NET WORTH: Unknown
SOURCE OF WEALTH: Goldman Sachs, Energy Capital Partners
FUNDING AREAS: Health, Education, Athletics
OVERVIEW: Doug Kimmelman conducts his philanthropy through the Kimmelman Family Foundation and has invested in health, education and athletics. His giving generally centers around Los Angeles and New Jersey.
BACKGROUND: New Jersey native Douglas Kimmelman holds a B.A. in economics from Stanford University and an MBA from Wharton. He began his career at Goldman Sachs, where he worked in investment banking and specialized in the pipeline and utilities investments. In 2005, Kimmelman established Energy Capital Partners, an energy infrastructure investment firm.
HEALTH: Kimmelman’s wife, Carol, died in 2017 after a battle with ovarian cancer, and his foundation’s health funding has prioritized organizations that treat cancer in his home state of New Jersey. Past grantees include the Carol G. Simon Cancer Center at the Morristown, New Jersey Medical Center, the National Ovarian Cancer Coalition, the Cancer Hope Network, the Children’s Specialized Hospital of New Brunswick, and the Visiting Nurse Association of Somerset Hills.
EDUCATION: Education is of personal interest to Kimmelman, as his wife was once an elementary school teacher in South Central Los Angeles. Kimmelman chairs the board of Blair Academy, a private boarding school in New Jersey. He has also supported his Alma Mater, Stanford University, and serves on the advisory council of Stanford’s Precourt Institute for Energy. Other education grantees include the Somerset Hills Learning Institute, Chapman University, the Inner-City Scholarship Fund, the Bishop’s School, and the Newark Mentoring Movement.
ATHLETICS: Carol Kimmelman was an athlete and avid tennis player, and Kimmelman Family Foundation has helped to established the Carol Kimmelman Sports and Academic Campus in her honor. The center offers sports, enrichments and academic support to underserved children and teens in Los Angeles.
LOOKING FORWARD: In addition to the development of the sports and academic complex in Los Angeles, Kimmelman will likely continue to support organizations operating in New Jersey, prioritizing cancer care and education.
The Kimmelman Family Foundation does not provide a clear avenue of contact but below is an address:
The Kimmelman Family Foundation
750 3rd Ave., 11th Fl.
New York City, NY 10017