New York billionaire Ron Baron is the CEO of Baron Capital Group, a money management firm. These days, Baron Capital Management's portfolio contains more than $25 billion in assets and Baron has a net worth of around $2 billion. On the philanthropic side, Baron and his wife Judy have a charitable outfit called the Baron Capital Foundation, which gives around $1 to $2 million annually, mainly in New York. Huge money isn't coming out of the foundation, but the good news is that a lot of different organizations in New York are receving support. Here are three things to know about the Baron couple's New York philanthropy:
1. In health, once the Barons find an outfit, they tend to stick with them
In 2013, funds went to outfits such as the SLE Lupus Foundation, Lymphoma Research Foundation, Lung Cancer Research Foundation, and the NYU Langone Medical Center. This isn't the first time these outfits have been supported either and many of these outfits have been supported on an annual basis. Gifts in this area generally range from $5,000 to $10,000 annually.
Large sums have gone to Weill Cornell Medical School, including annual sums of both $100,000 and $1 million in consecutive years.
2. Baron loves the Metropolitan Opera House
The couple's largest sums appear to be going to the Metropolitan Opera House, which has received around $450,000 annually. There is some speculation that this gift is part of his payment for renting the the space for his annual Investor Conference, where Baron brings in big-name entertainers like Celine Dion and Billy Joel to perform for the heavyweight CEOs and potential investors. Other arts grants have included $50,000 to the Big Apple Circus, $5,000 to the Alvin Ailey Dance Foundation, and $2,500 to the Lincoln Center Theatre.
3. Jewish Causes and Education Have Been Supported Too
The Barons have supported Birthright Israel Foundation and the American Friends of the Israel Museum. Not long ago, $125,000 went to the UJA Federation of New York, where Judy has served on the Board of Directors. In education, Bronx area schools such as Horace Mann School and Bronx High School of Science have seen modest sums. Columbia Business School has also seen the Barons' money.