Eric Gleacher Foundation

OVERVIEW: The Eric Gleacher Foundation primarily funds grantmaking related to education, youth, veterans, and health.

IP TAKE: The foundation does not maintain a website, which restricts transparency about grantmaking strategies and guidelines.

PROFILE: Established in 2008, the Eric Gleacher Foundation was founded by Wall Street veteran Eric Gleacher and family. Eric worked at Lehman Brothers and Morgan Stanley, before going on to launch Gleacher & Co., a mergers and acquisitions and merchant banking firm. The foundation does not maintain a website, which makes it difficult to locate further information on its priority areas and grantmaking strategies. Tax filings suggest that the Eric Gleacher Foundation primarily funds grantmaking related to education, youth, veterans, and health.

The foundation's education grantmaking addresses schools with which the family has a personal connection, particularly University of Chicago and Northwestern, Eric’s alma maters, rather than more strategized educational grantmaking. He made a $10 million gift to create the Gleacher Veteran Scholars Fund. He and his wife Paula recently made a gift to Northwestern to create the Gleacher Golf Center. Prior to working on Wall Street, Eric was an infantry officer in the U.S. Marine Corps.

Grants range between $1,000 and $152,000. In a recent year, the foundation gave away around $230,000. Learn more about this funder’s local giving by examining its recent tax records. Grantmaking primarily focuses on Chicago and New York. Past local grantees include Chapin School, Marine Corps Law Enforcement Foundation, and NYU Langone.

The foundation keeps a low profile but does accept applications. These should be submitted in writing and provide a detailed description of project and amount of funding requested.

PEOPLE:

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CONTACT:

The Eric Gleacher Foundation
11453 Old Harbour Road
North Palm Beach, FL 33408
(631) 208-0056