OVERVIEW: The Steven A. and Alexandra M. Cohen Foundation prioritizes funding in Connecticut and New York City; however, its arts philanthropy has been known to reach Los Angeles.
IP TAKE: Former hedge fund manager Cohen has a fortune of over $10 billion and an intense interest in art, making him an arts philanthropist to watch carefully. This funder does not accept unsolicited proposals.
The Steven and Alexandra Cohen Foundation was established in 2001 by former hedge fund manager Steven A. Cohen and his wife, Alexandra. Based in Stamford, Connecticut, this foundation aims to "show the world what giving can do" and inspire generosity and volunteerism in others. Its funding initiatives are children's health, education, veterans, arts, Lyme disease and neighbors, which supports organizations in Connecticut and the New York City area.
The Cohens have amassed a huge art collection that ranks as one of the top private collections in the world. Cohen recently bought Pablo Picasso’s painting “Le Reve” for $155 million from hotel and casino magnate Steve Wynn. Other purchases include Willem de Kooning’s “Woman III,” bought from David Geffen for $137.5 million in 2006.
The foundation gave more than $2.4 million to New York’s Museum of Modern Art in past years, around a million to the Met, and more than half a million to New York’s Museo del Barrio, located just due north of the Museum Mile in East Harlem. Founded in 1969, El Museo specializes in Latin American and Caribbean art and emphasizes works from Puerto Rico and the Puerto Rican community in New York City. Alexandra is of Puerto Rican descent and grew up in Washington Heights.
Some of the Cohens' biggest grants have gone to the Museum of Contemporary Art (MOCA) in Los Angeles where Cohen recently joined the board. Smaller grants support Lincoln Center, the Guggenheim Foundation, the Katonah Museum of Art and the Bruce Museum of Arts and Science in Greenwich, Connecticut.
Keeping with the foundation's interests in education and youth, Cohen supports several arts education programs such as ArtsConnection, Studio in a School, Creative Time and P.S. Arts in Venice, California.
The foundation does not appear to accept unsolicited proposals.
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Steven A. and Alexandra M. Cohen Foundation
P.O. Box 142
Greenwich, CT 06832
Telephone: (203) 422-0185