NET WORTH: Unknown
SOURCE OF WEALTH: Technology Venture Investors, Institutional Venture Associates (Venture Capitalist)
FUNDING AREAS: Education & Youth, Policy, Health & Human Services, Arts & Culture
OVERVIEW: Burton McMurtry and family move their philanthropy through the McMurtry Family Foundation of 2003. McMurtry and his wife DeeDee have given their mutual alma mater Rice University tens of millions. Much of the family's giving, though, takes place in the Bay Area. Policy is one interest; McMurtry sits on the board of Hoover Institution.
BACKGROUND: Burton J. McMurtry earned a B.A. and a B.S.E.E. from Rice University, and an M.S. and Ph.D in electrical engineering from Stanford University. He has been a Silicon Valley venture capitalist investor since 1969 and cofounded several VC partnerships, including Institutional Venture Associates and Technology Venture Investors. McMurtry's venture firms have backed tech companies like Adaptec, Altera, Compaq, and Intuit.
EDUCATION & YOUTH: McMurtry is a trustee emeritus of Rice University, from where he and DeeDee graduated. Last decade, the couple gave a $32 million gift to Rice University, which renamed its 10th residential college the Burton and Deedee McMurtry College. The family continues to steadily support Rice University via their foundation. Much of the couple's other education giving takes place in the Bay Area. Grantees have included Foundation for the Future - Menlo-Atherton High School, Reading Partners, UC Berkeley, College of Environmental Design, Students Matter, and Eastside College Preparatory School. McMurtry has also strongly supported Stanford University, home to the McMurtry Building for the Department of Art & Art History.
POLICY: McMurtry sits on the board of the Hoover Institution, which the family steadily supports via their foundation. Other grantees have included Council of Foreign Relations, and the Carnegie Institution.
HEALTH & HUMAN SERVICES: The McMurtrys also earmark funds for health and human services outfits like Lucille Packard Foundation for Children’s Health, Canary Foundation, which deals with cancer, and Habitat for Humanity Greater San Francisco.
ARTS & CULTURE: Grantees have included the Computer History Museum, Exploratorium, and Oregon Shakespeare Festival.
OTHER: The McMurtry Family Foundation of 2003's grantmaking also touches organizations that work on a global level, such as International Rescue Committee, and Global Heritage Fund. In terms of environmental organizations, the McMurtrys have also supported Wildaid and Peninsula Open Space Trust.
LOOKING FORWARD: Expect this wealthy family to stick with their established interest areas. Down the line we'll have to watch the McMurtry family's next generation of giving, though other McMurtry family members keep a rather low profile.
The McMurtry Family Foundation of 2003 does not provide a clear avenue of contact, but below is an address:
McMurtry Family Foundation of 2003
101 W. Venice Ave.
Venice, FL 34285