NET WORTH: Unknown
SOURCE OF WEALTH: Coastview Capital, Amgen
FUNDING AREAS: Education & Youth, Policy, Arts & Culture, Health & Human Services, Jewish Causes
OVERVIEW: Gordon Binder and his wife Adele move their philanthropy through the Binder Foundation, which has given in the neighborhood of $1 million annually in recent years. Binder serves on the board of American Enterprise Institute, which has received the foundation's largest sums of late. Other areas of interest include education and the arts. Los Angeles and Massachusetts serve as important regions of giving.
BACKGROUND: The son of schoolteachers, Gordon M. Binder was raised in New Mexico and won a Navy ROTC scholarship to Purdue. After earning a degree in electrical engineering in 1957, Binder served on the aircraft carrier Intrepid and then received an MBA from Harvard Business School. Binder joined Ford and then Amgen, serving as CEO and chairman from 1988 to 2000. He later founded Coastview Capital, a firm that primarily invests in the life sciences sector.
EDUCATION & YOUTH: Binder and his wife Adele, via their foundation, split their grantmaking in this area between institutions in Los Angeles and Massachusetts. In Los Angeles, grantees have included Caltech, Big Brothers Big Sisters of Greater Los Angeles, Independent School Alliance, PS Arts, Baby2Baby, and Colburn School. In Massachusetts, several private schools like Dana Hall School, Dexter School, and Meadowbrook School have been supported. The Binders have also supported MIT, where Binder is a life member emeritus of the MIT Corporation.
POLICY: Binder serves on the board of American Enterprise Institute (AEI), which has received six-figure gifts in recent years. The Binder Foundation's largest grants have gone to AEI of late.
ARTS & CULTURE: Grantees have included Institute of Contemporary Art, Los Angeles Opera, Los Angeles Philharmonic, Greater Los Angeles Zoo, and Isabella Stewart Gardner Museum.
JEWISH CAUSES: The Binders have supported Wilshire Boulevard Temple and Bet Tzedek, which provides "free, comprehensive legal services for low-income individuals and families in Los Angeles."
HEALTH & HUMAN SERVICES: Grantees have included Cedars-Sinai Medical Center, Children’s Hospital Los Angeles, Vincent Memorial Hospital, Boston Children’s Hospital, and Union Rescue Mission.
LOOKING FORWARD: With ties to both coasts, expect Los Angeles and Boston to remain prime giving regions for the Binders. It's unclear if giving will rise in the coming years.
The Binder Foundation does not provide a clear avenue of contact but below is an address:
225 S. Lake Ave., Ste. 300
Pasadena, CA 91101