OVERVIEW: The Herbert Allen Foundation’s grantmaking includes support of educational and health organizations.
IP TAKE: The foundation keeps a low public profile, which limits information available on its grantmaking priorities and activities.
Only in his 50s, expect Allen to stick with his interests for now. He is on the board of The U.S.-Mexico Foundation, which is "dedicated to expanding opportunity for the people of Mexico through effective philanthropy and binational partnerships," as well as the Stanford Center on Philanthropy and Civil Society.
PROFILE: Founded in 1994, the Herbert Allen Foundation was established by investment banking veteran Herbert Allen. Herbert Anthony Allen III graduated with a B.A. from Yale University in 1989. He worked at T. Rowe Price and Botts & Company in London and later joined Allen & Co., a boutique investment bank his grandfather co-founded. Allen is now President and CEO. The family is worth over $1 billion.
While the foundation unfortunately prefers to not maintain a website, tax filings suggest that the Herbert Allen Foundation’s grantmaking includes support for educational and health organizations.
Grants for K-12 and Higher Education
Allen serves on the board of Prep for Prep in New York City and makes educational and youth organizations a priority. Prep for Prep has received over $750,000 in grant funding since 2004. The foundation also supports Prep for Prep, Broome Street Academy Charter High School, Hackley School, Girls Inc, and The Door, whose mission is to "empower young people to reach their potential by providing comprehensive youth development services in a diverse and caring environment." In recent years, he has also made substantial donations to the University of Georgia and University of North Carolina, Chapel Hill.
Grants for Health
Grantees include New York-Presbyterian Fund, Partners in Health, and The Lewin Fund to Fight Women’s Cancers. The Allen Foundation has awarded the Lewin Fund over $65,000 over multiple grants to date.
Grants for New York City
In addition to funding outlined in the above sections, Allen has also made donations to Central Park Conservancy, City Harvest, and City Parks Foundation.
Grants for the Environment and Veterans
The family earmarks funds for environmental organizations The Fresh Air Fund and Conservation Force.
He has also shown some support for the Iraq and Afghanistan Veterans of America, Special Operations Warrior Foundation, and the Puerto Rican think tank Center for a New Economy.
Important Grant Details:
In a recent tax year, the foundation gave away $604,000. Grants ranged from $5,000 to $150,000 to The Hackley School in Westchester County, New York. Past grantees include Prep for Prep; Broome Street Academy Charter High School; New York-Presbyterian Fund; and Central Park Conservancy.
PEOPLE:
CONTACT:
The Herbert Allen Foundation
711 5th Ave.
New York, NY 10022