Park City, UT – Phill Gross, a Boston area investment banker and enthusiastic skier, has been named to the board of trustees for the U.S. Ski and Snowboard Team Foundation according to President and CEO Bill Marolt. The Foundation plays a key role in supporting U.S. Ski Team and U.S. Snowboarding athletes, as well as grassroots programs of the U.S. Ski and Snowboard Association.
“Phill has real passion as a fan of our sports and brings an impressive business background to our organization,” said Marolt. “He has been a vital part of our growing Boston support Team and I look forward to his added contribution as a trustee.”
For the past few years Gross has been serving on the committee helping to expand the annual New England Ski and Snowboard Ball. The event has always been among the Team’s more popular fundraisers and is set for Tuesday, Nov. 11 this year at The State Room in downtown Boston.
Gross is co-founder and managing director of Adage Capital Management L.P., a Boston-based money management firm. Adage manages around $12 billion in S&P 500 benchmarked assets primarily for endowment and foundation clients. Adage and its predecessor, the Select Equity Group at the Harvard Management Company (HMC), have outperformed the S&P 500 index for 16 consecutive years. Gross joined HMC in 1983 as a healthcare analyst and was named a partner in 1986, before founding Adage in 2001.
He graduated from the University of Wisconsin with a B.S. in business and economics and a M.S. in investments, and sits on several boards at UW. In 2006 he received the Distinguished Alumnus Award.
“One of my initiatives as a trustee will be to encourage broader participation in sport using the U.S. Ski and Snowboard Association (USSA) as a catalyst,” said Gross. “Our elite athletes are tremendous role models and can help to expose more kids to skiing and snowboarding.”
In addition to his growing involvement with the U.S. Ski Team and U.S. Snowboarding, Gross has long played a key role with local youth groups including Youth Enrichment Services, a Boston-based agency that engages urban kids in outdoor activities such as hiking, biking and skiing. He also helped form a partnership with the Boston Ski Party, which has introduced hundreds of African American youth to the enjoyment of winter sports. He also founded Strategic Grant Partners, a consortium of family foundations working to affect change in education and family services in his home state and is president of Shelter, Inc.’s Advisory Council in Boston.
He lives in Concord, Mass. with his wife Liz and their four children. They have a ski home in Killington, Vt., where his children are involved in the alpine racing program.
The U. S. Ski and Snowboard Team Foundation is managed by the U. S. Ski and Snowboard Association, which manages Olympic skiing and snowboarding in America. The Foundation supports the Team by raising money to fund year-round athlete training, development, competition and educational needs.