The Generosity Index
Dec 17 2007
The Givers
Condé Nast Portfolio's look at the most and least philanthropic on Wall Street.
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Follow the Money
A breakdown of our list of most generous by industry.
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SETH KLARMAN, 50
Baupost Group (hedge fund)
Giving: $7.4 million
Assets: $105.8 million
As with others, Klarman likes his Boston causes, including the city's Combined Jewish Philanthropies ($1 million).
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RON PERELMAN, 64
MacAndrews & Forbes Holdings (private equity)
Giving: $6.7 million
Assets: $53,764
Gives to New York institutions like Carnegie Hall ($1.8 million) and causes like the New York University Child Study Center ($1 million).
Bonus fact: A raft of Perelmans—Debra G., Hope G., Joshua G., and Steven G.—serve as officers of the foundation.
21. Weinberg Family Foundations
JOHN AND PETER WEINBERG, 49 and 48
Goldman Sachs/Perella (investment bank)
Giving: $6.4 million
Assets: $118.8 million
The Weinbergs are Goldman Sachs royalty and count four different family foundations among them. Many gifts go to health organizations like New York-Presbyterian Hospital (more than $600,000).
22. Raether 1985 Charitable Trust
PAUL RAETHER, 45
Kohlberg Kravis Roberts (private equity)
Giving: $6.2 million
Assets: $33.1 million
Raether makes substantial contributions to Connecticut's Trinity College, including more than $2 million in 2004.
Bonus fact: This guy must love skiing, because he's donated to both the U.S. Ski and Snowboard Team Foundation ($534,000) and the Stratton Mountain School ($1,000).
23. Corzine Foundations
JON CORZINE, 60
Governor of New Jersey
Formerly of Goldman Sachs (investment bank)
Giving: $6.2 million
Assets: $20 million
As would befit a governor of the Garden State, the majority of causes Corzine supports are located there, including the New Jersey Performing Arts Center ($500,000) and David G. Evans Ministries ($500,000).
Bonus fact: Corzine's ex-wife, Joanne, runs one of these foundations, with about $6 million in assets.
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ALAN SLIFKA, 78
Halcyon/Alan B. Slifka Management (hedge fund)
Giving: $5.4 million
Assets: $13.6 million
Gave more than $850,000 to the Jewish Center of the Hamptons and $500,000 to Hillel of Greater Philadelphia.
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