NET WORTH: Unknown
SOURCE OF WEALTH: Kensico Capital Management
JEWISH FUNDING AREAS: Education, Youth, Religious, Community
OVERVIEW: Michael Lowenstein moves his philanthropy through the Michael & Carol Lowenstein Foundation, established last decade. In a recent year, around $1.3 million moved out. Lowenstein supports Jewish education and youth organizations, as well as Jewish community and religious organizations.
BACKGROUND: Michael Lowenstein graduated from the Hackley School in Westchester County, New York, and UPenn. He received an MBA from Northwestern University. He was a vice president of the Mutual Shares Corporation, an equity mutual fund in Short Hills, N.J., and went on to cofound Kensico Capital Management in 2000.
PROFILE: Financier Michael Lowenstein founded the Michael & Carol Lowenstein Foundation in 2007 with his late wife Carol. In life, Carol Lowenstein was active with her local synagogue and served on the board. The foundation's grantmaking strongly involves Jewish organizations, many of them in New York City and the Northeast. Lowenstein has also directed money to a donor-advised fund at Jewish Community Fund, making the full scope of the family's philanthropy hard to ascertain.
Lowenstein focuses on education and youth, as well as Jewish community and religious organizations. Grantees include Barry & Florence Friedberg JCC Sunrise Day Camp; Moving Traditions, which "inspires women & men, girls & boys to engage more deeply with Judaism"; UJA Federation of New York; Temple Shaaray Tefila of Westchester; Birthright Israel Foundation; Jewish Child Care Association of New York; and Friends of Israel Defense Forces.
In a recent fiscal year, the Michael & Carol Lowenstein Foundation gave away around $1.3 million and held around $35 million. The foundation keeps a low profile and does not accept unsolicited proposals.
LOOKING FORWARD: Expect Lowenstein to stick with established interest areas.
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The Michael & Carol Lowenstein Foundation
55 Railroad Ave., 2nd Fl.
Greenwich, CT 06830