NET WORTH: Unknown
SOURCE OF WEALTH: Former Chairman of Goldman Sachs; Stone Point Capital
JEWISH FUNDING AREAS: Education, Religious, Women, Various
OVERVIEW: Stephen Friedman and his wife Barbara Benioff Friedman move their philanthropy through the Friedman Family Foundation, which gave away around $5 million in a recent fiscal year. The couple's philanthropy has a largely New York focus and is varied. Their support of the Jewish community includes funding education and religious outfits.
BACKGROUND: Born in 1937 in Brooklyn, Stephen Friedman received a B.A. from Cornell University and a law degree from Columbia Law School. He joined Goldman, Sachs & Co. in 1966 and became a partner in 1973. Through his years at Goldman Sachs, Freidman also served as chairman. Friedman joined private equity outfit Stone Point Capital in 1998, and currently serves as chairman. Friedman has also held other prominent positions, such as chairman of the board of directors of the Federal Reserve Bank of New York.
FUNDING PROFILE: Stephen and Barbara Friedman have been strong funders of their alma mater Cornell. Via their foundation, they've given modest sums to Cornell Hillel of late. Other education grantees have included USC Shoah Foundation; JBI International, which was founded as the Jewish Braille Institute; Columbia University Law School's Center for Israeli Legal Studies; Jewish Theological Seminary; and Brandeis National Committee. The family has given particularly strong support to various Hebrew Union Colleges, including its Cincinnati and New York locations. Barbara once chaired the institution.
The Friedmans also support religious organizations through their foundation. These have included Temple Sinai, Central Synagogue, as well as a few synagogues in London, which received rather small sums. Another important grantee is UJA Federation of New York, which has received strong support of late. The family also has supported outfits in the Jewish community that support and celebrate women. These include Jewish Women's Archive and Advancing Women Professionals and the Jewish Community, whose mission is to "advance Jewish women into leadership, stimulate new models of shared leadership, and promote policies that lead to healthy, effective workplaces."
Because the foundation keeps a low profile, it's tough to say exactly what the Friedmans look for in their Jewish philanthropy, though supporting Jewish educational institutions seems to be a top priority.
LOOKING FORWARD: Expect Friedman and Barbara's New York focus to hold. For a complete look at this funder's philanthropy, read our Wall Street Profile of Stephen Friedman.
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The Friedman Family Foundation does not provide a clear avenue of contact, but here's an address:
Friedman Family Foundation
77 Water St., 9th Fl.
New York City, NY 10005
Telephone: (212) 440-0800