Arnhold Foundation: Grants for Higher Education

OVERVIEW: The philanthropic vehicle of Henry Arnhold, the Arnhold Foundation funds performing arts, higher education, international affairs, and health, as well as areas where these focuses overlap to some degree.

IP TAKE: The Arnhold Foundation’s higher education giving prioritizes institutions in New York, but it supports universities in other areas as well. However, the foundation lacks transparency and does not maintain a website restricting information and grant guidelines and strategies. It also does not have a clear way of making contact.

PROFILE: Henry H. Arnhold was born in Dresden, Germany in 1921, and comes from a banking family. His Jewish family's bank fell victim to "Aryanization," so Arnhold left for the United States in 1942. In the United States, Arnhold studied at UCLA, had a stint in the U.S. Army, and joined his family's investment bank, Arnhold & S. Bleichroeder, where he served as chairman starting in 1960. Arnhold moves his philanthropy through the Arnhold Foundation, which held more than $350 million in a recent year. According to tax filings, the Arnhold Foundation prioritizes arts and culture, but it also funds higher education, particularly in New York.

Arnhold’s higher education grantmaking remains broad and unclear. However, past funding has supported university education, business, journalism, medical, and art schools. It also supports medical research. Working jointly with the Mulago Foundation, in 2014 Arnhold “made a visionary gift to establish The Arnhold Global Health Institute at the Icahn School of Medicine at Mount Sinai. As per the institute, its mission is “to broaden the understanding and purview of global health, making its hidden infrastructure visible so that new solutions can be developed, and impact can be scaled.” For instance, past grantees include New York-based institutions such as the Bank Street College of Education, Columbia Business School, CUNY Graduate School of Journalism, the Hunter College Foundation, Icahn School of Medicine, and New School. Arnhold himself also serves as a trustee for the New School, where he provided an endowment for the Willy Brandt Professorship and recently made a $7 million gift to the school's Zohlberg Institute on Migration and Mobility.

The foundation’s grant are few, but sizable. Grants range from about $50,000 to $200,000; however, several grants have provided $500,000 to $2 million dollar range. The foundation also supports universities beyond New York. For instance, past grantees include Philadelphia’s Curtis Institute of Music, the University of Pennsylvania, and the University of California Santa Barbara, where the foundation previously helped establish the John P. Arnhold Presidential Chair in English.

The Arnhold Foundation has a minimal web presence and its grantmaking policies are not clear. Note also that Arnhold Foundation, Inc. is not to be confused with the John and Jody Arnhold Foundation, a separate organization headed by Arnhold's son John and daughter-in-law Jody.

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CONTACT:

Arnhold Foundation, Inc.
15 Maiden Ln., Ste. 500
New York City, NY United States 10038-5117
Telephone: (212) 269-8628