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Klarman Family Foundation

Profile

Last Updated: 2016-05-11

At A Glance

Klarman Family Foundation

(formerly The Seth A. & Beth S. Klarman Foundation)

P.O. Box 171627

Boston, MA United States 02117-3466

Telephone: (617) 236-7909

URL: www.klarmanfoundation.org

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Celebrity: Business
  • Family foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $603,929,600

Total giving: $35,313,620

EIN

043105768

BRIDGE Number

1470286153

Background

Established in 1990 in MA - Founded by financial investor Seth Klarman, founder and president of the investment firm Baupost Group, which manages assets for various families. He is the author of "Margin of Safety," a book that outlines his value investment philosophy. Beth and Seth Klarman have committed to The Giving Pledge, and have pledged to give away at least half of their wealth to philanthropy.

Purpose and Activities

The Klarman Family Foundation seeks to identify areas of unmet need and to advance solutions to addressing them. It believes passionately in the promise and importance of creative thinking, strategic leadership and strong organizations to help bring about change. Its intention as a foundation is to help make measurable progress in improving the lives of others.

Program Area(s)

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

Program-Related Investment

The foundation has made a program-related investment to a fund that provides low cost financing for an extended period of time to address the crisis in affordable housing for very low income families in Massachusetts.

Fields of Interest

Subjects
  • Arts education
  • Child welfare
  • Diseases and conditions
  • Education
  • Hospital care
  • Human services
  • Music
  • Nonprofits
  • Science
Population Groups
  • Children and youth
  • Economically disadvantaged people
  • Low-income and poor people
Organizations
  • Judaic institutions
  • Public charities

Financial Data

Year ended 2014-12-31

Assets: $603,929,600 (market value)

Gifts received: $130,000,000

Expenditures: $44,764,531

Total giving: $35,313,620

Qualifying distributions: $38,338,274