Stewart J. Rahr Foundation: New York City Grants

OVERVIEW: Established in 2010, the Stewart J. Rahr Foundation is the philanthropic vehicle of pharmaceuticals billionaire Stewart Rahr.  The young foundation states three interests: youth, education and medical research.

FUNDING AREAS: Education & Youth, Medical causes, Jewish causes

IP TAKE:  The foundation's grantmaking is just getting started, and in a recent year, the Rahr held some $114 million in assets and gave away more than $14 million. Rahr has a website and is open to applications.

PROFILE: New York University graduate, Stewart J. Rahr is the founder of drug wholesale business, Kinray, which was purchased by Cardinal Health in 2010 for $1.3 billion. As well in 2010, Rahr established the Stewart J. Rahr Foundation whose mission statement briefly reads: "Investing in our world's future... supporting our youth, education, and medical research."

A component of Rahr's philanthropy involves New York City, with education, youth, and health outfits receiving sums. Money has also gone to Jewish causes. In education, New York City grantees include George Jackson Academy, Baruch College Fund, PS8 PTA, Public School 003, and the Chapin School. Funds have also gone to outfits that support youth such as Keep A Child Alive, an Alicia Keys cofounded outfit which brings "dignified treatment, care and support to children and families affected by HIV," and the Joe Torre Safe at Home Foundation, which deals with domestic violence.

In health, New York City hospitals such as New York-Presbyterian Hospital, Hospital for Special Surgery, and New York City Health and Hospitals Corporation have been funded. Support has also gone to Memorial Sloan Kettering Cancer Center, and Gabrielle's Angel Foundation for Cancer Research. A large $10 million gift went to Make A Wish Metro New York and it's worth noting that the Rahr Foundation also has an interest in supporting children's health. Autism is another health interest and New York grantees include AABR, which serves "people with developmental disabilities and children with autism in Metro NYC."

Grants have also gone to Jewish outfits such as the UJA Federation of New York, Friends of the Israel Defense Forces, and Museum of Jewish Heritage. Funds have also gone to New York antipoverty outfit Robin Hood Foundation.

Grantseekers interested in support from Rahr can be begin by filling out a grant application form on the foundation's website. In a recent year, the foundation reported over $107 million in assets and gave out nearly $6.5 million.

PEOPLE:

  • Steven Burns, Director of Operations
  • Lawrence Fossi, Managing Director

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