NET WORTH: $2.5 billion
SOURCE OF WEALTH: Bloomberg L.P.
FUNDING AREAS: Environment, Arts & Culture, Education, Health, Jewish Causes
OVERVIEW: Tom Secunda and his wife Cindy signed the Giving Pledge in 2011, and now the Secunda Family Foundation appears to be ramping up, giving away several million dollars a year. Interests include conservation and arts and culture, Secunda has served as chairman of the board for the National Parks Conservation Association. He also serves on the boards of the Manhattan Theater Club and the Intrepid Museum Foundation.
BACKGROUND: Thomas Secunda grew up in Bethpage, N.Y., and received both his bachelor’s and master’s in mathematics from Binghamton University. He started his career on Wall St. as a fixed-income trader at Morgan Stanley, and also worked at Salomon Brothers before becoming one of the co-founders of Bloomberg L.P.
ENVIRONMENT: The Secundas have steadily supported the National Parks Conservation Association, where he once served as chair. Other grantees have included Friends of Westchester County Parks, Wave Hill, National Parks of NY Harbor Conservancy, the Governor’s Island Alliance, and Scenic Hudson have received smaller amounts of funding.
ARTS & CULTURE: The couple has supported the Intrepid Museum Foundation and Manhattan Theater Club, as well as places like Hudson Stage Company, the Jacob Burns Film Center, the Little Orchestra Society, and the Public Art Fund. And while most of the money stays close to home, the Secundas have supported the Opera Training Institute of Chicago.
EDUCATION: In addition to his alma mater and other schools with family affiliation, Secunda has giving general purpose donations to a number of schools in New York and a few that are farther away, including Johns Hopkins, Harvey Mudd College, and Northwestern University.
HEALTH: While the Secundas have yet to unleash their fortune to tackle health issues in a major way, they do make modest donations to a variety of health organizations on a regular basis, including the Lance Armstrong Foundation, Susan G. Komen for the Cure, the Muscular Dystrophy Association, the SLE Lupus Foundation, and the Foundation for Gender Specific Medicine.
NYC COMMUNITY: The family has been a contributor to the Fund for the City of New York, as well as the Mayor’s Fund to Advance New York. He’s also been a contributor to the Inner City Scholarship Fund, the YMCA of Greater NY, and others.
JEWISH COMMUNITY: The couple makes significant contributions to several Jewish organizations, most notably the American Israel Education Foundation, American Jewish Joint Distribution, and the UJA Federation.
LOOKING FORWARD: In their Giving Pledge letter, the Secundas state that they are looking forward to delving into new areas of philanthropy in the coming years, so we may see an expansion in their current areas of interest, but we may also start seeing larger contributions in areas where they have only just gotten their feet wet, such as health and education. Certainly, the influx of cash into their family foundation over the last couple years shows that they are preparing to start giving away more significant chunks of their money. And they’ll have to if they plan on fulfilling their Giving Pledge.
Secunda Family Foundation
℅ Geller & Co., P.O. Box 1510
New York, NY 10150