NET WORTH: Unknown
SOURCE OF WEALTH: Goldman Sachs, Vornado Realty Trust
FUNDING AREAS: Education & Youth, Health, Arts & Culture, Human Services, Environment
OVERVIEW: Michael and Elizabeth Fascitelli conduct their philanthropy through the Fascitelli Family Foundation, which according to available tax filings, gave away around $1.5 million from 2017 to 2018. The family supports their schools, as well as health and arts outfits. New York City is their main region of giving.
BACKGROUND: Michael D. Fascitelli graduated from University of Rhode Island with a B.S. in industrial engineering and from Harvard with an MBA in 1982. He joined McKinsey & Company and in 1985 joined the real estate department at Goldman Sachs. He became partner in 1992 and was head of the real estate investment banking business. In 1996, he became president of Vornado Realty Trust, and later CEO. Elizabeth Cogan Fascitelli has an A.B. from Dartmouth and an MBA from Harvard University. She is a partner at Goldman Sachs and is COO of the Merchant Banking Division.
ISSUES:
EDUCATION & YOUTH: The family strongly supports Elizabeth's alma mater Dartmouth, where she sits on the board of trustees. Other grantees include Rockefeller University (Fascitelli sits on the board), Brown University, which their children attended, Trinity College, Prep for Prep, St. Aloysius School, De La Salle Academy, Phillips Academy (Beth is an alumna), and Gateway School.
HEALTH: The Fascitellis have supported Child Mind Institute, where the couple are on the board of directors. Other grantees include St. Jude’s Children’s Research Hospital, National MS Society, Alzheimer’s Society, Hospital for Special Surgery, and Cystic Fibrosis Foundation.
ARTS & CULTURE: Grantees include Whitney Museum, Creative Art Works, Manhattan Theatre Club, Underground Museum, and International Center for Photography.
HUMAN SERVICES: Grantees include Robin Hood Foundation and Catholic Relief Services.
OTHER: The couple are steady patrons of Urban Land Institute, "which provides leadership in the responsible use of land and in creating and sustaining thriving communities worldwide." Fascitelli is on the board of ULI Foundation. They have supported Jewish organizations such as Jewish Federation of Greater Philadelphia.
LOOKING FORWARD: Expect the family's steady giving in their established interest areas to continue.
CONTACT:
Fascitelli Family Foundation
170 East End Avenue, Apt 17 A/B
New York, NY 10128