NET WORTH: $2.2 billion
SOURCE OF WEALTH: Baron Capital Group
JEWISH FUNDING AREAS: Various
OVERVIEW: Ron Baron and his family move their philanthropy through the Baron Capital Foundation. The Barons via their foundation consistently earmark funds for the Jewish community. Grantmaking focuses on New York City, Florida and Israel. The foundation doesn't have a website, though Baron might be accessible through his corporate website.
BACKGROUND: Ron Baron grew up in a Jewish family in Asbury Park, NJ, and attended Bucknell and George Washington University Law School before landing a job in the U.S. Patent Office. In 1970, he made the move to Wall Street, and worked at several brokerage firms as a securities analyst before founding his own firm, Baron Capital, in 1982.
FUNDING PROFILE: Ron Baron and his family are based in New York and also have a home in Palm Beach. These two regions serve as important sites of philanthropy. In Palm Beach, the Barons have steadily supported outfits like Jewish Federation of Palm Beach County, and AJC Palm Beach. New York City grantees have included The Jewish Museum, Birthright Israel Foundation, and UJA Federation of New York, where Baron's wife Judy once was a director. The Barons via their foundation have given especially large sums to UJA Federation.
The Barons also give grants that support outfits that work for/in Israel. Apart from Birthright Israel, the family also has supported Friends of the IDF, American Friends of Israel Museum, America-Israel Friendship League, and American Friends of Magen David Adom, among others. (Magen David Adom is Israel's emergency medical service and blood bank.) The family via their foundation has also supported the Netanya Foundation, which "initiates, manages and operates cultural facilities, community services, social, health, education, sports, science, religion, charity and welfare programs." The outfit has offices in both New York and Israel.
Overall, it appears that community organizations that work to promote Jewish identity, as well as those with ties to Israel, receive the bulk of this funder's attention.
LOOKING FORWARD: Apart from New York and Palm Beach, the family also has a home in Vail, though this does not appear to be an important site of philanthropy, at least according to recent tax records. The Barons have also recently been giving grants to outfits on the West Coast, which may emerge as an important region. The couple's sons should also be watched carefully. For a complete look at this funder's giving, read our Wall Street profile of Ron Baron.
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Ron Baron, Trustee, Baron Capital Foundation
767 5th Ave, 49th Floor, New York, NY 10153