A Billionaire With Foundational Ties to the City Has a Foundation That Gives in NYC

Billionaire Chase Colman III, 41, is a former "Tiger Cub" who has already soared into the hedge fund world's upper echelon through his Tiger Global Management. Coleman is descendant of Peter Stuyvesant, the last Dutch governor of New York. Fittingly, the Chase and Stephanie Coleman Foundation, which Coleman runs with his wife, is also strongly focused on the Big Apple.

Remarkably, the Coleman Foundation has already been around for a decade, and its grantmaking is on the rise. At the start of the decade, the foundation gave away around $1 million. In the most recent fiscal year available, the foundation gave away some $5.7 million. With a $2 billion net worth, Coleman is someone to watch carefully and he's already established a philanthropic footprint at a young age.

Coleman and Stephanie support their respective liberal arts schools, Williams and Wellesley. Coleman has also supported Deerfield Academy, which he also attended, as well as Chapin School. But away from these prestigious Northeast institutions, the Colemans also give grants that support public education and youth in the New York City area. They've supported places like KIPP NY, The East Harlem School, Harlem RBI, The Boys Club of NY, Inner-City Scholarship Fund, and IMentor. 

Another area of interest for this couple in New York City is health. Coleman sits on the board of Hospital of Special Surgery, which the couple has strongly supported. Another big winner is New-York Presbyterian Hospital, where Stephanie has sat on the board of trustees for a few years. Other grantees include Memorial Sloan Kettering, and The Michael J. Fox Foundation. 

Interestingly enough, arts and culture does not seem to be a major component of the couple's work via their foundation, though it's worth noting that Stephanie once did PR for Vera Wang's fashion house. 

New York City grantseekers should keep an eye on the Colemans for greater giving down the line.

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