SOURCE OF WEALTH: Goldman Sachs, HPS Investment Partners
FUNDING AREAS: Education & Youth, Arts & Culture, Health
OVERVIEW: Scott Kapnick and family conduct their philanthropy through the Kapnick Foundation Trust. According to available tax filings, the foundation awarded nearly $3.9 million in grants in 2017. The family supports educational institutions, arts and culture organizations, and more. Chicago, the Northeast, and Southwestern Florida are major sites of giving.
BACKGROUND: Scott B. Kapnick graduated from Williams College and holds a JD/MBA from the University of Chicago. He had a 21-year career at Goldman Sachs, making partner in 1994. Kapnick is CEO of HPS Investment Partners, which he founded in 2007.
ISSUES:
EDUCATION & YOUTH: The Kapnick family have given strong support to the University of Chicago, particularly its law school, from where Kapnick, Kathleen, and brother Richard all graduated. The school is now home to the Kapnick Leadership Development Initiative. The family have also supported groups like Room to Read, College Summit, The Brearley School, University of Virginia, Northwestern University, Williams College, Duke University, and Stanford Institute for Economic Policy Research.
ARTS & CULTURE: Kapnick’s father, the late Harvey Kapnick, was once chairman of accounting giant Arthur Andersen. Harvey became a prominent citizen of Naples, Florida, and played a key role in the creation of the Naples Botanical Garden. The family has continued strong support of the garden via their foundation. Another force here may be Harvey’s second wife, Mary, who had an interest in classical and big band music and whose father sang with the Paul Whiteman Orchestra. Other Kapnick Foundation grantees have included The Met Opera, Chicago Symphony Orchestra, and Piedmont Opera.
HEALTH: Grantees have included Melanoma Research Alliance Foundation, Hospital for Joint Diseases, and Overlook Foundation, which supports Overlook Hospital in Summit, NJ.
LOOKING FORWARD: Expect money to continue to flow to the Kapnick family’s select interest areas.
CONTACT:
The Kapnick Foundation Trust does not provide a clear avenue of contact but below is an address:
The Kapnick Foundation Trust
P.O. Box 73, Bowling Green Sta.
New York City, NY 10274
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