About Mr. Jay Alix
In 2018, Mayo Clinic received a gift of $200 million from Mr. Jay Alix, noted philanthropist of Birmingham, Michigan. The endowment gift, the largest ever to Mayo Clinic, was designated to Mayo Clinic School of Medicine to expand scholarship opportunities and further innovation in the school’s curriculum. In appreciation of his generous gift, the school across all campuses will be known as Mayo Clinic Alix School of Medicine.
Mr. Alix is the founder of AlixPartners, a global advisory firm that provides comprehensive solutions to companies facing complex operating, financial, legal, and restructuring challenges. He has led and advised on some of the largest and most complex restructurings and turnarounds of the past four decades, including leading the creation, design, and development of the highly successful restructuring and turnaround plan to bring General Motors in and out of bankruptcy in just 40 days. Having sold control of his firm in 2006, Mr. Alix serves today as one of 14 board members and a mentor to AlixPartners’ leaders.
Mr. Alix has lectured widely, written many articles on turnaround management, co-authored two books on the financial issues facing companies in reorganization, and given many speeches on corporate transitions, turnarounds, and the corporate revitalization process.
“This gift will further enable Mayo’s medical school to recruit the best medical students and to create a curriculum that trains them to harness evolving radical advances in medical science and technology to the greatest benefit of patients.” – Jay Alix
Former U.S. President Bill Clinton appointed Mr. Alix to the National Bankruptcy Review Commission in 1994, the only businessperson and non-lawyer to serve on the commission. The Turnaround Management Association presented Mr. Alix with the 2002 Chairman’s Award in recognition of his “pioneering leadership role” in helping to create and build the turnaround industry.
Since 2006, Mr. Alix has focused on pro bono advisory and creative activities, including producing award-winning documentary films, six-time Tony-winning Broadway musicals and plays, and Grammy-nominated music. He has actively helped restructure the Detroit Public School System. He holds an MBA in accounting from Rutgers University and a bachelor’s degree in finance from the Wharton School at the University of Pennsylvania. He began his career as a C.P.A. with PricewaterhouseCoopers in New York.