Sparrow Foundation welcomes new board members

Published: Jan. 29, 2016

Sparrow has appointed community and business leaders Gary Rakan and Frederick Schaard to the Sparrow Foundation Board of Directors.

“We are grateful for the service these individuals are devoting to the Sparrow Foundation,” said Stella Cash, Vice President of Development and Strategic Partnerships. “We are confident that they will share the same sense of mission and pride that we have been fortunate to find in all our board members.”

The appointments were effective Jan. 1.

Rakan, of East Lansing, is Managing Director of Vesticor Advisors in Lansing. He is also President and Founder of Infinity Capital Partners, a Lansing-based asset management firm. He earned a bachelor’s degree in business administration from Central Michigan University and has worked with a number of leading asset management firms since 1993.

Schaard, of East Lansing, is Managing Principal and President of Rehmann Financial in Lansing. He is also Managing Partner in Avatar, LLC, a restaurant and hospitality investment group. He earned a bachelor’s degree in marketing and finance from Michigan State University and has worked in the financial planning field since 1982. Schaard also serves as a board member of the Special Olympics of Michigan and the Cristo Rey Community Center. He was also this year’s top fundraiser for Dapper Dads, an annual Foundation event that supports the physical and psychological health of women in mid-Michigan.

The Board of Directors serves as an advisory board, supporting the direction and guiding the activities of the Sparrow Foundation.

For more than 50 years, the Sparrow Foundation has served as the charitable home of Sparrow Health System. Gifts from individuals, organizations, corporations and foundations are invested into programs, facilities and technology that support the exceptional care provided to every individual, regardless of an ability to pay. Contributions to the Sparrow Foundation are making a difference in the lives of our Patients, their families, and our region, each and every day. To discover how you can help, visit