NET WORTH: $1.76 billion (family)
SOURCE OF WEALTH: Allen & Company
FUNDING AREAS: Education & Youth, Health, Policy, NYC Community
OVERVIEW: Herbert Allen III and family give through the Herbert Allen Foundation. Allen sits on the board of Prep for Prep and supports educational and youth organizations through his foundation. Other interests include health.
BACKGROUND: Herbert Anthony Allen III graduated with a B.A. from Yale University in 1989. He worked at T. Rowe Price and Botts & Company in London and later joined Allen & Co., a boutique investment bank his grandfather co-founded. Allen is CEO.
EDUCATION & YOUTH: Allen sits on the board of Prep for Prep in New York City and makes educational and youth organizations a priority. He supports Prep for Prep; Broome Street Academy Charter High School; Hackley School; Girls Inc; and The Door, whose mission is to "empower young people to reach their potential by providing comprehensive youth development services in a diverse and caring environment."
HEALTH: Grantees include New York-Presbyterian Fund, Partners in Health, and The Lewin Fund to Fight Women’s Cancers.
POLICY: Supported has gone to Center for a New Economy.
NYC COMMUNITY: Support has gone to Central Park Conservancy, City Harvest, and City Parks Foundation.
OTHER: The family earmarks funds for environmental organizations The Fresh Air Fund and Conservation Force; also the Iraq and Afghanistan Veterans of America and Special Operations Warrior Foundation.
LOOKING FORWARD: Only in his 50s, expect Allen to stick with his interests for now. He's sits on the board of The U.S.-Mexico Foundation, which is "dedicated to expanding opportunity for the people of Mexico through effective philanthropy and binational partnerships." He's also on the board of the Stanford Center on Philanthropy and Civil Society.
The Herbert Allen Foundation
711 5th Ave.
New York, NY 10022