Founded in 2005, the Rowan Family Foundation is the philanthropic vehicle of billionaire Marc Rowan and his wife Carolyn. Rowan is worth $2.4 billion as of this writing, and is only 53 years old. Still, the Rowan Family Foundation has gradually increased its giving, and in 2013, gave away close to $9 million. New York City is a focus area of the foundation. While the foundation doesn't have much of a web presence or a clear way to get in touch, here are a few must-knows about this couple's New York City philanthropy:
1. The Rowan Foundation Has an Interest in Education
While Rowan has given the largest sums to his alma mater, University of Pennsylvania, he and his wife have also supported education outfits in New York City. Recent grants have gone to Harlem Village Academies, and Say Yes to Education, which strives to improve urban education, with chapters throughout the Northeast. Funds have also gone to Columbia Prep, Riverdale Country School, CityLax, which brings "lacrosse to NYC Public Schools and underserved communities," and NYC Foundation for Computer Science Education, a nonprofit launched in 2013 to ensure that all students in New York's public schools "have access to computer science education that will put them on a pathway to academic success and a 21st century career."
2. Sums Have Also Gone to Jewish Outifts
In 2013, a large, $1 million gift went to Western Wall Heritage Foundation, with offices in New York and Jerusalem. The outfit supports the Western Wall in Jerusalem. Rowan is on the board of Youth Renewal Fund, which was founded to improve education for Israeli children. Other support has gone to Temple Emanu-El Nursery School, UJA-Federation of New York, and a number of Jewish congregations including Congregation Rodeph Sholom.
3. Assorted Sums Have Gone Elsewhere
The Rowans have also supported health organizations, though they don't seem to favor one particular cause. Funds have gone to Mt. Sinai, including a $100,000 grant in 2012 to Mt. Sinai Hospital Children's Center Foundation. Money has also gone to Michael J. Fox Foundation for Parkinson's Research. Support has also gone to human services and the arts. Recent funds have gone to places such as the 92nd Street Y, WeCARE NYC, a workplace development program, New York City Police Foundation, Randall's Island Park Alliance, FDNY Foundation, Vineyard Theatre, Robin Hood Foundation, and Works & Process at the Guggenheim. It's worth noting that Rowan's wife Carolyn has a career in arts and fashion.
The important thing to remember, here, is that Rowan is only in his early 50s, and is still very much engaged in business. But the Rowans should be watched for greater New York City philanthropy down the line, particularly with all the wealth waiting in the wings.