HedgeCo.net – New York, July 30, 2007 – Assets in the Absolute Return Top 25 U.S. Hedge Fund Foundations have ballooned to $3.52 billion, according to an analysis of recent tax filings by Absolute Return magazine. That’s a 76.8% increase over the $1.99 billion these largest hedge fund foundations held in the prior year.<\/p>\n
Over the same period, total contributions to the 25 largest foundations increased 190%, to $865 million, giving hedge fund managers more clout in the philanthropic scene.<\/p>\n
The largest hedge fund foundations – meaning philanthropies formed by current or retired hedge fund managers – were founded by the industry’s elder statesmen. The biggest foundation is George Soros’s Open Society Institute, which has assets of $858.9 million. Julian Robertson’s Robertson Foundation takes second, with $659 million.<\/p>\n
The largest philanthropic organization with multiple donors is The Robin Hood Foundation, with $215.3 million.<\/p>\n
The data reflect totals for a foundation’s most recent filing with the Internal Revenue Service.<\/p>\n
The entire list of Top 25 U.S. Hedge Fund Foundations, along with each foundation’s total annual giving, appears in the July\/ August issue of Absolute Return.<\/p>\n
Top Five U.S. Hedge Fund Foundations (Single Donor)<\/p>\n
1 George Soros Soros Fund Management Open Society Institute Total assets $858.9M Gifts received $377.4M Total giving $78.4M<\/p>\n
2 Julian Robertson Tiger Management Robertson Foundation Total assets $659.0M Gifts received $31.3M Total giving $21.9M<\/p>\n
3 Jim Simons Renaissance Technologies The Simons Foundation Total assets $324.8M Gifts received $56.8M Total giving $17.1M<\/p>\n
4 Robert W. Wilson Retired hedge fund manager The Robert W. Wilson Charitable Trust Total assets $166.8M Gifts received $54.9M Total giving $52.4M<\/p>\n
5 Boone Pickens BP Capital Management T. Boone Pickens Foundation Total assets $135.0M Gifts received $135.0M<\/p>\n
TOP U.S. HEDGE FUND FOUNDATION (MULTIPLE DONORS)<\/p>\n
Paul Tudor Jones The Robin Hood Foundation Total assets $215.4M Gifts received $106.4M Total giving $64.4M<\/p>\n
Source: Absolute Return, Foundation Center Data reflect totals for a foundation’s most recent filing with the Internal Revenue Service, which could include yearend data for its 2004, 2005 or 2006 fiscal year.<\/p>\n
About Absolute Return Brendan F. McManus HedgeCo.net – New York, July 30, 2007 – Assets in the Absolute Return Top 25 U.S. Hedge Fund Foundations have ballooned to $3.52 billion, according to an analysis of recent tax filings by Absolute Return magazine. That’s a 76.8% increase […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-6372","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6372"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6372\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Absolute Return is the leading source of U.S. hedge fund news and information, featuring proprietary data and analysis on over 1,600 U.S. single-manager hedge funds. Absolute Return, a monthly magazine, and the Absolute Return Directory and Database are divisions of HF Intelligence, a global provider of hedge fund news and data. For more information, please visit www.hedgefundintelligence.com\/ar<\/a><\/p>\n
Assistant Account Executive
Global Capital Practice Group
Walek & Associates | Financial & Corporate Communications
317 Madison Ave. | Suite 2300 | New York | NY | 10017
Direct: 212.590.0524 | Fax: 212.889.7174 | Cell: 201.819.2918
E-mail: bmcmanus@walek.com<\/a> | www.walek.com<\/a>
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