Overbrook Foundation Explained

Overbrook Foundation
Founder:Frank Altschul
Tax Id:13-6088860
Headquarters:New York
Owners:-->
Leader Title:President and CEO
Leader Name:Stephen A. Foster
Revenue:$31,916,667
Revenue Year:2014[1]
Endowment:$167,713,218
Endowment Year:2014

The Overbrook Foundation is a philanthropic organization, founded in 1949. Since its creation, it has donated more than $188 million to education and progressive causes.

History

Frank and Helen Altschul created Overbrook to fund education causes including his alma mater, Yale University. Altschul was an early supporter of NPR.[2]

After Altschul's death in 1981, the foundation hired professional management under the stewardship of family members.

Major grants and initiatives

The foundation provides grants averaging $40,000 to causes including human rights and environmental causes primarily in the western hemisphere.

The foundation supports, for example, In Our Backyard, a crowdfunder of New York City environmental projects.[3]

Position on political contributions

In 2015, Overbrook joined with like-minded foundations including the Rockefeller Brothers Fund, the Ford Foundation, the Carnegie Corporation of New York, and the Turner Foundation to decry corporate contributions to political causes in the wake of the Citizens United v. FEC case.

Notes and References

  1. Web site: Form 990 2014. 9 May 2013. ProPublica. 26 December 2017.
  2. News: Duncan. Ed. A tale of two towns. 26 December 2017. Stamford Advocate. June 20, 2013.
  3. News: West. Melanie Grayce. Nonprofit Leverages Its Assets for Environment Organizations. 26 December 2017. Wall Street Journal. April 19, 2011.