OVERVIEW: The Richard A. and Susan P. Friedman Foundation focuses primarily on education, hospitals, health associations, and Jewish causes. Goldman Sachs veteran Richard Friedman and his wife Susan's philanthropy mainly supports outfits in New York City.
FUNDING AREAS: Education, Youth, Jewish Causes, Health, Human Services, NYC Community
IP TAKE: The foundation has a minimal web presence, and provides no clear guidelines for grantseekers.
PROFILE: Richard A. Friedman earned his B.A. from Brown University in 1979 and his MBA from the University of Chicago in 1981. Friedman joined Goldman Sachs the year he graduated from business school. Friedman and his wife Susan move their philanthropy through the Richard A. and Susan P. Friedman Family Foundation, which was established in the early 1990s and has a New York focus. The couple's philanthropy through their foundation focuses primarily on education, hospitals, health associations, and Jewish causes.
In terms of education grantmaking in New York City, Friedman and Susan have supported Horace Mann School in the Bronx and Comprehensive Development, a "nonprofit organization that provides free academic, career readiness and social services to 3,500 New York City public high school students and alumni." The couple has also supported youth outfits such as New Yorkers For Children, Girl Scouts of Greater New York, Harlem RBI, Harlem Children's Zone, and Street Squash. It's worth mentioning that outside of New York the Friedmans have also strongly supported Brown University.
The Friedmans also earmark funds for health in New York City. In a past year, the Friedman and Susan pledged $20 million to Mount Sinai Medical Center to establish the Friedman Brain Institute. Friedman has sat on the board of trustees of Mt. Sinai. The couple was also influenced by their son Josh, who has an avid interest in neuroscience and is a medical student at Icahn School of Medicine at Mount Sinai. Other health grantees include Hospital for Joint Diseases, Autism Speaks, and New York Presbyterian.
At the end of a recent year, the funder had over $22 million in assets and more than $5.5 million in total giving. That giving was spread across 48 grants between $100 and $225,000 each.
The couple is also supportive of Jewish causes in New York City. Past grantees include Park Avenue Synagogue, Central Synagogue, and UJA - Federation of New York. The Friedmans also support human services and community organizations in New York City. They've supported New York Needs You, the Robin Hood Foundation, and New York Yankees Foundation.
Arts and culture hasn't been a huge part of the couple's philanthropy of late but the Friedmans have supported MoMA and Manhattan Theatre Club.
- Richard A. Friedman, Trustee
Richard A. and Susan P. Friedman Family Foundation does not provide a clear avenue for getting in touch with the couple but below is an address:
Richard A. and Susan P. Friedman Family Foundation
Bowling Green Sta., P.O. Box 73
New York City, NY 10274