NET WORTH: $2 billion
SOURCE OF WEALTH: Highbridge Capital Management
FUNDING AREAS: Health Care, Arts & Culture, NYC Community
OVERVIEW: Glenn Dubin is a founding board member of the Robin Hood Foundation, the largest poverty fighting organization in New York City, and is also on the board of New York's Museum of Modern Art, and the Mount Sinai Hospital. He and his wife also have their own family foundation, which currently holds about $61 million in assets, but whose giving has been sporadic at best.
BACKGROUND: Glenn Dubin grew up in Manhattan, the son of Jewish immigrants, and attended Stony Brook University on Long Island, getting his degree in economics. He began his career on Wall St. as a retail stockbroker for E.F. Hutton & Co. before starting Dubin & Swieca, and then Highbridge Capital Management. JP Morgan Chase purchased a majority interested in Highbridge in 2004, and retained Dubin to manage its now $27 billion in assets. Dubin's wife, Eva Andersson, is a medical doctor, originally from Sweden.
PHILOSOPHY: In his Giving Pledge letter, Dubin confesses to feeling a bit shy around the topic of philanthropy: “In fact, it took me some time to become comfortable with publicly stating my intention to give at least half of my wealth over my lifetime because I’ve always viewed philanthropy as a personal and private matter.” This may explain why it can sometimes be hard to follow Dubin's money, or know if he's really been engaging in much philanthropy at all. His giving record does seem to indicate, however, that he prefers to give out large donations to a small number of organizations rather than spreading the money around.
EDUCATION: Dubin is a major donor to his alma mater, Stony Brook University, having shelled out $4.3 million to help construct the Dubin Family Athletic Performance Center, and another $5 million to go towards a new Indoor Training Center. He has also given $5 million to Harvard's Kennedy School of Government to create the Dubin Fellowship for Emerging Leaders, and his wife is a board member of the Karolinska Institutet in Stockholm, and the Trinity School in Manhattan, presumably where one or more of their children attended. Sums have also gone to Riverdale Country School, where the couple is part of the Tower Society, recognizing some of the school's most generous donors.
HEALTH: The Dubins have given at least $16 million to Mount Sinai Hospital, where Dubin is a trustee, helping to found the Dubin Breast Center there. Andersson-Dubin, who is an in-house physician at NBC, is a breast cancer survivor, and has devoted herself to promoting research and care. She also sits on the board of the Alliance for Lupus Research and the Michael J. Fox Foundation, which is dedicated to curing Parkinson’s disease.
NYC COMMUNITY: As a founding member of the Robin Hood Foundation, Dubin has given at least $6.5 million to the organization.
ARTS & CULTURE: Dubin is on the board of the Museum of Modern Art, though if he's been doing any giving there recently, it's been done so quietly. Dubin also made the list on ARTNews’s Top 200 Collectors in 2012.
LOOKING FORWARD: Though Dubin signed the Giving Pledge in 2010, we still haven't seen much of it go out the door. Though Dubin is known to do much of his giving outside his family foundation, the only gift his family foundation made in 2012 was to Mt. Sinai for $3.8 million. Compared to the $8 million in grants the foundation made all the way back in 2005, and the almost no money that went out the door in 2009 and 2010, and Dubin's giving has been sporadic at best. With nearly a billion to give away to fulfill his pledge, we should start seeing larger chunks go out the door soon. Perhaps some of it will be directed toward the Celina Dubin United Fund, his daughter's foundation, which so far has neither amassed nor given much.
G. & E. Dubin Family Foundation
c/o Daniel DePaoli, WTAS, LLC
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