Monday, October 11, 2010

Grant Proposal: Druckenmiller Foundation (New York)

Last year, billionaire fund manager Stanley F. Druckenmiller shifted $700 million of his own money to his family foundation.

Druckenmiller Foundation
Address: 40 W. 57th Street, 25th Floor
New York, NY 10019-4001
Phone: (212) 830-6650

Before the transfer, the Druckenmiller Foundation had assets of about $6.5 million. Transferring a quarter of his reported net worth to the nonprofit earned Druckenmiller the Chronicle of Philanthropy’s No. 1 ranking of largest individual charitable contributions in 2009. Druckenmiller joins other billionaires, including Microsoft Corp. founder Bill Gates and Citigroup Inc. Chairman Emeritus Sanford Weill, who have stepped down from top executive jobs to devote more time to philanthropy.

After reviewing the foundation's 990-tax return we decided to submit a $10k grant proposal seeking support for the youth education programs delivered by our BDPA New York chapter.   Our hope is that the Druckenmiller Foundation will be open to consideration of our funding request. Wish us luck!

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