Four Things to Know About Ted Taube's Philanthropy and the Taube Family Foundation

The Taube Family Foundation is the philanthropic vehicle of Giving Pledge signatory Ted Taube. Taube's personal story is extremely relevant to his life and his philanthropy. He was born in Poland on the eve of Nazi invasion. He and his family escaped, but most of their family was lost. Given his experiences, it isn't surprising that Taube is a strong supporter of Jewish causes. But that's not the only area he and his foundation are into.

Taube has been long engaged in philanthropy, spreading money to a number of causes. After graduating from Stanford, and starting his own real estate company, Taube met Joseph Koret, a Bay Area apparel magnate. Taube eventually became Koret's right-hand financier and later helped Koret start a charity, the Koret Foundation, which is a huge supporter of Jewish causes in the bay area, as well as in Poland and Israel. When Koret died, Taube became president of the Koret Foundation, and currently serves as president emeritus.

Besides Koret, Taube also started several charities of his own, including the Taube Foundation for Jewish Life & Culture, and the Taube Family Foundation. The Taube Family Foundation has made the Bay Area its philanthropic focus, where a little under $2 million has gone out the door annually in recent years. Here are a few must knows:

1. Jewish Causes are a Big Interest

The Taube Family Foundation has recently given grants in the Bay Area to outfits such as the Brandeis Hillel Day School, Chabad of SF, Shalom School, and Jewish Family & Children's Services, SF. Taube helped establish the Taube Center for Jewish Studies at his alma mater Stanford, with a $2.5 million gift. Education is important to this funder, and Taube's commitment to Stanford spans decades. Taube helped create the Jewish Studies Program on campus and gifted a collection of 40,000 Jewish scholarly books to Stanford Library.

2. Policy is Another Important Area

In his Giving Pledge letter, Taube talks about the importance of "personal responsibility" and that supporting "education reform initiatives, public policy programs, advocacy forums, and constitutional education workshops now represent an increasing level" of his philanthropy. Taube appears to hold conservative views, and has been heavily involved with the with the Hoover Institution at Stanford University, "a public policy think tank promoting the principles of individual, economic, and political freedom." Taube is also former chairman of the advisory board of the Stanford Institute for Economic Policy Research (SIEPR).

Apart from Stanford, sums have gone to the Commonwealth Club of California, and in Southern California, to the Claremont Institute, a conservative think tank.

3. Health Has Also Seen Large Sums

Taube has given heavily to the Gladstone Institutes, a biomedical research organization that aims to better understand, prevent, treat and cure cardiovascular, viral and neurological conditions. Taube also helped create the Taube-Koret Center for Huntington’s Disease Research (TKC), which  has the lofty goal of curing Huntington's Disease by 2020. At least $700,000 went to Gladstone alone in 2013. More modest sums have gone to UCSF Cardiology Center recently.

4. There's Likely More to Come

Taube is a Giving Pledge signatory, which means that a majority of his money is destined for charity. What makes Taube's philanthropy interesting is that it's not only his family foundation that's in play, but also the Taube Foundation for Jewish Life & Culture and the Koret Foundation. Taube and the Koret Foundation—which has held assets upwards of $500 million in recent years—have collaborated on Bay Area projects before, not only at Gladstone, but also to create the Koret-Taube Media Suite for the San Francisco Opera, which makes opera accessible to the public at no cost.

Taube has also given to arts and culture outfits such as the San Francisco Opera Association, and the San Francisco Museum of Modern Art. In addition, Taube founded the United States Football League (USFL) in 1982 and was a principal owner of the Oakland Invaders. Taube used to chair the Stanford Athletic Board and helped create Stanford’s Taube Family Tennis Stadium. These interests should also be watched in the coming years. 

Related - Taube Family Foundation: Bay Area Grants