NET WORTH: Unknown
SOURCE OF WEALTH: Goldman Sachs
FUNDING AREAS: Education & Youth, Arts, Jewish Causes
OVERVIEW: David and Andrea Baum move their philanthropy through the David and Andrea Baum Foundation, which gave away around $213,000 in a recent year. The family supports schools with which they have a personal connection. Another interest is Jewish causes. The Northeast is an important region of giving.
BACKGROUND: David M. Baum graduated with a bachelor’s in accounting from Indiana University in 1986. He joined Goldman Sachs, where he was named managing director in 1996 and partner in 1998. He held numerous leadership roles at Goldman, including co-head of the firm’s mergers & acquisitions practice in the Americas. Baum went on to become president of Revolution Golf, one of the world’s leading digital media companies focused on the core golfer.
EDUCATION & YOUTH: The couple supports David's alma mater, Indiana University, as well as Andrea's schools, Brown and Harvard Business School. Andrea is heavily involved with Brown, where the couple are also parents. Andrea is a Brown corporation member as well as co-chair of the president's advisory council on internships. The Baums have supported The Pingry School, where they're parents, and Martha's Vineyard Youth.
ARTS: Grantees include Martha's Vineyard Theatre Foundation, New York Public Radio, and Cirio Collective, a "collective created by Jeffrey and Lia Cirio to explore and develop new choreography."
JEWISH CAUSES: Andrea was on the board of Temple Sharey Tefilo Israel in South Orange, NJ, for over ten years and the couple supports the synagogue. Other grantees have included Brown Hillel, U.S. Holocaust Memorial Museum, and Chabad of the East Bay. Note that Baum has ties to Northern California.
OTHER: The family has made grants to social service and medical organizations like YMCA of Martha's Vineyard and Dana Farber Cancer Institute.
LOOKING FORWARD: Expect the Baums to stick with their interest areas. While annual grantmaking has been modest lately, it's possible that giving will increase in coming years. Both Baums are Goldman Sachs veterans and Baum was a pre-IPO partner, netting millions.
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