Despite calling for the company to be broken up in May, Hughes has a stake in Facebook worth $850 million, Lacy O'Toole/CNBC/NBCU Photo Bank via Getty Images. The Bay Area real estate billionaires (and their children) are familiar faces in the regional philanthropy scene. Stacy Schusterman, Regan Pritzker, . REGAN PRITZKER Age: 46 | Connection: Daughter of Nick, granddaughter of Jack A teacher who has three children. Were here to equip you with the tools you need to make a meaningful impact. The hotel heiress Regan Pritzker and her husband, Chris Olin, created the Kataly Foundation in 2018 with $445 million in assets. The British investor and asset manager funds environmental advocacy groupsmost of them big-namethrough his Grantham Foundation for the Protection of the Environment. The conversation is very exciting, with donors telling us, This is the nudge I needed, and families talking about values and what they wanted to give, says Jennifer, who delved into issues about money and family dynamics in her 2020 memoir, Lewis is fostering those high standards through, Reginald went on to become a prominent corporate-takeover financier, a self-made multimillionaire and the first Black man to own a company with more than $1 billion in annual revenues, TLC Beatrice International Holdings Inc., before his death at age 50 from brain cancer in 1993. View Regan Pritzker's professional profile on LinkedIn. Bowditch is a Massachusetts-based lawyer who serves on the board of trustees of the Bigelow Laboratory for Ocean Sciences, according to her biography on the Laboratory's website. Illinois Gov. Along with his wife, Cindy, Jay Pritzker had acted as a surrogate parent during Penny's difficult adolescent years. She isthe daughter of philanthropist Agnes Gund. The couple support progressive advocacy and movement groups, and have been active with the Democracy Alliance. We believe its necessary to have projects like Libra and projects like Kataly, Agbo said, in the spirit of understanding how all our foundations are part of an ecosystem. She added, We need to break the habit that philanthropy can have, that there can be only one right way.. Marilyn and Jeffrey Katzenberg Foundation While some have transparent foundations, many more do their giving in an opaque fashion that can frustrate fundraisers. . The Kataly Foundation was created in 2018 by Regan Pritzker and Chris Olin. A Democratic mega-donor, Stryker moves her philanthropy through the Bohemian Foundation, a Colorado-based regional grantmaker that also backs left-leaning national think tanks. Pritzker family fortune, Simmons has a net worth of approximately $600 million, ounder and principal of Blue Haven Initiative. A nonagenarian real estate developer, Weissberg supports efforts to reform the justice system and empower women and people of color through the Weissberg Family Foundation. Together they established the New Community Fund, which supports progressive infrastructure groups. The solutions we need rest in communities impacted by systemic injustices; their work is often rooted in cultural traditions that they reclaim and apply in new and innovative ways. Sagner heads the Sagner Family Foundation, which supports progressive advocacy and movement groups, both nationally and in its home region of New York. She's the daughter of Nicholas and Susan Pritzker, whose Libra Foundation has emerged as a leader in progressive philanthropy. on a black and white TV in my . Shechtel is a hedge fund manager and one of three billionaires behind the publicity-shy Wellspring Philanthropic Fund, a font of liberal money. Agbo added that in addition to conversations about grantmaking, its important to engage wealthy individuals around aligning their investment practices with their stated values. He was also a philanthropist, bestowing millions upon, The aftermath of George Floyds murder has spurred her to more action: Lewis recently cofounded Giving Gap, formerly known as, With her siblings, Pritzker served somewhat halfheartedly on the, Her work at Libra, which seeks to shift traditional philanthropy, with its top-down management and frequently onerous reporting requirements, to a more relationship-based and community-minded endeavor, helped persuade her to start the, Kataly funds nearly 300 organizations, an eclectic list that ranges from the, Since 2017, the New York City doyenne of philanthropy has spent more than $100 million fighting mass incarceration with her, In 1977, when the citys dire financial situation led to art classes being slashed at public schools, Gund rallied her art-world friends to help create, That sense of urgency has propelled Gund, a white heiress to a banking and real-estate fortune, to become a leader in the fight for criminal-justice reform. Led by Nwamaka Agbo, a social-justice activist who developed a restorative economics framework, Kataly was capitalized with $445 million and focuses on economic and environmental justice, community wealth-building and mindfulness training. Read more: Billionaires from George Soros to Abigail Disney are begging to be taxed more. The countrys racial reckoning, particularly around health disparities highlighted by Covid, has fueled her sense of urgency, prompting her to invest with Black women and Latina fund managers. Jeffrey and Marilyn Katzenberg back health-related issues, particularly AIDS, and organizations that work on behalf of children. The former Google CEO has long pursued philanthropic interests that werent particularly progressive, with the exception of some environmental grants. Alongside Regan Pritzker and her husband Chris Olin (in addition to Susan Pritzker, whos also on the new foundations board), Katalys team includes CEO Nwamaka Agbo, an activist and consultant whose restorative economics framework plays a vital part in how Kataly moves its money. Explore GrantFinder, a powerful resource for IP subscribers. Stein is the current President of the Moriah Fund, having succeeded his mother and Fund co-founder Mary Ann Stein. In 2015, Forbes estimated that the Gund family had a net worth of $3.4 billion and ranked them among the 100 wealthiest families in America. There is some overlap between Katalys environmental justice and restorative economies grantees. Keep up with trends in family philanthropy. Agnes Gund gives through the AG Foundation, which disbursed around $22.8 million in a recent year. Bilek cites as an example the 2018 effort by the Pritzker-funded Ronald Reagan Medical Center at UCLA to coin the term gender-affirming care while offering medical procedures for young females who want to have their reproductive organs removed. They've set their sights on a variety of causes, most notably the environment. A co-founder of Facebook and one-time owner of the New Republic, Hughes prioritizes economic opportunity, LGBTQ rights and global health in his giving. Hedge fund manager John Burbank founded the Passport Foundation, which shares a name with his San Francisco-based investment company, Passport Capital. regan pritzker parents. A successful investor, Hull sought the Democratic nomination for U.S. Senate in Illinois in 2004, a primary race he lost to a rising Barack Obama. Business Insider previously reported that Hanauer is a longtime critic of America's income inequality. Penny is his older sister and she also became involved in politics. In 2012, she advocated for a tax hike in California to boost funding for the state's public schools. It is. from the University of Chicago. The conversation is very exciting, with donors telling us, This is the nudge I needed, and families talking about values and what they wanted to give, says Jennifer, who delved into issues about money and family dynamics in her 2020 memoir, We Need to Talk. Simmons, now 35, is also a cofounder and principal of Blue Haven Initiative. Katalys name is a window into its philosophy. To the tune of $1.4 million, Kataly backed 23 Black-led organizing outfits and racial justice movement projects like the BlackOUT Collective, Black Organizing for Leadership and Dignity (BOLD), Dream Defenders, and the Anti Police-Terror Project. A graduate of UC Berkeley and Stanford, Pritzker is an elementary school teacher and has three children, according to a biography of her on the website of the Global Greengrants Fund, an organization she serves on the board of. The Chorus Foundation founder has harnessed an inherited fortune to back bottom-up progressive power-building with an emphasis on environmental justice and structural change. Private individuals with wealth shouldnt be the ones determining where community resources should go.. We recognize that while we are resourcing projects to address systems and structural change, systems are made up of people, Agbo said. Katalys rapid response effort segues with its plans to resource Black and native-led organizations in a generational way, engaging with movement leaders not as a fad or a one-time response, but over the long haul. Pritzker's family is one of the richest in America, according to Forbes, building their fortune from the Hyatt hotel chain. Following the examples of donors like MacKenzie Scott, who has given away more than $8 billion in short order with a no strings attached approach, philanthropists are revamping their protocols. June 22, 2022; Posted by lisa marie michael jackson; 22 . We need policy changes, Jennifer says. Regan Pritzker and Liesel Pritzker Simmons Both women are heirs to the Pritzker family fortune, which was created through real estate investments and the founding of Hyatt Hotels, the. A former Microsoft executive and CEO of the Bill & Melinda Gates Foundation, Raikes own giving through the Raikes Foundation prioritizes educational equity, combating youth homelessness and philanthropic field-building. Fran Sussner Rodgers founded WFD Consulting, which she led for many years alongside her husband Charles. At Kataly, she said, Were still developing what it looks like to have enough liquidity in the endowment investing so we can move grants at the scale we want to move them, while trying to minimize the conflict in our investing. In that context, the rough 10-year timeframe for spending down is a way for the team to stay disciplined about moving money. The Kataly Foundation is supporting recovery and resilience with a trust-based, equity-focused approach that others may find instructive. According to his personal website, Soros serves as deputy chair of the Open Society Foundations, a nonprofit founded by his father. (IL-06), Regan Deering (IL-13) and . Meant to conjure the idea of catalyst, the name emerged serendipitously from the teams initial discussions. She told me: Be generous during your lifetime, rather than creating an endowment, says Gund, who is matter-of-fact and humble, despite her outsize role supporting dozens of organizations, including the ACLU; the Barnes Foundation, where she is a trustee emerita; the Cleveland Museum of Art, on whose board she currently sits; the Museum of Modern Art, where she is president emerita and life trustee; and the Studio Museum in Harlem. A month after covid hit San Francisco, Jennifer and David Risher found themselves ensconced in their Napa Valley home, discussing how they could step up during the crisis. . Both Tompkins Buell and current husband Mark Buell are prominent Democratic donors, and she maintains a close relationship with the Clintons. Pike is a longtime progressive activist whose biggest claim to fame in the world of liberal philanthropy is the Tides Foundation, which he founded in 1976. Pritzker has made a point of involving herself in progressive donor organizing platforms like Resource Generation and Solidaire, where participants are willing to lean into the taboo topic of personal wealth. These givers have acquired their fortunesin different ways, including finance, tech,inheritance, and divorce or widowhood. But when they eagerly asked if they are part of All Star Code and Giving Gap, her response reflected another value she inherited from her parents and hopes to pass along: hard work and fierce independence. Warren Buffetts daughter Susan Buffett founded the Omaha-based Sherwood Foundation, another entry in the Buffett familys collection of left-leaning philanthropies. The daughter of Nicholas and Susan Pritzker, Regan is following in her parents footsteps via the Kataly Foundation, founded in 2018 to fund social justice and racial equity work in communities most impacted by injustice. Sagner has donated to the Movement for Black Lives. Filing Date: November 19, 2013. Time to catch up on the Pritzker family both in Chicago, Illinois, and across the world. But the amount of money available to donors is only one part of the story. Her horror prompted her to sell one of her favorite paintings, Roy Lichtensteins 1962 Masterpiece, and use $100 million from the proceeds to start the Art for Justice Fund. Rosenstein, 36, is the cofounder of workplace collaboration software Asana. She supports racial justice organizing through the Daphne Foundation and has been critical of corporate compensation at the Walt Disney Company. A mathematician and early employee at Google, desJardins gives through the Desjardins-Blachman Foundation along with his wife. David, after leaving Microsoft and later Amazon, founded Worldreader, an organization that has distributed over 67 million digital books to more than 18 million children and young adults since its founding in 2010. Billionaires from George Soros to Abigail Disney are begging to be taxed more, Facebook / Bigelow Laboratory for Ocean Sciences, stayed mum on the exact size of her inheritance, Wealthy investor Nick Hanauer says the US economy mints billionaires while many Americans are struggling, and there's no excuse for it, she starred in several big-name Hollywood productions. J.B. Pritzker signed legislation that amends the state's sports betting law that will finally allow bets to be made on in-state college sports teams while lifting the ban on online . The Illinois-based Eychaner founded the Newsweb Corporation and gives through the Alphawood Foundation. Kataly has organized its work into three main program areas: restorative economies, environmental justice, and mindfulness and healing justice. Business Insider's Rich Feloni previously reported that Hanauer has said he's not a billionaire, but that, as both he and his wife have signed The Giving Pledge, their combined net worth at least approaches the $1 billion threshold. But a first step to approaching these donors is to know who they are. The letter isn't the first time that Disney has spoken out about tax reform. I realized this was where Black people need to be to close the wealth gap, to leapfrog over historic inequities. This familys construction company is notable for its work on both the original World Trade Center and Freedom Tower. regan pritzker parents. Nevertheless, there is still plenty of room for experimentation and iteration in how Kataly envisions philanthropy, both in terms of how it operates, as well as its place in the broader progressive funding context. Hunt, Hunt-Hendrix is an important next-gen figure in progressive donor organizing, bringing her Occupy Wall Street experience to bear as a founder of Solidaire and Way to Win. Gund, 81, used the fortune she inherited from her father, the president of an Ohio-based bank, to become a noted philanthropist in arts and social justice, according to The New York Times. Munger, 71, is the oldest daughter of Berkshire Hathaway vice chairman Charlie Munger. Grantees include Demos and the Common Cause Education Fund. Its both a repudiation of and a remedy for economic practices that concentrate wealth in the hands of the already wealthy, impoverishing communities that lack the clout to secure a share. For us, thats the clear way to make these resources durable and have a benefit that outlives our foundation.. Nwamaka Agbo and Regan Pritzker. Shes also the donor behind the Art for Justice Fund. Shes the daughter of Nicholas and Susan Pritzker, whose Libra Foundation has emerged as a leader in progressive philanthropy. This, And so they have: In May 2020, the couple joined with. By clicking Sign up, you agree to receive marketing emails from Insider All of the individualslisted here have a history of supporting progressive organizations. From the start, Pritzker knew she wanted to set up a giving vehicle distinct from Libra, which she described as a shared project with her parents and siblings. He now serves as the Chairman of The Stride Rite Charitable Foundation. Reginald went on to become a prominent corporate-takeover financier, a self-made multimillionaire and the first Black man to own a company with more than $1 billion in annual revenues, TLC Beatrice International Holdings Inc., before his death at age 50 from brain cancer in 1993. The Pritzkers are active in backing a techno-medical complex that includes big banks, pharmaceutical giants, and major corporations who seek to undermine the idea that humans are a species with two distinct sexes. J.B. Pritzker, in 1966 photo. that Hanauer is a longtime critic of America's income inequality. The Jennifer and Jonathan Allan Soros Foundation supports progressive causes like reproductive rights, gun violence prevention and racial justice. That sense of urgency has propelled Gund, a white heiress to a banking and real-estate fortune, to become a leader in the fight for criminal-justice reform. But their financial machinations did not stay private for long. The son and daughter-in-law of the legendary investor, these Buffetts founded the NoVo Foundation, which funds womens rights and anti-violence efforts across the globe. Regan works with her family and advisors to align the Libra Foundations and her personal assets with progressive and radical values through investment, philanthropy, and political giving. Through the Panta Rhea Foundation, this investor has supported numerous liberal and progressive causes along with his wife Lisl. Rather than doubling Libras size with her own individual resources, she contemplated a distinct project, although perhaps not at Katalys eventual scale. Want to get inside funders' heads? Recently, Eric and Wendy Schmidt have taken steps in a progressive direction, including toward racial justice movement funding. His grantmaking is picking back up again lately and prioritizes civil rights and community work. Soros, 34, is the son of billionaire financier and philanthropist George Soros, who also signed the letter. Not one to rest, Gund has visited prison and detention centers and is now actively involved in helping female inmates who have suffered severe abuse at New Yorks Rikers Island jail. prestel publishing submissions. As a philanthropist shes been a friend to progressive nonprofits and takes an intensive personal involvement in JPB. When you look at the crises in aggregate, what were seeing is an inability to recover. She also helps lead the Sapelo Foundation, also founded by the Reynolds family. She went on to share that the magnitude of her personal wealth inheritance did not feel right and that Kataly is a way to move that wealth back into the public domain.. The former often benefit organizations working for community control of land and resources, such as the Earthseed Land Collective, the Federation of Southern Cooperatives and the Highlander Research and Education Center. She is the wife of fellow signee Robert S. Bowditch. Browse the listings for your next project. In 2016, Forbes put the Pritzker family's net worth at $29 billion, making them the seventh-richest family in America at the time.
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