NET WORTH: Unknown
SOURCE OF WEALTH: Goldman Sachs; Satter Investment Management
FUNDING AREAS: Educational Opportunity, Human Rights & Democracy, Health & Human Services, Environment, Economic Opportunity, Veterans, Arts
OVERVIEW: Muneer Satter and his wife Kristen Hertel move their philanthropy through the Satter Foundation, which gave away around $6 million in a recent fiscal year. The couple's philanthropy through their foundation is varied, but top interests include education in Chicago, and promoting human rights and democracy. The couple has also been supportive of their mutual alma mater Northwestern, the recent recipient of a $10.5 million gift.
BACKGROUND: Muneer Satter received a B.A. from Northwestern University, and a J.D. and MBA from Harvard. Satter joined Goldman Sachs in 1988 and moved to London in 1992 to launch and co-head the firm’s merchant banking group in Europe. Satter returned to New York and was the global head of the mezzanine group. He was also a partner of the firm for sixteen years. Satter now manages Satter Investment Management (SIM), a private investment firm and family office. Satter and his wife Kristen live in Winnetka, Illinois.
EDUCATION & YOUTH: Satter and his wife Kristen are primary supporters of New Schools for Chicago, which opens and supports charter and district-run schools. Between 2011 and 2016, the Satter Foundation gave between $1 and $2 million to New Schools for Chicago alone. The couple via their Satter Foundation have supported places like Edify, Junior Achievement, New Schools for Chicago, Noble Network of Charter Schools, Room to Read, and Ounce of Prevention.
The couple also supports higher education. Satter has supported Harvard Law and Harvard Business School recently. The couple has also steadily supported their mutual alma mater Northwestern University. In 2015, Satter and Kristen gave a $10.5 million grant to Northwestern. Most of the gift will support the Satter Foundation Scholarship program at Northwestern University Feinberg School of Medicine.
HUMAN RIGHTS & DEMOCRACY: Satter's father was born in India and immigrated to the United States. His mother, meanwhile, was a Civil Rights activist during the 1950s. Driven in part by these forces, Satter and Kristen's grantmaking via their foundation involves these issues. The couple has supported places like the New Venture Fund (NVF), which works to "achieve a healthier, more equitable world; Human Rights Watch; AmeriCares; and Samasource, which "connects low-income people in Kenya, Uganda, India, and Haiti to internet-based work to help them move out of poverty."
ARTS & CULTURE: The Satter couple's arts and culture philanthropy is focused in on the Chicago area. Grantees have included Chicago Botanical Garden, Chicago Symphony Orchestra, Chicago Zoological Society, Joffrey Ballet, and Lyric Opera of Chicago.
HEALTH & HUMAN SERVICES: The couple via their foundation have recently funded outfits like Friedman Brain Institute, Lurie Children's Hospital, Mayo Clinic, Northwestern University Health System, and the Rehabilitation Institute of Chicago. On the human services front, grantees have included United Way, Family Service of Winnetka, Greater Chicago Food Depository, and the Robin Hood Foundation.
LOOKING FORWARD: Only in his mid 50s, Satter is running an active philanthropic operation with his wife Kristen. It's worth noting that a component of this couple's varied philanthropy also involves the environment and supporting veterans. In the past, Satter and Kristen also supported right of center policy outfits like AEI.