Price Family Foundation: New York City Grants

OVERVIEW: The Price Family Foundation's New York City grantmaking involves education, health and biomedical research, and supporting children and youth. The foundation is the vehicle of billionaire Michael F. Price, who lives in New Jersey.

FUNDING AREAS: Children & Youth, Education, Health & Science Research, NYC Community

IP TAKE: The foundation doesn't have much of a web presence or a clear way to get in touch. The foundation's executive director, however, appears accessible.

PROFILE: Billionaire Michael F. Price currently runs MFP Investors, a New York-based hedge fund, and lives in Far Hills, New Jersey. His philanthropic vehicle, Price Family Foundation, focuses many of its grants in New York City, and in a recent year, the foundation held more than $23 million in assets and gave away around $11.5 million.

Unfortunately for grantseekers, the foundation doesn't have much of a web presence or a clear way to get in touch. However, the foundation does have an executive director, Joanne Duhl, who might be accessible through Linkedin.

The Price Family Foundation's New York City grantmaking involves several key interests. One of these is supporting children and youth, and recent grants have gone to outfits such as Children's Aid Society, which "helps children survive and thrive," Children's Health Fund, Harlem RBI, which "provides inner-city youth with opportunities to play, learn and grow," Friends of the Children of New York, and Good Shepherd Services, which "leads in the development of innovative programs that make a difference in the lives of children, youth and families today."

Good Shepherd Services received more than $450,000 in a recent year. Sums have also gone to New Heights Youth, a sports-based youth development outfit, and Graham Windam, which "strives to make a life-altering difference with children, youth and families affected by abuse, neglect and delinquency by providing each child we serve with a strong foundation for life."

Price also has a strong interest in health in New York, with a select few hospitals receiving strong support. Large sums have gone to New York-Presbyterian Hospital including at least $14 million in recent years available. Sums have also recently gone to National Institute of Reproductive Health, and Montefiore Medical Center.

Funds in New York City have also gone to education. While some of this work takes places outside of New York City, with tens of millions going to University of Oklahoma, last decade, Price gave $25 million to Yeshiva University for a biomedical research center in his name. In 2014, Price gave $3 million to Albert Einstein College of Medicine of Yeshiva University and the University of Oklahoma to fund a "research collaboration to investigate the structural biology of the key proteins of anaerobic microorganisms." Apart from this work, recent support has gone to outfits including City Year New York, East Harlem Tutorial Program, Bottom Line, which works in college access and college success, Harlem Education Activities Fund, John Jay College Foundation, and Stephen Gaynor School. Convent of the Sacred Heart received around $1 million in a past year. 

Outside of these main focus areas, funds have gone to arts outfits in New York such as Jazz at Lincoln Center and 2nd Stage Theatre. Support has also gone to Central Park Conservancy and New York City Police Foundation.

PEOPLE:

  • Michael F. Price, Manager
  • Joanne Duhl, Executive Director

CONTACT:

The Price Family Foundation does not provide a clear avenue for getting in touch but below is an address.

The Price Family Foundation, Inc.

667 Madison Ave., 25th Fl.

New York, NY 10065