Jaclyn Foroughi

Lecturer, Accounting

Jaclyn Foroughi

Lecturer in Management

Academic Area:

Teaching Statement

Jaclyn Foroughi, CFA, CAIA, blends deep experience in traditional investing, philanthropy, and impact investing with experiential learning through the Action Learning Program. Her teaching involves projects in which students work with organizations that are focused on achieving impact, including impact for-profits, investment funds, and evaluators. Extending her commitment to experiential learning, Foroughi also designs and delivers hands-on financial education courses to underserved communities throughout California and Nevada.


Foroughi is the cofounder and managing partner of Brazen Impact, LLC, an impact investment fund focused on increasing the amount of capital being invested in people, products, and services that generate significant social and environmental benefits. She is also the founder and CEO of Brazen FINLIT, a nonprofit dedicated to empowering youth and underserved communities through financial education and professional mentorship opportunities. Foroughi has been an active angel investor focused on technology startups for over a decade with multiple exits over $100 million.

At Stanford Graduate School of Business, Foroughi codeveloped and teaches Analysis and Measurement of Impact in which students tackle issues related to investment evaluation and performance measurement, as well as analyze the financials of organizations within the fast-growing and rapidly evolving impact investing market. Since joining Stanford GSB in 2013, Foroughi has developed over four dozen cases in the areas of accounting, finance, social innovation, marketing, and strategy. This work has been published and used for pedagogical purposes by universities, professors, and business thought leaders.

Foroughi has over twenty years of finance and accounting experience, holding buy- and sell-side positions in investment management and investment banking. She was a sales-trader at Salomon Smith Barney (now Citigroup Global Markets) followed by a portfolio manager in International Equity iShares at Barclays Global Investors (now Blackrock) where she managed over $7 billion in exchange-traded funds and launched the first Chinese-focused ETF. Later, she was vice president and senior quantitative analyst for a $1.5 billion long-short equity hedge fund followed by senior research analyst at the Charles Schwab Center for Financial Research. Foroughi is a Chartered Alternative Investment Analyst charter holder, Chartered Financial Analyst charter holder and member of the CFA Society of San Francisco.

In addition to finance, Foroughi has over a decade of experience contributing to, advising, and advocating for nonprofits. She is a board member at the Global Fund for Children, a nonprofit that partners and invests in community-based organizations around the world to help children and youth reach their full potential and advance their rights. Foroughi is a strong advocate in the promotion of balanced students and is focused on character building and lifelong learning. In an effort to balance her own life, she is a competitive ultramarathon distance runner with several notable 100K and 100-mile distances won or completed. She is a strong supporter of female athletic and ultramarathon research through the Western States Research Foundation (in affiliation with Stanford Athletics). She is also a licensed private pilot.

Academic Degrees

  • BA, University of California, Berkeley, 2002

Academic Appointments

  • Lecturer, Stanford Graduate School of Business, 2020–present

Professional Experience

  • Cofounder and Managing Partner, Brazen Impact, LLC, 2020–present
  • Founder and CEO, Brazen FINLIT, 2020–present
  • Angel Investor, 2009–present
  • Case Writer, Stanford Graduate School of Business, 2013–2019

Stanford Case Studies

In the Media