NET WORTH: Unknown
SOURCE OF WEALTH: Bridgewater Associates
FUNDING AREAS: Environment, Arts, Justice, Community, Faith
OVERVIEW: Robert Prince and his wife Sharon established the Grace Farms Foundation, a private operating foundation established in 2009 to enhance lives through engagement with nature, arts, justice, community, and faith. Sharon serves as chair and president of the foundation.
BACKGROUND: Robert P. Prince received a B.S. in finance and accounting from the University of Tulsa, as well as an MBA. He oversaw asset and liability management, funding, and investment portfolio management at the First National Bank of Tulsa. In 1986, Prince joined Bridgewater Associates and currently serves as co-CIO of the hedge fund.
GRACE FARMS FOUNDATION: Grace Farms is a former horse farm now integrated into 80 acres in northeast New Canaan, Connecticut. Grace Farms Foundation was established in 2009 to "enhance lives through engagement with nature, arts, justice, community, and faith." The property includes a nature center, gym, hub for social justice groups, community garden, and a part-time ecumenical chapel. While the Princes are major donors here, other donors have contributed as well. Grace Farms runs initiatives such as its Arts Initiative, which develops and presents "new, collaborative, site-responsive works at the intersection of the visual, literary, and performing arts" and Justice Initiative, which develops "comprehensive strategies and partnerships that are designed to disrupt and combat all forms of contemporary slavery and gender-based violence." Through this initiative, among other things, the foundation also launched, with support from Quinnipiac Law School, a new educational course to train Connecticut lodging employees to detect and report human trafficking. The foundation runs Community, Nature, and Faith Initiatives.
Grace Farm's partners include New Canaan Land Trust, Cultural Alliance of Fairfield County, Schomburg Center for Research in Black Culture (New York Public Library), Save the Children, New Canaan YMCA, and Yale Divinity School.
LOOKING FORWARD: Expect the couple to continue to dig into work through their nascent Grace Farms Foundation. Perhaps they will eventually establish a more formal family foundation and diversify giving.