NET WORTH: $3.1 billion
SOURCE OF WEALTH: Chairman and CEO of Och-Ziff Capital Management Group
FUNDING AREAS: Education, Jewish Causes, Health, NYC Community
OVERVIEW: Och and his wife Jane live in Westchester County, and their philanthropy centers around New York City. Och sits on the board of directors of the Robin Hood Foundation, and has given millions to that organization. Millions have also gone to New York Presbyterian Hospital, where Och has served on the board of trustees since 2005. Other philanthropy has focused in on Jewish causes and supporting the schools that he's attended.
BACKGROUND: Daniel Och grew up in New Jersey and attended Wharton, receiving a B.S. in Finance. Och spent 11 years at Goldman, Sachs & Co, starting out in the risk arbitrage department. Other roles included head of proprietary trading in the equities division and co-head of U.S. equities trading. In 1994, Och founded Och-Ziff Capital Management Group with an initial investment from the Ziff brothers. Och-Ziff Capital Management Group is one of the largest institutional alternative asset managers in the world, with nearly $50 billion in assets under management as of this writing.
EDUCATION: Och's alma mater, University of Pennsylvania, has received millions. The Ochs don't really spread their money around widely, but instead give rather large sums to twenty or so outfits of late. Another big winner in this area is Solomon Schechter Day School of Essex and Union, a grade school that Och attended, which recently changed its name to Golda Och Academy. The ties here are strong. It's not just that Och attended the school. As well, Och's parents were among the founding families of the school in the 1960s. Och gave Solomon Schechter $15 million in 2010 alone. Under its new name, Golda Och Academy continues to be supported. Och has also given to Cornell and on the K-12 front has supported Khan Academy and College Summit.
JEWISH CAUSES: Och is on the honorary board of Birthright Israel Foundation, which the couple supports. Millions have also gone to the UJA Federation of New York, and support has gone to Hillel: The Foundation for Jewish Life, and several other outfits in the past few years.
HEALTH: Och has been a trustee of New York Presbyterian Hospital since 2005. Millions have gone to the hospital. Support has also recently gone to the Duke Cancer Institute, the Hospital for Special Surgery, and White Plains Hospital in Westchester County.
NEW YORK CITY COMMUNITY: Och is yet another hedge funder who sits on the board of the Robin Hood Foundation and supports the antipoverty organization.
LOOKING FORWARD: So far, Och's philanthropy is just getting started, but with billions to tap, he and his family's philanthropy should be watched closely.
The Jane and Daniel Och Foundation provides no clear avenue for getting in touch with the couple, but an address is listed below:
The Jane and Daniel Och Foundation
77 Water St., 9th Floor
New York, NY 10005