Wharton graduate Kenneth Moelis founded Moelis & Company following stints at Drexel Burnham Lambert, Donaldson, Lufkin & Jenrette, and others major financial industry outfits. Moelis has spent a good portion of his career in Los Angeles, which may explain why some of the family's philanthropy is focused there. Founded by Moelis and his wife Julie, also a Wharton alum, the Ken and Julie Moelis Foundation has given in the neighborhood $1 million annually in recent years. The foundation doesn't have much of a web presence, or a clear way to get in touch. Still, Moelis, only in his 50s, is another wealthy wall street funder to keep an eye on for greater philanthropy down the line. Here are a few must-knows:
1. Moelis Gives Large Sums to the University of Pennsylvania
The Moelis Family's connection to Penn spans three generations. Moelis and Julie met on campus as students and two of the couple's kids are recent graduates of the school as well. In 2008, a $5 million gift went to the Wharton Sports Business Initiative (WSBI). Other philanthropy at Penn has involved scholarships and support for the construction of Jon M. Huntsman Hall. In 2013, Penn received nearly $700,000 from the Moelis foundation, and close to $850,000 in 2012.
2. Other Education Outifts Have Been Supported
Much more modest support has gone to Brandeis University, Harvard-Westlake School in Los Angeles, New York University (Julie's graduate alma mater), and UCLA Foundation. Support has also gone to KIPP LA Schools, and Harlem Junior Tennis & Education Program.
3. The Foundation Supports a Range of Health Causes
Moelis sits on the board of the Tourette Syndrome Association, and the board of governors of Cedars Sinai Hospital. Recent support has gone to Cedars Sinai, Susan G. Komen, and Melanoma Research Foundation. While the couple has funded hospitals and research into major diseases like cancer, they have also supported outfits such as Rett Syndrome Research Trust, and CureDuchenne, which deals with the most common form of childhood muscular dystrophy, and Food Allergy Research & Education (FARE). I've written before about a niche of wealthy funders who are deep into allergy research.
In addition, the foundation has given large sums to the national Tourette Syndrome Association, including a $100,000 grant in 2012. It's also given to Jewish outfits such as Temple Emanuel Beverly Hills, and to arts institutions.
Related: Kenneth D. Moelis Profile