A Look At Stewart Rahr's NYC Philanthropy

A Brooklyn native, Stewart J. Rahr, worked at his father's pharmacy and took over after his father passed. Fast-forward to 2010 and Rahr's Kinray, a pharmaceutical wholesale distributor, was sold to Cardinal Health, netting a cool $1.3 billion. Rahr is currently on the Forbes billionaire list, and is worth $2.1 billion as of this writing. Rahr has also emerged as a philanthropist and founded the Stewart J. Rahr Foundation. Giving is on the rise, from just over $250,000 moving out of the door in the foundation's first year, to some $14 million in giving in a recent fiscal year. That number may well be higher now.

The foundation's mission is as follows: "Investing in our world's future... supporting our youth, education, and medical research." A component of Rahr's philanthropy involves New York City, with education, youth, and health outfits receiving sums. Money has also gone to Jewish causes. In education, New York City grantees include George Jackson Academy, Baruch College Fund, PS8 PTA, Public School 003, and the Chapin School. Funds have also gone to outfits that support youth such as Keep A Child Alive, an Alicia Keys cofounded outfit which brings "dignified treatment, care and support to children and families affected by HIV," and the Joe Torre Safe at Home Foundation, which deals with domestic violence.

In health, New York City hospitals such as New York-Presbyterian Hospital, Hospital for Special Surgery, and New York City Health and Hospitals Corporation have been funded. Support has also gone to Memorial Sloan Kettering Cancer Center, and Gabrielle's Angel Foundation for Cancer Research. A large $10 million gift went to Make A Wish Metro New York, and it's worth noting that the Rahr Foundation also has an interest in supporting children's health. Autism is another health interest and New York grantees include AABR, which serves "people with developmental disabilities and children with autism in Metro NYC."

Grants have also gone to Jewish outfits such as the UJA Federation of New York, Friends of the Israel Defense Forces, and Museum of Jewish Heritage. Funds have also gone to New York antipoverty outfit Robin Hood Foundation.

It's worth noting that Rahr is friends with Donald Trump and has supported the Eric Trump Foundation, which is dedicated to raising money for children battling life-threatening diseases at St. Jude Children’s Research Hospital.

Related: Stewart J. Rahr Foundation: New York City Grants