In recent years, billionaire Stanley Druckenmiller has been giving huge sums to New York's Harlem Children's Zone (HCZ), the multi-tiered community organization providing education, social and health programs for at-risk children and their families.
Druckenmiller got involved with the outfit years ago, when HCZ founder Geoffrey Canada courted him for funds. The two are friends and fellow Bowdoin alums. In 2013, Druckenmiller gave $15 million to Canada's outfit; the year before he gave $15 million. And the overall total of Druckenmiller gifts to HCZ at this point may be over $100 million, as we've noted before.
With huge sums coming from Druckenmiller, and HCZ's budget soaring from $12 million in 2001 to $95 million in 2012, Druckenmiller's education philanthropy has definitely been headlined by his association with Canada and HCZ. But that's not all he and his wife Fiona are into in this space.
In recent years, big Druckenmiller money has also gone to College Summit in Washington D.C., a non-profit organization whose mission is to increase youth college enrollment rates from low-income communities. College Summit has received at least $3.2 million from the Druckenmillers since 2011.
As well, the Druckenmillers seemed to have heeded the call of Mark Zuckerberg, Bill Ackman, and other donors behind the controversial effort to remake Newark's schools, giving $1 million to the Foundation for Newark's Future last year.
The couple also gives out college scholarships through their foundation, generally 20 to 30 annually to students around the country. These scholarships are generally under $10,000.
The Druckenmillers have also been steady funders of—surprise!—Teach for America, which received $100,000 gifts in some recent years. Smaller sums have gone to Harlem Village Academies, Children's Storefront, a tuition free private school in East Harlem, Prep for Prep, Children’s Scholarship Fund, and Success Academy Charter Schools.
The couple has also given big to Spence School, where Fiona and her children are alumnae, and where she served as a trustee for many years. Spence received $5 million alone in 2012.
As for the huge streams of money going to HCZ, it's unlikely that that stops any time soon. As Druckenmiller once said about his giving strategies: "I like putting all my eggs in one basket and then watching that basket carefully.”
Still, it's possible that in the coming years, the Druckenmillers could start spreading more of their money around to K-12 causes. The couple appears to be increasingly influenced by their children, which often motivates giving in new areas for major donors.
Certainly there's plenty of money in the wings. The Druckenmiller Foundation had nearly a billion dollars in assets in 2013, and moved $73 million out the door that year.