NET WORTH: Unknown
SOURCE OF WEALTH: Grosvenor Capital Management
JEWISH FUNDING AREAS: Education & Youth, Community, Israel
OVERVIEW: Michael Sacks and his wife Cari give through the Sacks Family Foundation, which gave away around $4.8 million in a recent year. Giving often focuses on the Chicago area. Interests include education and youth organizations in the Jewish community. Sacks supports Hillel at his alma maters.
BACKGROUND: Michael J. Sacks was born in Chicago and received a B.A. in economics from Tulane University in 1984, and an MBA and a J.D. from Northwestern University. He attended the London School of Economics. Sacks spent two years at Harris Associates L.P. and joined Grosvenor Capital Management in 1990. He was named the firm’s managing partner in 1994 and is currently chairman and CEO.
EDUCATION & YOUTH: The couple has supported Tulane Hillel, Northwestern Hillel, Hillel Foundation University of Wisconsin (the Sacks are UWisconsin parents), Birthright Israel Foundation, Jewish Child & Family Services, Jewish Council for Youth Services, and Jewish United Fund.
COMMUNITY: The Sacks support Beth Am Shalom, a reform synagogue in Glencoe, Illinois. Their daughter Jennifer is a committee chair. Other grantees include Illinois Holocaust Museum & Education Center, Center for Entrepreneurial Jewish Philanthropy, and Simon Wiesenthal Center.
ISRAEL: Grantees include P.E.F. Israel Endowment Funds, whose support focuses on issues such as "primary and secondary education; supporting scientific research; and promoting greater tolerance and understanding between religious and secular communities and between Arabs and Jews."
LOOKING FORWARD: Expect the couple's giving in the Jewish community to continue, largely tracking with personal connections and the family's Chicago area base.
The Sacks Family Foundation accepts letters which should include the name of organization, mission statement, amount requested and contact information.
1850 2nd St., Ste. 201
Highland Park, IL 60035
Telephone: (312) 506-6501