OVERVIEW: The Satter Foundation is the philanthropic vehicle of finance couple Muneer Satter and Kristen Hertel. The foundation makes grants in a variety of areas, but its global development involves education and literacy, health and policy.
IP TAKE: The foundation keeps a low profile, making it more challenging to understand what the organization seeks in its global development grantees. Moreover, recent tax filings indicate that the foundation does not accept unsolicited proposals.
PROFILE: The Satter Foundation was established in 1997 by then Goldman Sachs partner Muneer Satter and his wife Kristen Hertel. Satter held a 0.325 percent stake in Goldman prior to its 1999 IPO, worth millions. Like many charitable vehicles associated with Goldman Sachs veterans, the Satter Foundation keeps a low profile and does not maintain a website.
The Satter Foundation steadily funds Chicago-based organizations, particularly in education reform. The foundation has also funded organizations like Edify, which works to "improve and to expand sustainable, affordable Christ-centered education in the developing world," operating in countries like Ghana, Peru, and Rwanda; AmeriCares, a nonprofit disaster relief and global health organization; Doctors Without Borders; Heifer International, an organization "working to end hunger and poverty around the world by providing livestock and training to struggling communities"; One Acre Fund; Samasource, an "enterprise service provider that uses technology to connect marginalized people to dignified work"; and Chicago Lakeshore Global Health Initiative, which provides resources for" global health research initiatives and education programs benefiting medical students, residents, fellows and faculty members of Northwestern University Feinberg School of Medicine."
Given Satter Foundation's low profile, it is unclear what its grantmaking focuses are; however, it consistently funds education, health, and policy work. Kristen's Linkedin profile is posted below.
- Kristen Hertel, Trustee
- Muneer A. Satter, Trustee
The Satter Foundation does not provide a clear avenue of contact, but here's an address:
The Satter Foundation
500 N. Michigan Ave., Ste. 1700
Chicago, IL 60611