NET WORTH: Unknown
SOURCE of WEALTH: Intel
FUNDING AREAS: Health, Education, Immigration & Refugees, Bay Area Community
OVERVIEW: A survivor of the Holocaust, the Hungarian Revolution, prostate cancer, and having lived with Parkinson's disease, much of Grove's grantmaking was influenced by his personal experiences. In addition to health research and immigration and refugee issues, he was a major supporter of reproductive rights. The Grove Foundation maintains Grove's philanthropic legacy in the wake of his passing.
BACKGROUND: Grove was born to a Hungarian Jewish family in 1936. By the time he was eight, he and his mother were forced to take on false identities and hide with friends. His father, who had been forced into a labor camp, was reunited with the family after the war, but fled to Austria and then the United States during the Hungarian Revolution in 1956. Americanizing his name, Grove attended first the City College of New York, then the University of California, Berkeley, after which he worked at Fairchild Semiconductor before leaving to help start Intel with Robert Noyce and Gordon Moore. Though not considered a cofounder, he was there from day one, and has served the organization in varying capacities, including president, chairman, and CEO, retiring from day-to-day operations in 1998. He finally relinquished his position as chairman of the board in 2004, though he served in an advisory role thereafter. His net worth at the time of his death was unknown, but he was worth an estimated $400 million back in 2008. His charitable foundation, The Grove Foundation, holds roughly $100 million in assets, and has distributed another $100 million or so in grants over the last decade.
HEALTH: Grove has an intensely personal connection with a number of health-related causes. In 1995, he was diagnosed with prostate cancer, and after learning about the slow pace of research on the disease, decided to do something about it. His largest grants in this area have supported Memorial Sloan Kettering, which has received at least $700,000. He has also donated at least $150,000 to ZERO: The Project to End Prostate Cancer, as well as smaller donations to the Damon Runyon Cancer Research Foundation and others.
This pales in comparison, however, to what he has done for Parkinson's Disease since being diagnosed in 2000. According to Forbes, he donated $22 million to organizations that deal with Parkinson's by 2008 (a number that has since increased to at least $30 million) and pledged to bequest another $40 million to the Michael J. Fox Foundation for Parkinson's Research, where he was an advisor. At least $10 million has gone to the UCSF Medical Center for embryonic stem cell research, and at least $9 million has gone to the Michael J. Fox Foundation. A number of other organizations have received significant grants as well, for things such as research on new and improved systems for delivering drugs to the brain and clinical trial recruiting. He also put $2 million into creating a tool to measure the progression of Parkinson's called the At Home Box, developed by Intel, which provided another $1 million.
Aside from cancer and Parkinson's Disease, Grove supported reproductive rights. He gave more than a quarter million dollars a year to the Planned Parenthood clinic in San Jose for over a decade, along with nearly $1 million to Advocates for Youth, $700,000 to the Center for Reproductive Rights, $100,000 to Planned Parenthood’s national organization, $200,000 to a post-abortion counseling talkline based in Oakland, and donations to several other regional organizations that focus on this issue.
EDUCATION: Grove championed education at all levels. He donated more than $8 million to the Hunter College Foundation, where his wife, Eva, graduated in 1958 with a degree in pre-social work. City College of New York, Grove's alma mater, also receives regular funding, with $1.4 million granted over the last three years. More than a dozen other schools, colleges and universities receive donations annually from the foundation, with a focus on schools in and around the Bay Area.
IMMIGRATION & REFUGEES: One of the Grove Foundation’s largest single grants was $850,000 to the International Rescue Committee recently. Grove has also given over $1 million to the Immigrant Legal Resource Center in San Francisco, and is a supporter of the New Americans Campaign, CitizenshipWorks, and other organizations that provide resources for immigrants and advocate for immigration reform.
BAY AREA COMMUNITY: Grove was a major supporter of area food banks, and gave at least $3 million to organizations that provide home assistance for those living with disabilities. He was also a major supporter of a number of neighborhood and community development initiatives, and has put several million into the Silicon Valley Community Foundation for what cmay be a donor-advised fund.
LOOKING FORWARD: Grove passed away at his Los Altos, California, home on March 21, 2016. In November that year, The Grove Foundation began looking for program officer, so expect the giving to continue. Grove has already dedicated a large chunk of his fortune to neurodegenerative diseases, but with a $40 million bequest to the Michael J. Fox Foundation, the foundation might start turning its attention elsewhere. He had become increasingly focused on immigration and refugee issues over the last several years, so that is one place to look. In the year before Grove's passing, the fund had dropped to just under $80 million, but in 2016, in addition to the regular contributions from the Packard Foundation and the Ford Foundation (both of which contributed to the Grove Foundation every year for from 2012-2016), Grove's wife, Eva, injected about $35 million into the fund. About $20 million of that is a non-cash contribution from 500,000 shares of Intel stock received in September 2016. With the foundation holding close to $100 million in assets, there is still a lot of grantmaking to be done.
The Grove Foundation
PO Box 1667
Los Altos, CA 94023