OVERVIEW: The Wasserman Foundation’s global development grantmaking is fairly diverse, but tends to prioritize poverty alleviation.
IP TAKE: Wasserman backs several, large IGNOs making it more difficult for small organizations to secure funding.
PROFILE: Established in the 1950s, the Wasserman Foundation was founded by entertainment industry mogul Lew Wasserman and his wife Edie. The foundation is highly transparent regarding its giving in all priority areas, but emphasizes poverty alleviation in its grantmaking. The foundation supports education, arts & culture, health, service and global initiatives.
The foundation supports global development through its Global Initiatives program, which seeks to “partner with organizations that help meet global challenges.” It's key global development interests remain vague; however, it predominately awards large international groups such as the Clinton Foundation, ONE, and charity:water.
Across the foundation, grants range from about $1,000 to over $1 million. Most Global Initiative awards range between $10,000 to $100,000. The foundation also supports a few human rights organizations, such as Human Rights Watch.
Wasserman does not offer much insight for grantseekers beyond that it does not accept unsolicited grant applications or requests for funding.
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