NET WORTH: Unknown
SOURCE OF WEALTH: Wheatley Partners; technology investment
JEWISH FUNDING AREAS: Community, Health, Israel, Religious
OVERVIEW: Barry Rubenstein, his wife Marilyn and family move their philanthropy through the Marilyn and Barry Rubenstein Family Foundation. The vehicle's annual grantmaking has been modest of late, though the foundation prioritizes the Jewish community. Big winners include American Society for Yad Vashem and Temple Beth Shalom.
BACKGROUND: Barry Rubenstein graduated with a BSEE from City College of New York in 1965, and an M.S. in electrical engineering and computer sciences from New York University in 1969. Rubenstein has been investing in technology companies since 1976. He's general partner at Wheatley Partners.
FUNDING PROFILE: Barry Rubenstein and his wife Marilyn founded The Marilyn and Barry Rubenstein Family Foundation in the early 1990s. The outfit is managed by the couple and other Rubenstein family members, and keeps a low profile. According to recent tax records, the foundation does not accept unsolicited proposals, either.
Grantmaking has been under $400,000 annually in recent years, with a handful of grantees. Several grants are given to certain organizations each fiscal year and the foundation also gives a handful of grants under $500.
The Rubensteins are heavily involved with Yad Vashem, Israel's official memorial to victims of the Holocaust, established in the early 1950s. The family steadily supports American Society of Yad Vashem. Some of this work has included helping fund a synagogue at Vad Yashem to honor the individuals who were lost. The couple speaks about their commitment to rememberance, even though they had no immediate family that perished in the Holocaust.
Another prominent grantee here is Temple Beth Sholom in Roslyn Heights, NY, which has received several grants in recent years. The couple's daughter, Rebecca, is a second-generation member of the institution and serves on the executive board.
The Rubensteins have supported Jewish community organizations like Sid Jacobson JCC, Museum of Jewish Heritage, Jewish Foundation for the Righteous, The Jewish Museum, Jewish Foundation for the Righteous, Holocaust Museum of Nassau County, and the United States Holocaust Museum. In health, grantees have included Gurwin Jewish Geriatric Foundation, and North Shore-Long Island Jewish Health System (now Norwell Health).
Education is also a component of this family's giving, with USC Shoah Foundation and Jewish Partisans Educational Foundation, among others, receiving grants.
LOOKING FORWARD: Expect the couple to continue their modest support of certain Jewish outfits. The couple's kids, Brian (who follows in his investor father's footsteps) and Rebecca, should also be watched as their interests develop.
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The Marilyn and Barry Rubenstein Family Foundation does not provide a clear avenue of contact but below is an address:
The Marilyn and Barry Rubenstein Family Foundation
68 Wheatley Rd.
Brookville, NY 11545