NET WORTH: Unknown
SOURCE OF WEALTH: General Atlantic
FUNDING AREAS: Education, Arts & Culture, Environment
OVERVIEW: David Hodgson and his wife Laurie move their philanthropy through the 5 51 5 Foundation. The Hodgsons’ giving focuses on the Northeast, particularly New York and Connecticut. Interests include education and the arts. Grantmaking was down in a recent year.
BACKGROUND: David C. Hodgson graduated from Dartmouth College in 1978 and received his MBA from Stanford in 1982. He joined General Atlantic that same year and has been with the firm for some three decades. General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies.
EDUCATION: Hodgson and Laurie, via their foundation, have supported Teachers College - Columbia University, Boston University, Denison University, Teach for America, and Stanford University. Hodgson is also a trustee of Dartmouth and co-chair of Echoing Green, a provider of fellowship support for entrepreneurs that he helped found.
ARTS & CULTURE: A factor here may be the Hodgson's son, who’s both autistic and passionate about art, particularly abstract painting. Grantees have included Kaufman Music Center, Falls Village Children’s Theater Company, TriArts at the Sharon Playhouse, and Daniel’s Music Foundation, a nonprofit organization that “provides free music programs for people with disabilities from 3-year-olds to adults in the NYC area.“ Hodgson is also chairman of Manhattan Theater Club.
ENVIRONMENT: The couple has supported environmental organizations via their foundation, among them National Audubon Society and Central Park Conservancy. They’ve also supported Cornell Lab of Ornithology.
LOOKING FORWARD: Annual grantmaking out of the 5 51 5 Foundation has waned in recent years. Earlier in the decade, several million dollars moved out of the foundation. Still, Hodgson is engaged in business. Expect the family’s philanthropy to stay with their select interest areas. Another focus area that may emerge is health, particularly around autism. Hodgson serves as Chairman of the Boards of Trustees of Johns Hopkins Medicine, The Johns Hopkins Health System Corporation and The Johns Hopkins Hospital.
5 51 5 Foundation does not provide a clear avenue of contact but below is an address:
The 5 51 5 Foundation
755 Park Ave., Apt 12B
New York City, NY 10021