NET WORTH: Unknown
SOURCE OF WEALTH: Pequot Capital Management
JEWISH FUNDING AREAS: Education, Youth, Israel, Community
OVERVIEW: Art Samberg and family's Samberg Family Foundation supports individual programs and projects of Jewish history, culture and life, particularly those that "foster connections to Jewish life for individuals at different points along their lifespan." Jewish Life is one of three primary interest areas of this foundation. The Sambergs also move some of their philanthropy through a low-profile vehicle, the Rebecca and Arthur Samberg Foundation, which focuses more locally in suburban New York.
BACKGROUND: Arthur Samberg received a B.S. from MIT and an M.S. from the aeronautics program at Stanford University. He also holds an MBA from Columbia Business School. Samberg made partner at Weiss Peck & Greer. He went on to found and serve as CEO of the hedge fund Pequot Capital Management. Samberg is now owner of Hawkes Financial LLC, his family office.
FUNDING PROFILE: Arthur and Rebecca Samberg founded the Samberg Family Foundation, which has since grown to reflect a giving strategy that includes their children and spouses. Samberg Family Foundation lists three interest areas: education, health and Jewish life. The foundation has a strong web presence, with a clear grantmaking process. Unsolicited proposals, unfortunately, are not accepted. Since its inception, the foundation has given away more than $75 million. Lately most grants have been multi-year.
In a statement of its values, the foundation refers to its, "deep respect for the Jewish past and future. We wish to keep Jewish history, culture and life alive and relevant. We know that powerful transformations occur when young people connect to their Jewish heritage through meaningful, thoughtfully-planned experiences."
The Sambergs via their foundation make grants that support Jewish Life. Current active grantees include Birthright Israel Foundation, which has received at least $2.5 million from the couple and their foundation through the years; UJA Federation of New York, where Samberg served as senior chair of the Wall Street and Financial Services Division of UJA; U.S. Holocaust Memorial Museum; Big Tent Judaism (formerly Jewish Outreach Institute); and AVODAH: The Jewish Service Corps.
Other grantees have included Facing History and Ourselves; YRF Darca, the philanthropic funding partner for the Darca network of schools in Israel; and ROI Community, which connects dynamic Jewish leaders from around the globe.
The Samberg family also moves some of their philanthropy through the Rebecca and Arthur Samberg Foundation, a smaller and far more low-profile vehicle. This foundation mainly supports local outfits in Westchester County, near New York City. Jewish grantees have included the Holocaust and Human Rights Education Center.
LOOKING FORWARD: Daughter Laura Samberg-Faino should be watched carefully in the coming years. She's executive director of the Samberg Family Foundation and serves on such boards as Big Tent Judaism.
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The Rebecca and Arthur Samberg Foundation doesn't provide a clear avenue of contact but below is an address:
The Rebecca and Arthur Samberg Foundation
77 Bedford Rd.
Katonah, NY 10536