David and Andrea Baum

SOURCE OF WEALTH: Goldman Sachs 

FUNDING AREAS: Education & Youth, Arts, Jewish Causes

OVERVIEW: David and Andrea Baum conduct their philanthropy through the David and Andrea Baum Family Foundation, which gave away around $164,000 from 2017 to 2018 and over $550,000 from 2015 to 2018. The family supports Jewish causes and schools with which they have a personal connection. Their giving primarily centers around the Northeast.

BACKGROUND: David M. Baum graduated with a bachelor’s in accounting from Indiana University in 1986. He joined Goldman Sachs, where he was named managing director in 1996 and partner in 1998. He held numerous leadership roles at Goldman, including co-head of the firm’s mergers & acquisitions practice in the Americas. Baum went on to become president of Revolution Golf, one of the world’s leading digital media companies focused on the core golfer. 

ISSUES:

EDUCATION & YOUTH: The couple alma maters, Brown and Harvard Business School. Andrea is heavily involved with Brown, where the couple are also parents. Andrea is a Brown corporation member as well as co-chair of the president's advisory council on internships. The foundation has awarded Brown University nearly $400,000 over multiple grants between 2010 and 2018. The Baums have supported The Pingry School, where their children attended, and Martha's Vineyard Youth.

ARTS: Grantees include Martha's Vineyard Theater Foundation, which was awarded a grant for over $26,000 in 2018. Other grantees include New York Public Radio, and Cirio Collective, a "collective created by Jeffrey and Lia Cirio to explore and develop new choreography."

JEWISH CAUSES: Andrea was on the board of Temple Sharey Tefilo Israel in South Orange, NJ, for over ten years and the couple supports the synagogue. The temple recieved a nearly $62,000 grant from the foundation in 2018. Other grantees include Brown Hillel, U.S. Holocaust Memorial Museum, and Chabad of the East Bay. Note that Baum has ties to Northern California. 

OTHER: The family has made grants to social service and medical organizations like YMCA of Martha's Vineyard and Dana Farber Cancer Institute.  

LOOKING FORWARD: Expect the Baums to stick with their interest areas. While annual grantmaking has been modest lately, it is possible that their giving will increase in coming years. Both Baums are Goldman Sachs veterans and Baum was a pre-IPO partner, netting him millions.

CONTACT:

David Baum
60 Woodcrest Avenue
Short Hills, NJ 07078
(973) 564-5060