NET WORTH: Unknown
SOURCE OF WEALTH: Goldman Sachs; JBK Partners
FUNDING AREAS: Education & Leadership, Arts & Culture, Health, Humanitarian & Youth
OVERVIEW: Anne McNulty and her late husband John founded the John P. and Anne Welsh McNulty Foundation in 1985, a philanthropic vehicle which focuses on education, leadership, and the arts, among other areas. The McNulty family created the annual $100,000 John P. McNulty Prize in partnership with the Aspen Institute to support entrepreneurial solutions to pressing social problems. McNulty also recently gave two multi-million-dollar gifts to support leadership at both Wharton and Villanova.
BACKGROUND: A Philadelphia native, Anne Welsh McNulty attended Villanova University and the Wharton School at the University of Pennsylvania, where she received her MBA. McNulty was a managing director of Goldman Sachs and served as a senior executive of the Goldman Sachs Hedge Fund Strategies Group. After her time at Goldman, McNulty went on to cofound JBK Partners, a real estate company, and is based in Florida.
EDUCATION & LEADERSHIP: Both McNulty and her late husband John graduated from Wharton in 1979. McNulty recently gave a $10 million gift to Wharton to create the Anne and John McNulty Leadership Program. Leadership is an important part of McNulty's education philanthropy: she also recently gave $5 million to undergraduate alma mater Villanova University to establish the Anne Welsh McNulty Institute for Women’s Leadership. McNulty sat on Villanova's board of trustees for ten years.
A large part of McNulty's leadership work is centered on the annual John P. McNulty Prize, in partnership with the Aspen Institute, which celebrates the "boldness and impact of individuals who are using their exceptional leadership abilities, entrepreneurial spirit and private sector talents to address the world’s toughest challenges." The winner of the McNulty Prize receives a $100,000 award toward his or her leadership project. McNulty Prize jurors have included the likes of Madeleine Albright and Richard Branson. A recent winner was William Bynum, for his project Hope Community Credit Union, "established to promote community reinvestment in distressed areas as well as to educate people with little or no experience with banking institutions the importance of good credit and savings."
Apart from this work, McNulty, through her foundation, has recently bankrolled education outfits such as Washington Middle School for Girls, Haitian Education & Leadership Program, and Ashesi Foundation, which supports Ashesi University in Accra, Ghana, whose mission is to "educate a new generation of ethical and entrepreneurial leaders in Africa." These grantees illustrate the global component to McNulty's interests.
McNulty has also brought about the John P. McNulty Scholars Program for Excellence in Science and Math, a scholarship program for women pursuing STEM degrees at Hunter College and St. Joseph's University, the late John McNulty's alma mater.
ARTS & CULTURE: McNulty's foundation also earmarks funds for arts and culture. Recent grantees include The Joyce Theater, Film Forum, Classic Stage Theater, Aspen Art Museum, Whitney Museum of Art, and The Metropolitan Opera.
HEALTH: Recent support has gone to American Cancer Society, Peer Health Exhcange, and Global Genes Project, "the leading rare and genetic disease advocacy organization in the world." The late John McNulty passed away suddenly last decade, so there may be personal forces here that will drive larger health philanthropy down the line.
HUMANITARIAN & YOUTH: McNulty's foundation has recently bankrolled outfits such as Salvadorian American Humanitarian Foundation, and Seattle International Foundation, which "supports worldwide poverty alleviation efforts through grant-making and other activities." McNulty and John also have had a record of supporting youth. McNulty has recently funded Child Mind Institute, and Naples Children and Education Foundation, among others.
LOOKING FORWARD: McNulty's work in leadership should be watched carefully, particularly women's leadership and STEM.
John P. & Anne Welsh McNulty Foundation
77 Water St., 9th Fl.
New York City, NY 10005
Aprile Age, Executive Director E-Mail