Richard and Alison Ressler

NET WORTH: Unknown

SOURCE OF WEALTH: Cofounder CIM Group; Founder and President of Orchard Capital

FUNDING AREAS: Education, Health

OVERVIEW: Richard Ressler and his wife Alison S. Ressler, an attorney, move their philanthropic contributions through the Ressler Family Foundation. The couple have been supporters of their mutual alma maters Brown, which has received millions, and Columbia Law School. Like his billionaire brother Antony Ressler, Richard Ressler also owns a stake in the Milwaukee Brewers and the couple's philanthropy supports outfits like the New York Junior Tennis League. Sums have also gone to health and to assorted causes in Los Angeles. 

BACKGROUND: Richard Ressler received his B.A. from Brown University, and his J.D. and M.B.A. degrees from Columbia University. Ressler began his career in 1983 with Cravath, Swaine and Moore, working on public offerings, private placements, and merger and acquisition transactions. Ressler cofounded CIM in 1994 and, through an agreement with Orchard Capital, chairs its investment and asset management committees. CIM is a full service urban real estate and infrastructure fund manager. 

ISSUES:

EDUCATION: The couple's mutual alma mater, Brown University, received more than $3 million in 2013, more than $2 million in 2010, and $4 million in 2009 alone. Alison Ressler serves on the board of Brown. Ressler and Alison also hold law degrees from Columbia, which they support. Apart from these schools, UCLA recently received support. The couple has also supported Homeboy Industries, which provides education, employment training and other programming for former gang-involved and incarcerated men and women.

The couple has also given large sums to Painted Turtle, a multi-disease camp and family care center in California which Antony Ressler and his wife helped found. Ressler and Alison have also supported KIPP LA, and New Village Charter School.

HEALTH: The couple has an interest in health and has supported Children's Hospital Los Angeles, FasterCures, and the SLE Lupus Foundation. A large $250,000 gift went to Melanoma Research Alliance in 2010.

OTHER: Ressler and his wife both hold J.D.s and have an interest in criminal justice. Alison is a prominent attorney and partner at Sullivan & Cromwell. The couple has supported the Public Counsel Law Center, and the Center for Wrongful Convictions. The Resslers have also supported Jewish outfits such as the Wilshire Blvd Temple, and sports outfits like New York Junior Tennis League.

LOOKING FORWARD: Brown University has received the most money from Ressler. The couple is still very much engaged in business. So far, their philanthropy has focused on Los Angeles, where they live, and New York.

CONTACT:

The Resslers' foundation has no website and no clear grantmaking process, but an address is below

Ressler Family Foundation
4700 Wilshire Blvd
Los Angeles, CA 90010

LINKS:

CIM Group Richard Ressler Profile