Legendary record producer and executive Clive Davis may not have performed as a musician, but he was a seminal figure in the history of rock, and was even inducted into the Rock and Roll hall of fame for his impact on the industry.
A Harvard Law School graduate, Davis initially worked at Columbia Records in the legal department, working his way up the ladder to become president. While there, Davis signed artists such as Aerosmith and Janis Joplin. In the 1970s, he started Arista Records, where he mentored artists like the late Whitney Houston. Davis later created J Records and currently serves as the chief creative officer for Sony Music.
This music mogul has amassed quite a bit of wealth over the years, and currently has a net worth of $800 million according to one estimate. Davis is now in his 80s and moves his philanthropy through the Clive J. Davis Foundation, established in 1995. The foundation doesn't have much of a web presence or a clear contact route, but here are a few must-knows:
1. Education and Youth Are Interests
Davis has heavily supported his alma mater NYU, home of the Clive Davis Institute of Recorded Music, the "first and only program of its kind to provide professional business and artistic training toward a BFA in Recorded Music." Another $2 million was approved to go to NYU in the most recent fiscal year available, while $5 million went to the school in 2011. Recent support has gone to the New Renaissance Basketball Association.
2. Davis Gives Grants To Health
Recent grantees include the American Cancer Society, Gabrielle's Angel Foundation for Cancer Research, NYU Langone Medical Center, and the Brad Kaminsky Foundation, which also has an interest in cancer. Davis has also supported fellow music mogul Tony Martell's T.J. Martell Foundation, which funds "innovative groundbreaking research for leukemia, cancer and AIDS.
3. He's Given Assorted Sums to Arts, Culture and Other Causes
Davis has given to such arts and culture grantees as the Grammy Museum, Friends of Georgia Music Festival, Songwriters Hall of Fame, and Rock and Roll Hall of Fame Foundation. He's also given to New York City community outfits, such as the Fund for Park Avenue, and the Doe Fund, a "New York nonprofit organization helping formerly homeless men and women achieve independence and self-sufficiency."
Davis' has given the largest to his alma mater. Annual grantmaking of late through his foundation has been as low as $20,000 and as high as $968,000. Note that Davis may have other avenues of giving, and some important gifts may be missing from this rundown.
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