NET WORTH: $3.1 billion
SOURCE OF WEALTH: Broadcom
JEWISH FUNDING AREAS: Education, Heritage, Community, Combating Antisemitism
OVERVIEW: One of the Samueli Foundation's four funding priority areas is Jewish Culture and Values. The foundation is particularly interested in supporting Jewish education, spirituality, heritage, and community identity, as well as combating antisemitism
BACKGROUND: Henry Samueli graduated from UCLA, receiving a BS, MS and PhD in electrical engineering from the school. He's one of the cofounders of the Broadcom semiconductor company, and the outspoken owner of the Anaheim Ducks NHL hockey team. In February 2016, Avago Technologies acquired Broadcom Corp. for $37 billion in cash and stock.
FUNDING PROFILE: The Samueli Foundation's funding priorities are Education, Youth Services, Integrative Health, and Jewish Culture and Values. The foundation unfortunately no longer accepts unsolicited LOIs, and is run by Samueli, his wife, Susan, and a small staff. In a recent tax year, the foundation gave a little under $600,000.
Recent grantmaking in the Jewish community has involved organizations in Southern California and New York, including Bet Tzedek, a nonprofit human and poverty rights organization; Hillel Foundation of Orange County; Jewish Federation & Family of OC: Jewish Theological Seminary; American Jewish World Service; Temple Beth Shalom; and UCI Hillel.
The foundation sometimes funds Jewish organizations abroad. The Samueli Foundation, for instance, has supported American Friends of the Reut Institute. The Reut Institute is a nonprofit organization based in Tel Aviv, focused on "creating and scaling effective models to tackle some of the toughest challenges facing Israel and the Jewish People, while making a significant and distinct contribution to humanity." The foundation also gave a recent grant to Friends of Ir David.
LOOKING FORWARD: Overall, the Samueli Foundation's grantmaking in the Jewish community is but one component of a large puzzle, but expect steady sums to continue to support select Jewish organizations, particularly in the Southern California region.
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