NET WORTH: Unknown
SOURCE OF WEALTH: Aktis Hanxi Group, Goldman Sachs
FUNDING AREAS: Social Services, Education, Medicine & Health Care and Arts & Culture, Asian Community
OVERVIEW: Danny Ong Lee, his wife Stephanie, and family move philanthropy through the Ong Family Foundation, which primarily seeks to fund programs that are comprehensive, community-based and preventive in nature. Interests include social services, education, medicine and healthcare, and arts and culture. The Foundation has provided over $4 million in grants, with a New York focus.
BACKGROUND: Danny Ong Yee graduated from Columbia. He was with Goldman Sachs for nearly two decades, where he was a pre-IPO general partner and held various domestic and international senior positions within sales and trading in the Fixed Income, Currencies & Commodities Division. He went on to found Aktis Hanxi Group, which is engaged in investment advisory and funds management.
ONG FAMILY FOUNDATION: The Ong Family Foundation was established in 1997 and has given more than $4 million to some 84 nonprofits, with a focus on the New York City area. The foundation has a strong web presence and accepts LOIs.
Grantees include the Korean American Family Service Center, Central Queens Academy, APEX for Youth, YMCA of Greater New York-Chinatown Branch, and Chinese-American Planning Council.
LOOKING FORWARD: Expect the family to stick with these interests.