OVERVIEW: The Paul E. Singer Foundation is the charitable outfit of hedge fund billionaire Paul Singer, CEO of Elliott Management, and a Giving Pledge signatory. Much of the foundation's grantmaking takes place in New York City.
FUNDING AREAS: Education, health, Jewish causes, LGBT rights
IP TAKE: Singer is known for his political views and giving. But he's also a philanthropist active in New York City and in recent years education, health and several other causes have received support.
PROFILE: Singer grew up as one of three children in the New York City area. He received his B.S. in psychology from the University of Rochester and a J.D. from Harvard Law School. He eventually founded the hedge fund Elliott Management Associates in 1977 with $1.3 million he gathered from friends and family. Singer resides in Manhattan and has had a net worth of around $2.2 billion.
On the one hand, Singer has been a vocal supporter of Republican causes and sits on the board of the Manhattan Institute for Public Policy Research, a conservative think tank. On the other, he's also supported gay rights.
The Paul E. Singer Foundation describes itself as "supporting research and scholars in the areas of free-market economics, the rule of law, U.S. national security, and the future of Israel, as well as LGBT equality efforts and health-care delivery innovation." Singer is a Giving Pledge signatory, which means that we can expect a lot of Singer money to eventually find its way to philanthropic causes. He's also increased the staffing of his foundation in the past few years.
In recent years, the Singer Foundation has given large sums to select New York City outfits. In health, Memorial Sloan Kettering Cancer Center received at least $2.5 million in a past year and received similar amounts in past years. The Leukemia & Lymphoma Society in White Plains received $1 million one year and a similar amount the year prior. Other health outfits in suburban and rural New York, such as Blythedale Children's Hospital in Westchester County and the Bachmann-Strauss Dystoma and Parkinson Foundation in Albany, have also received modest support. In Boston, Dana Farber Cancer Institute has been a preferred recipient.
It's worth noting that another site for Singer's philanthropy has been upstate New York, probably in part because of Singer's alma mater, University of Rochester, which has seen support from the foundation as well. In New York City, outfits such as Harlem Children's Zone and Harlem Village Academies have been supported. Money has also gone to Teach for America, Prep for Prep and the East Harlem Tutorial Program. Some of Singer's largest sums in this area, however, have gone to Success Charter Network, which operates 32 schools in four New York City boroughs. And the foundation established the Singer Prize for Excellence in teaching at University of Rochester.
Singer has also been active in the LGBT marriage equality fight in New York City. Singer was forced to evaluate his stance on gay marriage when his 21-year-old son came out to him. Since then, Singer has enlisted other prominent businessmen, including Daniel Loeb. In 2011, Singer, Loeb and several others worked closely with Governor Andrew Cuomo and the New York Legislature on the state's successful effort to legalize gay marriage.
Much of Singer's libertarian policy support goes to Washington D.C. outfits, but in New York, the Manhattan Institute received $800,000 in 2012 and $325,000 the year prior. Large sums have also gone to Jewish causes, supporting outfits such as Alsh HaTorah NY, the America-Israel Friendship League and the American Israel Education Foundation in Washington D.C.
Finally, assorted sums have gone to the Whitney Museum of Art, the Robin Hood Foundation, the New York Historical Society, and the Young People's Chorus of New York City.
While the foundation has a website, it doesn't list staff contacts or information on how to apply for a grant. You might try to connecting to foundation staff via LinkedIn.
- Paul E. Singer, President & Treasurer
- Carrie Filipetti, Director, Portfolio Management
- Daniel Bonner, Program Manager, Jewish & Israel Philanthropy (firstname.lastname@example.org)