NET WORTH: Unknown
SOURCE OF WEALTH: Grand/Sakwa Properties
JEWISH FUNDING AREAS: Israel, Health & Medical Research, Education, Community
OVERVIEW: Stephen Grand and his wife Nancy don't appear to have a formal charitable vehicle, but have given big individual gifts to Jewish organizations over the years, particularly in health and medical research. A few years ago, they gave $50 million to the American Committee for the Weizmann Institute of Science. The Grands keep a low-profile and it's hard to find out how to get in touch with them.
BACKGROUND: Stephen Grand attended University of Michigan, graduating with bachelor's and master's degrees from the School of Engineering. He was president and owner of Deco-Grand before going on to cofound Grand/Sakwa Properties, one of the largest developers of residential and retail properties in the Midwest. Grand and his wife Nancy are based in the Bay Area.
FUNDING PROFILE: Stephen and Nancy Grand have been strong supporters of American Technion Society, the fund-raising arm for the Technion-Israel Institute of Technology, in Haifa, Israel. In 2010, the Grands gave the outfit $20 million. Part of the story here is that Grand suffered from multiple myeloma and credits research conducted at Technion with helping him survive the often fatal disease. As well, in an illustrative interview at the Jewish Community Federation of San Francisco, Grand reveals that he was acually introduced as a youth to a chapter of American Technion Society in Detroit where his father served as president. In that interview, Grand also calls Technion "critical" for Israel's future.
Besides gifts targeted towards cancer, the couple gave $2 million to Technion-Israel Institute of Technology for its Grand Technion Energy Program to support research into alternative and renewable energy sources.
The Grands have also given strong support to American Committee for the Weizmann Institute of Science. In 2013, the couple gave $50 million to help operate the recently established Israel National Center for Personalized Medicine (INCPM).
Other grantees have included American Israel Public Affairs Committee, the Jewish Community Center of San Francisco, and the San Francisco Jewish Community Federation where Nancy once served as president.
LOOKING FORWARD: Expect this couple's particular interest in medical research at Israeli institutions to continue.
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