Tully and Elise Friedman

NET WORTH: Unknown

SOURCE OF WEALTH: Hellman & Friedman

FUNDING AREAS: Arts & Culture, Education & Youth, Policy

OVERVIEW: Tully Friedman and his wife Elise move philanthropy through the Tully and Elise Friedman Fund. The Bay Area is a priority. Friedman’s board memberships include co-chairman of American Enterprise Institute. 

BACKGROUND: Tully M. Friedman graduated with an A.B from Stanford University and received a J.D. from Harvard Law School. Friedman co-founded Hellman & Friedman, which from 1984 through early 1997 established private equity partnerships representing more than $2.5 billion. Friedman went on to found FFL Partners.


ARTS & CULTURE: Friedman and Elise, via their foundation, have supported Telluride Film Festival, Friends of the San Francisco Symphony, Mountain Film Society, California Shakespeare Theatre, and the Pinhead Institute, a Smithsonian Affiliate organization in Telluride, Colorado. Tully serves as vice chair of the Telluride Foundation, and as a director of the George Lucas Museum of Narrative Art.

POLICY: Tully Friedman serves as co-chairman of the board of American Enterprise Institute, which the couple supports.

EDUCATION & YOUTH: Grantees have included Prep for Prep, Boys & Girls Club of San Francisco, Junior League of San Francisco, St. Paul’s School (which received a seven-figure gift recently), and San Francisco Rock Project, a nonprofit music school.

LOOKING FORWARD: Besides a large gift to St. Paul’s School, which put the foundation’s annual grantmaking above $1 million, the couple’s gifts via their foundation have not been overwhelming. In general, the Friedmans stick to the Bay Area and Colorado. Friedman reportedly plans to stick with TFL for a few more years, so perhaps after that more money will start to move through the fund.


The Tully and Elise Friedman Fund does not provide a clear avenue of contact but below is an address:

Tully and Elise Friedman Fund
65 Raycliff Terr.
San Francisco, CA 94115