NET WORTH: $4 billion
SOURCE OF WEALTH: Wharton Properties
FUNDING AREAS: Jewish Causes
OVERVIEW: Jeff Sutton moves his philanthropy through the Jeff Sutton Charitable Foundation, which gave away around $2.6 million in a recent year. His foundation giving is focused on the Jewish community, though he's directed millions to a donor-advised fund, obscuring the full scope of this philanthropy. He keeps a low profile.
BACKGROUND: The grandson of Syrian Jews, Jeff Sutton graduated from University of Pennsylvania Wharton School. He founded Wharton Properties, which has changed the landscape of many major streets and neighborhoods in New York City, including Fifth Avenue, Times Square, 34th Street, SOHO, and the Fulton Street Mall in Brooklyn. Over the past 25 years, Wharton Properties has amassed over 120 buildings in prime locations throughout New York City and the tri-state area.
JEWISH CAUSES: Sutton, via his foundation, has lately directed seven-figure sums to Jewish Communal Fund (JCF) annually. JCF "facilitates and promotes charitable giving to sectarian and nonsectarian organizations through donor advised funds and provides support to Jewish organizations in New York." Support has gone to Magen David Yeshivah in Brooklyn, where Sutton still lives.
OTHER: Grantees have University of Pennsylvania's Wharton School and Penn Fund, and Big Brothers Big Sisters of New York City.
LOOKING FORWARD: Sutton, a billionaire, is only in his late 50s and very much engaged in business. Perhaps giving will increase in the coming years and his foundation's grantmaking will be a bit more accessible.
The Jeff Sutton Charitable Foundation
500 Fifth Avenue, 54th Floor
New York, NY 10110
LINK: Jeff Sutton Website