SOURCE OF WEALTH: Comcast
FUNDING AREAS: Education & Youth, Arts & Culture, Health & Human Services
OVERVIEW: Michael Angelakis and his wife Christine move their philanthropy through the Angelakis Family Foundation, which lacks transparency and does not have a web presence. The couple also support their mutual alma mater Babson College. Other interests include the arts, and health.
BACKGROUND: Michael J. Angelakis graduated from Babson College. He was CEO of State Cable TV Corporation and Aurora Telecommunications. He also served as managing director and a member of the Management and Investment Committees of Providence Equity Partners. He went on to serve as Comcast’s vice chairman and CFO. Angelakis founded Atairos, an independent private company focused on supporting growth-oriented businesses across a wide range of industries, with offices in New York and beyond Philadelphia.
ISSUES:
EDUCATION & YOUTH: The couple support their alma mater Babson College, where Christine sits on the board. The family prioritizes giving to William Penn Charter School (the couple are parents and Christine is an overseer). Other grantees include Steppingstone Scholars, Big Brothers Big Sisters Southeastern PA, Inner City Scholarship Fund, UPenn, Bowdoin College, and The Reverend Pinckney Scholars Program, which “promotes access to higher education for African American students by awarding scholarships and providing strong.” The Angelakis family have also supported Squash Smarts. The couple’s daughter Demi played squash at Bowdoin. The couple’s son Luke, meanwhile, graduated from UPenn.
ARTS & CULTURE: Grantees include Philadelphia Museum of Art, Gladwyne Free Library, and Barnes Foundation, which is “home to one of the world’s greatest collections of impressionist, post-impressionist and early modern paintings.”
HEALTH & HUMAN SERVICES: The Angelakis family, via their foundation, have supported Kid’s Smiles, Children’s Hospital of Philadelphia Foundation, Robin Hood Foundation, American Cancer Society, Leukemia & Lymphoma Society, and Philabundance, a food bank.
OTHER: The couple have also funded environmental organizations like The Kiawah Conservancy. They have also supported religious outfits like St. Christopher’s Church and Greek organizations like The Hellenic Initiative, a “global, non-profit, non-governmental secular institution whose mission is to develop sustainable economic and business improvement programs to empower the Greek people toward long-term prosperity.”
LOOKING FORWARD: Expect the family to stick with their select interest areas, with an eye towards the Greater Philadelphia region.
CONTACT:
Angelakis Family Foundation
1250 Lafayette Road
Gladwyne, PA 190335
(215) 286-7580
LINK:
