OVERVIEW: The Robbins Family Foundation was set up by hedge fund star Larry Robbins and gives out health grants, mostly in New York and Illinois, with a primary focus on cancer.
IP TAKE: Robbins is still relatively young, and he's making a lot of money. So look for much bigger giving down the line by this billionaire.
PROFILE: Chicago native Larry Robbins learned the art of horse race betting from his father, and those lessons have served him well in the hedge fund world. Robbins, a Wharton graduate, is one of the nation's most successful hedge fund managers and his Glenview Capital Management has soared in recent years.
The striking thing about Robbins is that he's already very engaged in philanthropy for a guy who's still in his 40s. His family foundation, set up with his then-wife Amy in 2008, has been active in the New York and Illinois areas since its inception. (Amy has her own foundation, the Nduna Foundation which donates to a range of global causes.)
The majority of the Robbins Foundation grants are directed toward cancer research, care and treatment programs. A big emphasis is pediatric cancer.
On a much smaller scale, the foundation awards grants to major medical and large academic institutions for research into other diseases. So far, no distinct pattern has emerged as to the specific type of illnesses (outside of cancer) that the foundation funds.
Surprisingly, grants aren’t huge here, with most falling in the $5,000 to $50,000 range.
The foundation does not accept unsolicited proposals, and only makes grants to preselected organizations. It doesn't have a website, so information for grantseekers is difficult to come by. As we mentioned at the top, Larry Robbins continues to grow his already vast fortune, so we can likely expect the foundation to also grow its philanthropic presence as well.
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Robbins Family Foundation
767 5th Ave., 44th Fl.
New York, NY United States 10153