowment portfolio. ### What is the relationship between the foundation and Steffi Graf? Steffi Graf is Agassi's wife and business partner. The two co-own Agassi Graf Holdings, which oversees the family's investments, real estate, and lifestyle ventures. Graf runs her own foundation, Children for Tomorrow, which is legally distinct from the Andre Agassi Foundation for Education. The two entities occasionally coordinate but maintain separate missions and assets. ### Does the foundation make direct grants or operate programs in-house? The foundation operates both as a direct funder and a program operator. Its flagship on-the-ground asset is Democracy Prep at the Agassi Campus, a public charter school in Las Vegas. It also supports other charter operators through the Turner-Agassi Fund's facility leasing model. Operating costs are covered by returns from the foundation's diversified investment pool. ### What sectors aside from education are in the foundation's investment portfolio? Education and charter school real estate dominate, but the endowment portfolio diversifies into private equity and hedge fund commitments, including distressed debt, mezzanine, and venture capital via fund-of-funds structures. Agassi has also invested personally in residential real estate, art, aviation, and a lifestyle brand, but those sit outside the foundation. ## Related profiles - [Amalgamated Transit Union, AFL-CIO/CLC](https://altss.com/profile/amalgamated-transit-union-afl-cio-clc) - [Atlanta History Center](https://altss.com/profile/atlanta-historical-society) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/andre-agassi-foundation-for-education Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology