Philanthropic People: Daniel Loeb
Philanthropic People: Daniel LoebNov 07
Daniel Loeb, CEO of Third Point LLC and a leader in portfolio management, risk management, and research, may be best known for his contributions to the business world…but he has a long history of diverse charitable giving as well.
Loeb’s causes include education, health, community, and progressive issues such as LGBT rights.
Education: Daniel Loeb serves as chairman of the Success Academies Charter Schools in Brooklyn, which promote educational reform and access to education for children from all backgrounds. Since 2004 he’s also been a Trustee of Prep for Prep, a New York City organization that helps underprivileged children attend and thrive at competitive independent schools. Loeb has donated $1.5 million to the program as well. Other educational projects that have piqued his philanthropic interest include the Robin Hood Foundation, a scholarship endowment at his alma mater Columbia, and the co-founding of Students First New York, the state branch of a national education advocacy program.
Health: Loeb is a Trustee of Mount Sinai Hospital in New York and has donated extensively to research in children’s cancer, Tourette’s syndrome, ALS, muscular dystrophy, and reproductive health.
Arts, Culture, and Community: Most of Loeb’s giving in this area goes to organizations in New York City; however, he’s also a Trustee at the Los Angeles Museum of Contemporary Art and an avid art collector. His community interests include numerous Jewish nonprofits (including the Jewish Enrichment Center in New York) and other museums, arts and cultural organizations, the New York City Public Library, the Central Park Conservancy, historical preservation sites, the YMCA, and organizations supporting the homeless. This part of Loeb’s giving is fueled in large part by his belief that, while the financial markets in which he works can make the world a better place, “folks are left behind.”
Progressive Issues: In addition to supporting New York’s law to legalize gay marriage in 2011, Loeb continues to support marriage equality and reproductive rights through organizations like the Human Rights Campaign, Planned Parenthood, and Media Matters.
With a wealth of life and business experience—not to mention a net worth of $2.3 billion—Daniel Loeb continues to support a variety of causes and give back to the community.