NET WORTH: Unknown
SOURCE OF WEALTH: Highland Capital Partners, Boston Celtics
FUNDING AREAS: Education & Youth, Health & Human Services, Arts & Culture, Boston community
OVERVIEW: Wyc Grousbeck moves his philanthropy through the Grousbeck Trust. Grousbeck chairs the Massachusetts Eye and Ear Infirmary, which he’s strongly supported. Boston serves as an important region of philanthropy.
BACKGROUND: Born in Weston, Massachusetts, Wycliffe Grousbeck graduated from Princeton in 1983, earned a law degree from University of Michigan in 1986, and an MBA from Stanford Business School in 1992. Grousbeck was a general partner of Highland Capital Partners and has been managing partner, governor and CEO of the Boston Celtics since 2002, after spearheading a local investment group that acquired the NBA team.
EDUCATION & YOUTH: Grousbeck and his ex-wife Corrine have been particularly supportive of Perkins School for the Blind, which their son attended. Corrine chairs the board of Perkins. Grousbeck, via his foundation, has also supported Lesley University (his son's school), Boys and Girls Club Boston, Michigan State University, and Stanford University, where his father and Continental Cablevision cofounder H. Irving Grousbeck, is a professor.
HEALTH & HUMAN SERVICES: Grousbeck has been particularly supportive of Massachusetts Eye and Ear Infirmary, which he’s chaired since 2010. Other grantees have included Breast Cancer Research Foundation, Children’s Hospital Boston, and Foundation Fighting Blindness.
ARTS & CULTURE: Grousbeck, via his foundation, has supported Boston Ballet and Isabella Stewart Gardner Museum.
BOSTON COMMUNITY: Grantees have included Boston Celtics Shamrock Foundation, and The New England Patriots Charitable Foundation.
LOOKING FORWARD: In the wake of a divorce from Corrine and new marriage, it’s unclear what direction Grousbeck’s giving will take. Given the personal elements involved, though, expect issues of vision and blindness to remain a high priority. The family also has ties to California, which may emerge as another significant site of giving.
The charity provides no formal application procedures, but is open to contact:
Wycliffe K Grousbeck Trustee
226 Causeway Street, 4th Floor
Boston, MA 02114