NET WORTH: Unknown
SOURCE OF WEALTH: Greenhaven Associates
FUNDING AREAS: Education & Youth, Arts & Culture, Health & Human Services, Jewish Causes
OVERVIEW: Ed and Sue Wachenheim conduct their philanthropy through the Sue and Edgar Wachenheim Foundation, which according to available tax filings, gave away $19.47 million in 2018. Wachenheim is chairman of the board of WNET, which the family strongly supports. He has given millions to his alma mater Williams College. The arts and health are interests. New York City is an important region of giving.
BACKGROUND: Edgar Wachenheim III graduated from Williams College in 1959 and received an MBA from Harvard Business School. He is chairman of Greenhaven Associates, a New York money-management concern.
ISSUES:
EDUCATION & YOUTH: Wachenheim has given millions to his alma mater Williams College, home to the Sue and Edgar Wachenheim III Professor of History and the Wachenheim Family Courtyard. The couple's son, Chris, also graduated from the liberal arts college. Family has also supported nearby Amherst College. Other grantees include Skidmore College (Wachenheim was a vice chair and his mother attended the school), Rye Country Day School (Wachenheim is a trustee emeritus), and Chess in the Schools.
ARTS & CULTURE: Wachenheim chairs the board of WNET, a Newark, New Jersey-based public television station serving the New York Metropolitan area, and the family has given millions to the station. Wachenheim is also a trustee of MoMA, another important grantee. The family have made donations to the American Museum of Natural History, The Met, National Dance Institute, New York Public Library, and New York Hall of Science.
HEALTH & HUMAN SERVICES: Grantees include Blythedale Children’s Hospital (the couple's son Lance is on the board), Food Bank of Westchester, and Greenwich Hospital.
JEWISH CAUSES: Wachenheim was a trustee of UJA-Federation. The couple have supported The Jewish Museum and American Committee for the Weizmann Institute of Science, among other institutions.
LOOKING FORWARD: Expect the Wachenheims' steady giving to continue. Board memberships are something to keep an eye on.
CONTACT:
Sue & Edgar Wachenheim Foundation
3 Manhattanville Road
Purchase, NY 10577
LINK:
Ed Wachenheim Linkedin Profile