NET WORTH: Unknown
SOURCE OF WEALTH: Moelis & Company, Founder and CEO
FUNDING AREAS: Education & Youth, Health, Jewish causes.
OVERVIEW: Kenneth Moelis and his wife Julie move their philanthropy through the Ken and Julie Moelis Foundation. The couple's largest sums have gone to their mutual alma mater, the University of Pennsylvania. Other support has focused on Los Angeles, New York City and elsewhere. Moelis serves on the University of Pennsylvania Board of Trustees, among commitments.
BACKGROUND: Kenneth Moelis holds an undergraduate degree and an M.B.A. from the Wharton School at the University of Pennsylvania and began his investment banking career in 1981 at Drexel Burnham Lambert. Moelis was later head of corporate finance and co-head of the Los Angeles office of Donaldson, Lufkin & Jenrette. He was president of UBS Investment Bank before founding Moelis & Company, a global investment bank with a Los Angeles office.
EDUCATION & YOUTH: The Moelis Family has strong ties to University of Pennsylvania. Not only did Moelis and Julie attend the school, but so did the couple's sons, and Moelis' parents and brother. In 2008, a $5 million gift went to the Wharton Sports Business Initiative (WSBI). Penn received nearly $700,000 from the foundation in 2013, and nearly $850,000 the year before. In the Spring of 2017, Moelis and Julie gave $10 million to UPenn to establish the Ken Moelis and Julie Taffet Moelis Advance Access Program, a "deferred admission opportunity that will provide a pathway to a Wharton MBA for highly-qualified Penn undergraduates whose academic and career interests expand traditional notions of business education." Other, much more modest support has gone to Brandeis University, Harvard-Westlake School in Los Angeles, New York University (Julie's graduate school), and UCLA Foundation. Support has also gone to KIPP LA Schools, Harlem Junior Tennis & Education Program, and The Painted Turtle, a camp for youth suffering from serious disease.
HEALTH: Moelis sits on the board of the Tourette Syndrome Association and the board of governors of Cedars Sinai Hospital. Recent support has gone to Cedars Sinai, Susan G. Komen, and Melanoma Research Foundation. While the couple has funded hospitals and major diseases like cancer, grantmaking has also involved a number of other health causes. Recent money, for instance, has gone to Food Allergy Research & Education (FARE), Rett Syndrome Research Trust, and CureDuchenne, which deals with a muscle disease found in children. In addition, large sums have gone to national Tourette Syndrome Association.
JEWISH CAUSES: Grantees have included Jewish Federation of Greater Los Angeles and Temple Emanuel Beverly Hills.
OTHER: Modest funds have gone to the Ayn Rand Institute in Irvine. Grants have also gone to American Ballet Theatre and National Dance Institute, though arts don't seem to be a major focus of this funder.
LOOKING FORWARD: Only in his 50s, Moelis is still very much engaged in business, but could increase his giving down the line, particularly in Los Angeles and on the East Coast.
The Ken and Julie Moelis Foundation does not provide a clear avenue for contact, but below is an address:
The Ken and Julie Moelis Foundation
10866 Wilshire Blvd., 10th Fl.
Los Angeles, CA 90024