A prominent D.C. region businessman and Loudoun County philanthropist was honored this week with the 2019 Loudoun County Good Scout Award from the National Capital Area Council of the Boy Scouts of America.
Fred Schaufeld, managing director of the private equity firm SWaN & Legend Venture Partners, received the award during a Wednesday night ceremony at Stone Tower Winery in Leesburg. Schaufeld and his wife Karen live on a farm near Lucketts.
“Fred Schaufeld demonstrates extraordinary integrity, character and civic mindedness,” William Langhorne, chair for the 2019 Loudoun County Good Scout ceremony, said in a prepared statement. “He is an exceptional role model for today’s Scouts and outstanding example of the good works, values and service that the Award is designed to honor.”
Schaufeld grew up in Westbury, New York, and attended Lehigh University in Bethlehem, Pennsylvania. He started his first company, NEW Asurion, while in law school, and the firm has since grown to employ more than 16,000 people. It is the largest consumer product protection company in the world, according to event representatives.
Schaufeld is a partner in Monumental Sports and Entertainment – owners of the Washington Wizards, Washington Capitals and Washington Mystics – and sits on the boards of The Noodle Companies, CustomInk, Framebridge, KIND Healthy Snacks, Quad Learning and José Andrés’ ThinkFood Group.
The Schaufelds have invested in programs to support and improve early childhood development, education, literacy, peace, the environment and the arts.