NET WORTH: Unknown
SOURCE OF WEALTH: Goldman Sachs, Energy Capital Partners
FUNDING AREAS: Education, Health, Environment, Athletics
OVERVIEW: Doug Kimmelman moves his philanthropy through the Kimmelman Family Foundation, which gave about $1.2 milion in a recent year. Kimmelman has strongly supported alma mater Stanford University. Much of Kimmelman’s other giving through his foundation focuses on his home state of New Jersey.
BACKGROUND: New Jersey native Douglas Kimmelman holds a B.A. in economics from Stanford University and an MBA from Wharton. He spent 22 years with Goldman Sachs, starting in 1983 in the firm’s pipeline and utilities department within the investment banking division. He went on to make partner. Kimmelman established Energy Capital Partners in 2005.
HEALTH: Kimmelman’s late wife Carol passed away from ovarian cancer in early 2017. The family’s health philanthropy through their foundation has often keyed on cancer. Grantees have included Carl Simon Cancer Center, Ovarian Cancer Coalition, Cancer Hope Network, Children Specialized Hospital, and Visiting Nurse Association of Somerset Hills.
EDUCATION: Education is of personal interest to this family: Carol was once an elementary school teacher in South Central Los Angeles. Kimmelman chairs the board of Blair Academy and supports their overseas initiatives. Other grantees have included Somerset Hills Learning Institute, Chapman University, Inner-City Scholarship Fund, The Bishop’s School, and Newark Mentoring Movement (NMM), whose mission is to transform the community “by preparing youth to succeed in life, through positive mentoring relationships.” Many of these grantees are based in New Jersey or California.
ENVIRONMENT: Kimmelman committed $5 million toward energy and environmental initiatives at his alma mater Stanford. He’s involved with the university's Woods Institute for the Environment and its Precourt Institute for Energy.
ATHLETICS: Carol was an athlete and avid tennis player, competing as a student at USC and into her later years. Kimmelman aims to construct the Carol Richardson Kimmelman Tennis Center in Los Angeles in her honor. The center, expected to be the largest community tennis center in the Western U.S., is being developed in conjunction with the USTA (United States Tennis Association) as a $35 million project with 40-45 courts to benefit inner city kids.
LOOKING FORWARD: Expect Kimmelman to stick with his established interest areas, particularly given the deeply personal elements involved.
The Kimmelman Family Foundation does not provide a clear avenue of contact but below is an address:
The Kimmelman Family Foundation
750 3rd Ave., 11th Fl.
New York City, NY 10017