Wall Street Wallets
“The Joy of Helping Others.” Major Democratic Donor Donald Sussman on His Philanthropy
Born in New York but raised in Miami Beach, Donald Sussman showed a knack for making smart bets early on. He started following the stock market as a preteen and made a $300 investment in sugar, having correctly sensed the impact of the impending … [Read more...] about “The Joy of Helping Others.” Major Democratic Donor Donald Sussman on His Philanthropy
“Escape Pod.” Fraudster Bill Hwang’s Foundation Hired Co-Defendant, Paid Enormous Salaries
Meet the Black Box Billionaires: Are These America’s Most Secretive Megadonors?
Are the following five people really the most secretive megadonors in the United States? In all likelihood, no. That distinction probably belongs to names we have yet to learn — just like no one knew who Chuck Feeney was for years, or that Nat Simons … [Read more...] about Meet the Black Box Billionaires: Are These America’s Most Secretive Megadonors?
This NFL Team Owner and Hedge Fund Billionaire Is Expanding His Foundation. What’s Next?
Billionaire David Tepper runs a wildly successful hedge fund, owns the NFL’s Carolina Panthers and bought a $73 million Palm Beach mansion a couple years ago. But the 66-year-old and his family have only recently started ramping up their … [Read more...] about This NFL Team Owner and Hedge Fund Billionaire Is Expanding His Foundation. What’s Next?
Private Credit Philanthropy: The Ares Charitable Foundation Ties Funding to Investment Performance
As the world of financial services continues to expand, ever-new subcategories arise within it, each one generating its own new crop of philanthropists. We looked at the changing face of Wall Street giving back in 2019, for example, specifically … [Read more...] about Private Credit Philanthropy: The Ares Charitable Foundation Ties Funding to Investment Performance
Why This Billionaire Investor Was Moved to Give “Songs of Love” to Sick Kids
Billionaire Wall Street investor Leon Cooperman, 80, has several clear philanthropic interests. He’s been a major supporter of Jewish causes, and was one of the earliest American supporters of Birthright Israel along with his wife Toby. The couple’s … [Read more...] about Why This Billionaire Investor Was Moved to Give “Songs of Love” to Sick Kids
Carlyle Crew: A Closer Look at Daniel A. D’Aniello’s Giving for Higher Ed, Mental Health and More
Carlyle Group, a global investment firm based in Washington, D.C, is one of the world’s largest and most diversified global investment firms, with $381 billion in assets under management. Founded in 1987 by Bill Conway, Dan D'Aniello and David … [Read more...] about Carlyle Crew: A Closer Look at Daniel A. D’Aniello’s Giving for Higher Ed, Mental Health and More
How Wall Street Winner Anne Dinning Backs Anti-Poverty Work and More
While Wall Street is still very much white and male, we’ve been tracking a growing number of women and people of color who have also made millions, if not billions, in high finance. A while back, I wrote about several women who were members of the … [Read more...] about How Wall Street Winner Anne Dinning Backs Anti-Poverty Work and More
What Has Hedge Fund Billionaire David Tepper Been Up to Lately? Here’s a Rundown of His Giving
Billionaire David Tepper, 65, is still going strong at the helm of Appaloosa Management, a hedge fund firm that manages nearly $13 billion. The firm has offices in sunny West Palm Beach and New Jersey. Tepper came up in the working class Stanton … [Read more...] about What Has Hedge Fund Billionaire David Tepper Been Up to Lately? Here’s a Rundown of His Giving
Where Have Daniel and Jane Och Been Giving Lately? Here’s an Overview
Billionaire Daniel Och’s name recently came up in our dive into the latest moves by the Robin Hood Foundation, a leading institution for New York City antipoverty giving, which is now exactly the same age as this writer: 35. Over the years, Robin … [Read more...] about Where Have Daniel and Jane Och Been Giving Lately? Here’s an Overview
35 Years Later, What’s New With NYC Anti-Poverty Giant Robin Hood?
Robin Fitztooth. Robin Longstride. Sir Robert Hode. The legendary Robin Hood has traveled under many aliases, but always carries out his signature mission of robbing the rich to give to the poor. While robbing from the rich doesn’t quite apply here … [Read more...] about 35 Years Later, What’s New With NYC Anti-Poverty Giant Robin Hood?
“Remind People of Our History.” Checking in with “Patriotic Philanthropist” David Rubenstein
Carlyle Group cofounder and Co-Chairman David Rubenstein has the distinction of being one of the few major donors who has picked up a nickname: the patriotic philanthropist. For close to 20 years, he has funded the restoration of some of America’s … [Read more...] about “Remind People of Our History.” Checking in with “Patriotic Philanthropist” David Rubenstein
The Top 10 Hedge Fund Philanthropists
This article was originally published on March 14, 2023.Late last summer, a hedge fund legend passed away and a new era dawned for the philanthropies created by the industry’s billionaire winners.Julian Robertson, who was 90, was called by some the … [Read more...] about The Top 10 Hedge Fund Philanthropists
Six Things to Know About This Billionaire Hedge Fund Manager’s Philanthropy
Stanley Druckenmiller was once one of Wall Street’s most successful hedge fund managers, posting annual returns that averaged 30%. But in 2010, the former deputy of George Soros converted his operation to a family office and started building up his … [Read more...] about Six Things to Know About This Billionaire Hedge Fund Manager’s Philanthropy
A Q&A With Stanley Druckenmiller on Priorities, Big Bets and Feeling “Incredibly Privileged”
Editor’s Note: This article was originally published on March 1, 2023.When Stanley Druckenmiller shuttered his hedge fund in 2010, it was widely reported that the billionaire was retiring to focus on philanthropy. So when I spoke with him late last … [Read more...] about A Q&A With Stanley Druckenmiller on Priorities, Big Bets and Feeling “Incredibly Privileged”
Eight Top Black Philanthropists on Wall Street
When Black wealth is showcased, it’s often celebrities and athletes — the Michael Jordans, the Oprahs, the Lebron Jameses — who are front and center. To be sure, these figures are inspiring examples of Black financial success. But they aren’t the … [Read more...] about Eight Top Black Philanthropists on Wall Street
Billionaire Paul Singer Is an Activist Investor, GOP Megadonor and Philanthropist. What Does He Fund?
If you’ve heard of the activist investor Paul Elliott Singer, it might be for his infamous 14-year legal fight to force Argentina to repay sovereign debt he had acquired at fire sale prices, at one point even attempting to seize a vessel from the … [Read more...] about Billionaire Paul Singer Is an Activist Investor, GOP Megadonor and Philanthropist. What Does He Fund?
Education and Access: Inside a Black Wall Streeter’s Emerging Giving
It’s no secret that philanthropists can influence each other. This was part of the spirit when Bill and Melinda French Gates and Warren Buffett first launched the Giving Pledge, and it animates all sorts of other donor circles and collectives, … [Read more...] about Education and Access: Inside a Black Wall Streeter’s Emerging Giving
This Hedge Fund Billionaire’s Foundation Is a Black Box. Here’s What We Know About His Giving
Hedge fund billionaire Stephen Mandel Jr. and his wife, Susan, have granted nearly a half-billion dollars through their foundation over the past decade. Yet 99.9% of that sum went to a single recipient: Fidelity Charitable Gift Fund, the nation’s … [Read more...] about This Hedge Fund Billionaire’s Foundation Is a Black Box. Here’s What We Know About His Giving
Billionaire Education Philanthropist Barbara Dalio Isn’t Giving Up on Disengaged Students
In August, IP took a look back at the Partnership for Connecticut, which shuttered just one year after getting off the ground in part through funding and leadership from Dalio Education. We weren’t able to get in touch with Dalio Education in time … [Read more...] about Billionaire Education Philanthropist Barbara Dalio Isn’t Giving Up on Disengaged Students
Julian Robertson’s Philanthropic Tiger Cubs: How Five Hedge Fund Founders Give
The late Julian Robertson ran one of the largest hedge funds of his generation, Tiger Management. He has been credited — or condemned, depending on your perspective — for “bringing hedge funds into the mainstream.” But in addition to his role as a … [Read more...] about Julian Robertson’s Philanthropic Tiger Cubs: How Five Hedge Fund Founders Give
With Its Founder Gone and a New Leader in Place, the Robertson Foundation Is Set to Evolve
Julian H. Robertson, Jr., the billionaire hedge fund manager whose long run of double-digit returns helped inaugurate the age of the hedge fund, died last month at 90. An award-winning philanthropist and avid donor across many issue areas, Robertson … [Read more...] about With Its Founder Gone and a New Leader in Place, the Robertson Foundation Is Set to Evolve
The Mixed Philanthropic Legacy of Julian Robertson, a Standout Wall Street Giver
What happens when a Giving Pledger passes away? It isn’t a question we’ve confronted too often in the decade-plus history of the pledge, but it will be as the years go by and the time comes to evaluate the lives and legacies of these self-appointed … [Read more...] about The Mixed Philanthropic Legacy of Julian Robertson, a Standout Wall Street Giver
How This Star-Studded Justice Reform Outfit Rakes in Big-Donor Support
From Wall Street to Silicon Valley to Hollywood, the backgrounds of leaders in philanthropy and the nonprofit world can be diverse. But criminal justice reform organization REFORM Alliance might take the cake for the sheer variety of big-name … [Read more...] about How This Star-Studded Justice Reform Outfit Rakes in Big-Donor Support
Renaissance Philanthropy: The Many Major Donors to Emerge From a Single Hedge Fund
There are few contemporary Wall Street institutions more legendary than Renaissance Technologies, the famously profitable hedge fund founded in 1982 by mathematician Jim Simons. The firm has achieved peerless investing track records, including … [Read more...] about Renaissance Philanthropy: The Many Major Donors to Emerge From a Single Hedge Fund
Education and Endangered Wolves Are Top of Mind for This Wall Street Couple
Given all the debate around institutional philanthropy and what constitutes “strategic” giving, it can be easy to forget that for the majority of donors, giving is deeply personal and reflects the funders’ individual life stories. Such is the case … [Read more...] about Education and Endangered Wolves Are Top of Mind for This Wall Street Couple
This Criminal Justice Reform Funder Is Backing Those Impacted by the System to Lead the Way
Criminal justice reform is an area of philanthropy that has expanded dynamically during the past several years, attracting a wide range of donors funding several approaches. As Inside Philanthropy has reported, bail reform, policing reform and … [Read more...] about This Criminal Justice Reform Funder Is Backing Those Impacted by the System to Lead the Way
A Booming Crypto Platform Makes Its First Foray into Climate Funding. Here’s What It’s Backing So Far
Sam Bankman-Fried is not widely known in philanthropy circles, but he may be soon. The 29-year-old is the founder of FTX, one of the biggest cryptocurrency exchanges in the world, and he was one of President Joe Biden’s biggest public donors in 2020. … [Read more...] about A Booming Crypto Platform Makes Its First Foray into Climate Funding. Here’s What It’s Backing So Far
A Young Crypto-Billionaire’s Nascent Approach to Giving: 7 Questions for Sam Bankman-Fried
Editor’s Note: This article originally published August 31, 2021.—Sam Bankman-Fried is the founder of FTX, a booming cryptocurrency trading platform—and a potential mega-philanthropist in the making. The 29-year-old MIT graduate and dedicated … [Read more...] about A Young Crypto-Billionaire’s Nascent Approach to Giving: 7 Questions for Sam Bankman-Fried
