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Druckenmiller Foundation

Profile

Last Updated: 2016-02-10

At A Glance

Druckenmiller Foundation

40 W. 57th St., 25th Fl.

New York City, NY United States 10019-4001

Telephone: (212) 404-1150

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Celebrity: Business

Financial Data

(yr. ended 2014-11-30)

Assets: $1,124,511,100

Total giving: $75,400,700

EIN

133735187

BRIDGE Number

6311206026

Background

Established in 1993 in NY - Founded by Stanley F. Druckenmiller, founder, Chairman, C.E.O. and President of the investment firm Duquesne Capital Management. Fiona Druckenmiller, Mr. Druckenmiller's wife and a foundation trustee, is a noted financial executive.

Purpose and Activities

The foundation provides scholarships to students who, within the past year, have caddied at Oakmont Country Club in PA.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Grants to Individuals Program

Undergraduate scholarships to students who, within the past year, have caddied at Oakmont Country Club in PA.

Oakmont Scholarship

Scholarships for college students who have caddied at Oakmont Country Club during the past year. Scholarships are available for a maximum of five years of college but are not available for graduate school, with respect to joint undergraduate/graduate degree programs, scholarships are not available for any portion of the program that takes longer to complete than five years.

Fields of Interest

Subjects
  • University education
Population Groups
  • Academics
  • Children and youth
  • Economically disadvantaged people
  • Low-income and poor people
  • Students

Financial Data

Year ended 2014-11-30

Assets: $1,124,511,100 (market value)

Gifts received: $120,000,000

Expenditures: $77,908,039

Total giving: $75,400,700

Qualifying distributions: $75,400,700

Giving activities include:

$75,200,000 for 32 grants (high: $30,000,000; low: $7,500)

$200,700 for 33 grants to individuals (high: $15,000; low: $1,500)