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. Rahr's health grantmaking includes interests in cancer, autism, children's health, and more.
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. 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 number of health outfits have already been supported and Rahr credits Michael Milken for activating his interest in this area. Speaking of Milken, Rahr has supported Milken's Prostate Cancer Foundation with at least $20 million so far. Other cancer research outfits that have seen support from the Rahr Foundation include American Cancer Society, Children's Tumor Foundation, Memorial Sloan Kettering Cancer Center, Play for Pink, St. Baldrick's Foundation (which deals with pediatric cancer), Israel Cancer Research Fund, Gabrielle's Angel Foundation for Cancer Research, and The Brain Tumor Foundation.
Rahr has also funded outfits that are concerned with autism. These include: AABR, which serves "people with developmental disabilities and children with autism in Metro NYC," The Darryl Strawberry Foundation for Autism Awareness, Foundation for Autism Training and Education, and Generation Rescue is the "leading national organization that provides hope, information and immediate treatment assistance to families affected by autism spectrum disorders."
Grantmaking has also involved hospitals such as Hospital for Special Surgery, New York City Health and Hospitals Corporation, Beth Israel Medical Center, Mattel Children’s Hospital at UCLA, New York-Presbyterian Hospital, St. Jude Children’s Hospital, and St. Francis Hospital Corporation. Grants have also gone to outfits that deal with HIV/AIDS. A large $1 million grant went to Keep a Child Alive, an Alicia Keys cofounded outfit which brings "dignified treatment, care and support to children and families affected by HIV."
Money has also gone to more fringe health causes. NephCure Kidney International, for instance, which supports "research to identify the cause, improve the treatment, and find the cure of the two potentially debilitating kidney diseases, Nephrotic Syndrome and Focal segmental glomerulosclerosis (FSGS), has been funded." Funds have also gone to the National Stuttering Association and the Myasthenia Gravis Foundation of America. The most common form of Myasthenia Gravis is a chronic autoimmune neuromuscular disorder that is characterized by fluctuating weakness of the voluntary muscle groups.
A component of Rahr's health grantmaking also appears to involve mental health. Grantees include Andrew Kukes Foundation for Social Anxiety, American Foundation for Suicide Prevention, and the David Lynch Foundation for Consciousness-Based Education and World Peace.
Grantseekers interested in support from Rahr can be begin by filling out a grant application form on the foundation's website.
- Steven Burns, Director of Operations
- Lawrence Fossi, Managing Director