The Einhorn Family Foundation, not to be confused with the Einhorn Family Charitable Trust, is the philanthropic vehicle of Steven G. Einhorn and his wife Shelley. Einhorn worked at Goldman Sachs before going over to Leon Cooperman's Omega Advisors where he currently serves as vice chair. Einhorn and Shelley established their family foundation back in 1989, and since 2002 have been giving between $1-$2 million in grants annually, mainly to New York City outfits. Significant sums don't exactly seem to be going to a lot of different causes, but the causes that are of interest to this couple have been strongly supported. Here are three things to know about the Einhorn Family Foundation's New York philanthropy.
1. Jewish schools and institutions have been supported for years
The Einhorns have been supporting the UJA Federation of New York for at least a decade. The UJA Federation runs multitiered programs that help "people in need," and "inspire Jewish life," both in the states and within a global context. In a past year, at least $550,000 went to UJA and the year before at least $500,000 went to the outfit. Often this money is coming in the form of several annual grants. The Einhorns have also supported Abraham Joshua Herschel School, and American Friends of Shalva, a New York nonprofit supporting mentally and physically challenged children in Israel.
A similar crop of Jewish organizations have been supported by the Einhorns ever year, suggesting this is a longstanding interest of the couple, and likely will continue down the line.
2. The couple's health niche is personal
Shelley Einhorn suffers from hearing loss and has been a client of the Center for Hearing and Communication in Lower Manhattan. In part because of some struggles with her own hearing aid, she helped spearhead the couple's founding of the Shelley and Steven Einhorn Audiology and Communication Center within the Center for Hearing and Communication. It's unclear how much the couple gave, but even in recent years, the Center for Hearing and Communication has been a top priority, receving at least $1 million over a three-year period.
The couple also gave $1 million to establish the Shelley and Steven Einhorn Clinical Research Center at the New York Eye and Ear Infirmary of Mt. Sinai, and in 2007, they put down $5 million to establish the Shelley and Steven Einhorn Laboratory for Experimental Cancer Therapeutics at Mt. Sinai. Einhorn is a trustee of both the hospital and medical school at Mt. Sinai.
What's more, assorted sums have gone to the Migraine Research Fund, NYU Langone Medical Center and Damon Runyon Cancer Center.
3. Other NYC outfits have been supported as well
While it's likely that the couple's strong interest in Jewish causes and health remain top priorities, in New York, money has also gone to the Robin Hood Foundation, Center Park Conservancy, the American Museum of Natural History, and the Metropolitan Opera Fund, to name a few.