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The Starr Foundation

Profile

Last Updated: 2016-06-09

At A Glance

The Starr Foundation

399 Park Ave., 9th Fl.

New York City, NY United States 10022-4614

Telephone: (212) 909-3600

URL: www.starrfoundation.org

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Celebrity: Business

Financial Data

(yr. ended 2014-12-31)

Assets: $1,357,175,937

Total giving: $79,780,006

EIN

136151545

BRIDGE Number

5214845048

Background

Incorporated in 1955 in NY - Founded by Cornelius Vander Starr, an entrepreneur who founded C.V. Starr Co. and other companies which, under the leadership of Maurice Greenberg, Mr. Starr's successor, became American International Group, Inc. Mr. Starr died in 1968 at the age of 76, leaving his estate to the foundation. Mr. Starr's wish was that his partners continue to run his foundation after his death. Under the leadership of Chairman Greenberg, the assets of the foundation have grown from a few million dollars to more than $1 billion today, making it one of the largest private foundations in the United States.

Purpose and Activities

The foundation makes grants in a number of areas, including education, medicine and health care, human needs, public policy, culture and the environment.

Program Area(s)

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

C.V. Starr Scholarships

The scholarship program has established funds at more than 140 colleges, universities and secondary schools around the world to which it has contributed more than a quarter billion dollars.

Cancer Consortium

The consortium brings together organizations to fight cancer: The Broad Institute, Memorial-Sloan Kettering, Cold Spring Harbor Laboratory, Weill Cornell Medical College and Rockefeller University. The five collaborate on research aimed at understanding cancer at its most fundamental levels and at developing new approaches to the prevention, diagnosis and treatment of the many forms of the disease that together constitute one of the greatest threats to human health. The program provides an innovative framework for research that brings together world-class biomedical investigators with a critical mass of technology. It will build on the complementary strengths of the five institutions, including one-of-a-kind experience in applying the power of genomics to biomedical problems, a proven expertise in the study of cancer genetics in humans and animals, and a strong clinical operation and vast collection of cancer specimens that offer a crucial resource for studying cancer. .

Grants to Individuals Program

Scholarships to students who are children of employees of C.V. Starr & Co., and Starr International Co.

Stem Cell Initiative

The Tri-Institutional Stem Cell Initiative, comprised of three New York City biomedical research institutions--The Rockefeller University, Weill Medical College of Cornell University, and Memorial Sloan-Kettering Cancer Center--received a renewed grant of $50 million over five years in 2012 from The Starr Foundation. The Initiative develops new resources and expertise in stem cell research by building on the already existing strong research ties among the three organizations as well as on the scientific strengths each organization currently brings to stem cell-related research. The gift enables the three institutions to retain and attract outstanding scientists; train future leaders in stem cell research; and develop shared facilities necessary to derive new stem cell lines and to expand and maintain existing cell lines for use by scientists. Emphasis is placed on collaborative studies bringing stem cell researchers together with colleagues from other fields including neuroscience, cell cycle research, toxicology, chemistry, and physics.

Fields of Interest

Subjects
  • Arts and culture
  • Diseases and conditions
  • Education
  • Environment
  • Health
  • Higher education
  • Human services
  • Social sciences
International Interests
  • Asia
Population Groups
  • Academics
  • Adolescents
  • Adults
  • Children
  • Children and youth
  • Economically disadvantaged people
  • Immigrants and migrants
  • Low-income and poor people
  • Military personnel
  • People with disabilities
  • People with hearing impairments
  • People with vision impairments
  • Seniors
  • Students
Organizations
  • Associations

Financial Data

Year ended 2014-12-31

Assets: $1,357,175,937 (market value)

Expenditures: $98,318,790

Total giving: $79,780,006

Qualifying distributions: $82,217,027