NET WORTH: $2.6 billion
SOURCE OF WEALTH: Elliott Management Corporation
FUNDING AREAS: Policy, LGBT Rights, Jewish Causes, Health
OVERVIEW: Paul Singer, a signatory of the Giving Pledge, moves his philanthropy through the Paul E. Singer Foundation, which aims to “support and create innovative and effective organizations and initiatives that strengthen American democracy, the future of Israel as a Jewish and democratic state, and Jewish continuity.” His philanthropic initiatives are policy, LGBT rights, Jewish causes and health.
BACKGROUND: Paul Singer was born and raised in New Jersey. He studied psychology at the University of Rochester and earned a J.D. from Harvard Law School. Early in his career, he worked as an attorney with Donaldson, Lufkin & Jenrette, an investment bank. He founded his own hedge fund, Elliot Associates, in 1977, focusing on distressed assets and restructurings. The fund manages more than $25 billion in capital.
POLICY: Singer, a conservative, believes strongly in free-market principles. He is the chair of the board of trustees of the Manhattan Institute for Policy Research. He has also supported the nonpartisan organization Intelligence Squared US, which aims to “restore critical thinking, facts, reason and civility to American public discourse.”
LGBT: Singer started the American Unity PAC with $1 million in initial funding, in order to "encourage Republican candidates to support same-sex marriage." He has also supported the National Gay and Lesbian Task Force.
JEWISH CAUSES: Singer supports Jewish causes in the U.S. and Israel. Past grantees include the American Israel Education Foundation, the Friends of Israel Defense Forces, Hillel International and the Israel on Campus Coalition. Singer co-founded Start-Up Nation Central, an "organization committed to solving global problems through deepening ties between Israel’s start-up ecosystem and the global innovation economy."
HEALTH: Singer’s philanthropy in the area of health has prioritized cancer research and care. Past grantees include the Leukemia & Lymphoma Society, the Melanoma Research Alliance Foundation, and the Dana-Farber Cancer Institute.
LOOKING FORWARD: Singer will likely continue to support conservative policy development, LBGT issues and Jewish causes.