SOURCE OF WEALTH: Omega Advisors, Vice Chairman; Goldman Sachs
FUNDING AREAS: Health, Jewish causes, NYC community
OVERVIEW: Steven G. Einhorn and his wife Shelley conduct their philanthropy through the Einhorn Family Foundation, which has been around since 1989, and in recent years has given around $1 to $2 million annually, mainly in New York City (It should not be confused with either the Einhorn Family Charitable Trust or the Einhorn Family Foundation based in Milwaukee). A key area of interest for the couple is health, and Einhorn has served on the board of trustees at Mt. Sinai Hospital. They have steadily supported outfits at Mt. Sinai that help the hearing impaired. It is unclear how much Einhorn is worth and the Einhorns spread their money around to only a select few causes.
BACKGROUND: Einhorn is the vice chairman of Omega Advisors, Leon Cooperman's investment advisory firm, which currently manages over $9 billion in assets. Prior to that, Einhorn was Goldman Sachs's Partner-In-Charge of the global investment research department and co-chairman of the Investment Policy Committee. Einhorn received a B.A. from Rutgers, and an M.S. from the University of Illinois.
ISSUES:
HEALTH: The Einhorns have been giving steadily to the Center for Hearing and Communication (CHC) in Lower Manhattan for years. CHC has supported those who are deaf, hard of hearing, or deaf-blind since its founding in 1910. Between 2010 and 2013 alone, the Einhorns gave at least $1 million to CHC. Shelley Einhorn uses a hearing aid and is a client of the Center for Hearing and Communication, as well as serving on the board of directors. The Einhorns also established the Shelley and Steven Einhorn Audiology and Communication Center within the Center for Hearing and Communication. It is unclear how much money the Einhorns put into this center, but the space boasts "state-of-the-art hearing testing and hearing aid fitting, and special expertise in evaluating and providing hearing aids to very young infants and children."
Einhorn is also a benefactor of the Mt. Sinai system in New York, where he has served as a trustee. The Einhorns have given $1 million to establish the Shelley and Steven Einhorn Clinical Research Center at the New York Eye and Ear Infirmary of Mt. Sinai. In 2007, Einhorn and Shelley also put $5 million down to establish the Shelley and Steven Einhorn Laboratory for Experimental Cancer Therapeutics.
In recent years, the Migraine Research Foundation, NYU Langone Medical Center, and Damon Runyon Cancer Center have also received modest sums. Recently, the New York Eye and Ear Infirmary Glaucoma Research Fund received sums of under $10,000.
NEW YORK CITY COMMUNITY: Apart from health, Einhorn has given assorted sums to several kinds of outfits in New York City. He has given to Central Park Conservancy, Robin Hood Foundation, the American Museum of Natural History, New Yorkers Against Gun Violence, the Metropolitan Opera Fund, and the Teak Fellowship. Grants to these outfits have rarely exceeded $50,000 annually. They also gave $1 million to Syracuse University in 2016 for a campus promenade.
JEWISH CAUSES: Einhorn has given to the UJA Federation of New York, American Jewish Committee, and several other Jewish groups in recent years.
LOOKING AHEAD: It appears that health is a priority for Einhorn, particularly helping those with hearing trouble. As of now, this is not a funder that spreads his money around widely and there is no clear way to approach the Einhorns for support. But keep an eye on this philanthropically minded couple, with their long history of giving and, we suspect, significant assets that may eventually find their way to the charitable sector.
CONTACT:
Einhorn Family Foundation
C/O BCRS Associates
77 Water St., 9th FL
New York, NY 10005
(212) 440-0800