NET WORTH: Unknown
SOURCE OF WEALTH: Chairman and Founder of Lightyear Capital.
FUNDING AREAS: Education, Arts & Culture, Health & Human Services, NYC Community.
OVERVIEW: Donald Marron moves his philanthropy through the Donald B. Marron Charitable Trust. Huge support has gone to the New York Public Library, an outfit Donald's wife Catherine once chaired. Support has also gone to other arts and culture institutions, mainly in New York. Another area of interest is education—Marron recently pledged $40 million to NYU for the Marron Institute on Cities and the Urban Environment.
BACKGROUND: A lifelong New York City resident, Donald B. Marron attended New York City public schools and the City University of New York. Marron began his career at the New York Trust Company. Marron also served as president and CEO of Mitchell Hutchins, a leading U.S. institutional research firm, and co-founded Data Resources Inc. Marron also served as chairman of UBS America until 2003. He founded and serves as chairman of Lightyear Capital. Marron was once on the Forbes billionaire list but it's unclear how much he's currently worth.
EDUCATION: In 2013, Marron made a large $40 million gift to New York University to launch the Marron Institute on Cities and the Urban Environment, a new hub for research on cities and the urban environment. Marron, through his Donald B. Marron Charitable Trust, has recently supported outfits such as Abyssinian Development Corporation, which works in educational programming, human services and community development; Association to Benefit Children, a "children's advocacy group with an array of programs that provide services in education, health, housing, mental health and employment"; Barnard College, which received $350,000 in the 2014 fiscal year; Bronx High School of Science Alumni Association; Dwight School Foundation; University of Michigan; Franklin & Marshall; Spence School; Skidmore College; and Georgetown University, which received $750,000 in the 2013 fiscal year. Support has also gone to Harvard, where he's funded a graduate scholarship in his name.
ARTS & CULTURE: Recent grants have gone to Carnegie Hall, which received a $200,000 grant in the 2014 fiscal year; the Met; Metropolitan Opera; Municipal Art Society of New York; Modern Museum of Art, where Marron is president emeritus; Neue Galerie New York; New York Philharmonic; and Tate Americas Foundation, an "independent charity that supports the work of Tate in the United Kingdom." Marron has given millions to the New York Public Library, where Marron's wife Catherine once served as chairman and is currently on the board of trustees. Catherine is also the chair of Friends of the High Line, and is passionate about green spaces. It's worth mentioning that only Donald is on the books of the Donald B. Marron Charitable Trust, and Catherine has her own charitable vehicle, through which small sums have been channeled of late.
HEALTH & HUMAN SERVICES: Recent money has gone to Memorial Sloan Kettering Cancer Center; Association for Frontotemporal Degeneration; New York-Presbyterian Hospital; Breast Cancer Research Foundation; and Muscular Dystrophy Association. Sums have also gone to human services outfits such as Coalition for Homeless and Phoenix House, a nonprofit drug and alcohol rehabilitation organization.
OTHER: A component of Marron's philanthropy involves international and policy issues. Recent grantmaking has includes outfits such as Council on Foreign Relations, Center for Strategic and International Studies, and Center for the Study of the Presidency and Congress. Money has also gone to LGBT Community Foundation.
LOOKING FORWARD: In his 80s, Marron is likely to continue funding his established interest areas, with education and arts and culture being a priority.
Donald B. Marron Charitable Trust has no website or any apparent process for applying for grants. But the address is below.
Donald B. Marron Charitable Trust
9 W. 57th St., 31st. Fl.
New York, NY 10019
Telephone: (212) 884-0198