NET WORTH: $3 billion
SOURCE OF WEALTH: Saban Capital Group
FUNDING AREAS: Jewish causes, Women's Empowerment, Los Angeles Community (Health and Education)
OVERVIEW: Haim Saban and his wife Cheryl move many of their philanthropic contributions though the Saban Family Foundation. Saban's philanthropy focuses on Jewish causes both domestically and abroad. In 2007, the foundation made headlines with a $14 million grant to complete the children's hospital at Soroka Medical Center in Beersheba. At home, Saban has given millions to Friends of Israel Defense Forces. He's also deep into policy issues that advocate for Israel. Apart from Jewish causes, Saban has been a strong funder of children's hospitals, particularly in Los Angeles. He and Cheryl have also funded women's empowerment groups and education outfits.
BACKGROUND: A native of Alexandria, Egypt, Haim Saban immigrated to Israel where he attended agricultural school and served in the Israeli Defense Force. Saban relocated to France in the 1970s and established an independent record company that soon catapulted to the top of the European labels industry. Saban arrived in Los Angeles in 1983, where he launched a chain of recording studios that rapidly became the top supplier of music for television. In 1988, he formed Saban Entertainment, producing several major hits, including X-Men and Mighty Morphin Power Rangers. Saban later sold Fox Family Channel, a joint venture with News Corp., to Disney in 2001 for $5 billion. His Saban Brands owns and manages the Power Rangers brand.
JEWISH CAUSES: As a longtime supporter of Israeli issues, the Sabans' international focus is on pro-Jewish causes. In 2007, the foundation made headlines with a $14 million grant to complete the children's hospital at Soroka Medical Center in Beersheba. Millions have gone to Friends of Israel Defense Forces, including around $1.32 million in 2013, proving "social, educational and recreational programs and facilities for Israel soldiers including services to the widows and children of fallen solders." Remember, Saban once served in the Israeli Defense Force, as do all Israeli men and women over the age of 18. Saban has also funded Jewish organizations in Los Angeles such as the Jewish Community Foundation and the Sephardic Educational Center. Money has also gone towards shaping policy, and Saban established the Saban Center for Middle East Studies and the Saban Forum at the Brookings Institution. The Saban Center has since dropped the Saban name. $1.75 million went to Brookings in 2013.
WOMEN'S EMPOWERMENT: Cheryl Saban heads up a separate foundation called the Cheryl Saban Self Worth Foundation for Women and Girls which focuses on women's empowerment, gender equality, education, and healthcare. The Saban Family Foundation also considers these issues and has directed grants toward places like Rape Foundation, Girls Inc, and Cedars-Sinai Medical Center for researching female-pattern heart disease. The Saban Family Foundation is also a partner of Girls Who Code.
LOS ANGELES COMMUNITY: Apart from Saban's focus on Jewish causes and women's empowerment, the Sabans have given to other Los Angeles outfits including Children’s Hospital of LA, Los Encinos School, and Los Angeles Team Mentoring.
LOOKING AHEAD: Expect the Saban family's steady philanthropy to continue.
Saban Family Foundation
10100 Santa Monica Blvd., Ste. 2600
Los Angeles, CA United States 90067