The Steinhardt Foundation for Jewish Life
Excerpted from the website:
- Michael H. Steinhardt is a legendary money manager turned philanthropist who is dedicated to creating a renaissance in American Jewish life. After he graduated from the Wharton School of Business in 1960, Mr. Steinhardt began his financial career as a research associate, staff writer and securities analyst. In 1967 he formed his own hedge fund company, Steinhardt Partners L.P., where he made his fortune in one of the most spectacular careers in the history of Wall Street. Mr. Steinhardt has always believed that wealth and financial achievement alone are not sufficient to give full value and meaning to life. At the same time, he has felt growing alarm over the erosion and disappearance of Jewish identity in the Diaspora and the critical threat to continuity of non-Orthodox Jews. In 1995, Michael Steinhardt stunned the financial world by announcing that he would close his lucrative hedge fund to devote his time and fortune to the causes of the Jewish world. Mr. Steinhardt has masterminded his Jewish philanthropic activities through The Steinhardt Foundation for Jewish Life. Mr. Steinhardt is also the principal supporter of New York University's Steinhardt School of Education. Other recipients of Mr. Steinhardt's philanthropy are the University of Pennsylvania, Brandeis University, Tel Aviv University, and the Israel Museum. Mr. Steinhardt is a member of the new ownership group of Israel's leading bank, Bank Hapoalim, and is one of the principal investors behind The New York Sun, New York's newest daily newspaper. In 2001, Mr. Steinhardt published his memoirs, No Bull: My Life In and Out of the Markets (John Wiley & Sons, 2001). He and his wife, Judy, are the proud parents of David, Daniel and Sara, and the grandparents of Jacob, Joshua, Kira, Talia, Tora, Lila and Infinity.