Education and Public Service: How The Welldes Do Their Giving

George W. Wellde Jr., became a partner at Goldman Sachs in 1992 and served as vice chairman of the Securities Division from 2005 until his retirement in 2008. It's unclear how much he's currently worth, but before Goldman Sach's IPO in 1999, he held a 0.550 percent stake in the company. To put that in perspective, another former Goldman partner I wrote about, Richard Friedman, owned a 0.9 percent stake reportedly worth about $148.5 million.

Wellde and his wife, Patricia, have also been involved with philanthropy and move their philanthropic contributions through the Kat Foundation, which was established in the early 1990s. The foundation doesn't have much of a web presence, or a clear way to get in touch. However, in a recent year the Kat Foundation gave away around $550,000 and held around $21.4 million in assets. It appears that a bit more money moved out of the foundation when Wellde was in his later days with Goldman Sachs.

One of the couple's interest areas is public service, and the forces here are personal, at least in part. Wellde's father worked for the Department of State and Patricia’s father worked for the Department of Housing and Urban Development. The couple have steadily supported Partnership for Public Service, a "nonprofit, nonpartisan organization based in Washington, D.C. whose mission is to inspire a new generation of civil servants and transform the way government works."  The Welldes also endowed a two-year professional fellowship program at George Washington University, Wellde's alma mater, to promote careers in public service.

The couple, through their Kat Foundation, also earmark sums for education. Past grantees include University of Arizona Foundation, The Spence School, Democracy Prep Charter School,, Georgetown University, and University of Richmond, Wellde's undergraduate alma mater and the site of the Patricia A. and George W. Wellde, Jr. Distinguished Chair in Finance.

Wellde and Patricia also support health and the environment through their foundation. Past health  grantees include Continuum Center for Health and Healing, Autism Speaks, Mount Sinai, Pediatric AIDS Foundation, and Brigham & Women' s Hospital. Recent environmental grantees include Wildlife Rescue Center, and Environmental Working Group.

Related: George W. Wellde, Jr.