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THE STARR FOUNDATION

NEW YORK, NY · EIN 136151545 · Form 990PF · FY2024 · NTEE T22 · Philanthropy & Grantmaking · Very Large (>$50M)
revenue
$233.3M
expenses
$28.9M
net assets
$1.4B
employees
profile · synthesized from sources

The Starr Foundation is a private foundation based in New York that makes significant grants to support capital campaigns, medical research, higher education, and institutional initiatives. It funds a range of institutions across the United States and internationally, with a focus on universities, medical centers, and nonprofit organizations. The foundation does not appear to run direct service programs, instead functioning primarily as a grantmaking entity.

named programs · 4 · from sources

What they call their work

Capital Campaign Support
Funds capital campaigns for medical centers, universities, and retirement communities, including Memorial Sloan-Kettering Cancer Center and the American Hospital of Paris.
Institutional Revitalization
Grants to support the renovation and revitalization of institutions such as the Hoover Institution and the U.S. Chamber of Commerce Foundation.
Medical Research and Scholarship
Supports medical education and research through grants to Weill Cornell Medicine, Yale School of Medicine, and the Tri-Institutional Stem Cell Initiative.
Risk Science Education
Provides funding for the Maurice R. Greenberg School of Risk Science at Georgia State University.
activities · 5 groups

What they do

  • University-Specific Endowment and Program Funding 2 activities
    • Funding academic programs in risk science
      Supports specialized academic programs in risk science through grants to institutions such as the Maurice R. Greenberg School of Risk Science at Georgia State University Foundation.
    • Funding policy and institutional research centers
      Supports policy-focused research and institutional development through grants to academic centers such as the Hoover Institution’s Center for the Revitalization of American Institutions at Stanford University.
  • Cancer Research Funding 1 activity
    • Funding biomedical and scientific research initiatives
      Supports collaborative scientific research through grants such as funding for the Tri-Institutional Stem Cell Initiative, involving Weill Cornell Medicine, Rockefeller University, and Memorial Sloan-Kettering Cancer Center.
  • Capital Infrastructure Funding 1 activity
    • Funding capital campaigns for nonprofit organizations
      Funds capital campaigns through grants to nonprofit organizations, including support for building renovations and infrastructure projects such as the renovation of the U.S. Chamber of Commerce’s historic building in Washington, D.C.
  • Healthcare Education Scholarships and Fellowships 1 activity
    • Funding medical education scholarship programs
      Provides financial support for debt-free medical education through scholarship funds at institutions including Yale School of Medicine and Weill Cornell Medicine, such as the Maurice R. Greenberg Scholarship Fund and the Dean's Special Scholarship Fund.
  • Charitable Grantmaking to Specific Causes 1 activity
    • Funding named charitable funds through grants to nonprofit partners
      Provides grants to support specific charitable funds administered by partner organizations, such as the Saal-Greenberg Fund through the Rogosin Institute Inc.
financials · form 990PF · fy2024
revenue
Total revenue$233.26M
Contributions & grants$100K0%
Program service revenue
Investment income$21.20M9%
Other revenue$176.12M
expenses
Total expenses$28.91M
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$1.09M
Grants paid out$73.54M
balance sheet
Total assets$1.36B
Cash
Investments
Liabilities
Net assets$1.36B
4 years on record · 2020–2024 · YoY revenue +203.9%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 4
NameTitleHours/wkCompensation
MS COURTNEY O'MALLEY PRESIDENT & DIRECTOR 35 $530K
MS M LIVINGSTON SENIOR VICE PRES. & CORP. SECRETARY 35 $398K
MS Y LUKONEN ASSISTANT TREASURER & DIRECTOR OF FIN. 35 $284K
MS A OSEI ASSISTANT VP 35 $169K
board members · 7
  • MR EE MATTHEWS — DIRECTOR
  • MR HI SMITH — TREASURER & DIRECTOR
  • MR JW GREENBERG — BOARD CHAIRMAN & DIR. AS OF 03/19/24
  • MR MR GREENBERG — BOARD CHAIRMAN & DIR. THRU 03/19/24
  • MR S GREENBERG — DIRECTOR AS OF 03/19/24
  • MRS CP GREENBERG — DIRECTOR THRU 3/17/24
  • MS K GREENBERG — DIRECTOR AS OF 03/19/24
relationships · 11

Who they work with

  • AMERICAN HOSPITAL OF PARIS Partner — Receives grant funding for its capital campaign.
  • CORNELL UNIVERSITY (WEILL CORNELL MEDICINE) Partner — Receives multiple grants for scholarship funds and collaborative research initiatives.
  • GEORGIA STATE UNIVERSITY FOUNDATION Partner — Receives grant funding for the Maurice R. Greenberg School of Risk Science.
  • HEBREW HOME FOR THE AGED AT RIVERDALE Partner — Receives a 1:1 challenge grant for its River's Edge Continuing Care Retirement Community campaign.
  • MEMORIAL SLOAN-KETTERING CANCER CENTER Partner — Receives grant funding for its capital campaign.
  • NEW YORK-PRESBYTERIAN FUND Partner — Receives grant funding for its capital campaign.
  • ROCKEFELLER UNIVERSITY Partner — Participates in the Tri-Institutional Stem Cell Initiative funded by The Starr Foundation.
  • ROGOSIN INSTITUTE INC Partner — Receives grant funding for the Saal-Greenberg Fund.
  • THE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY Partner — Receives grant funding for the Hoover Institution’s Center for the Revitalization of American Institutions.
  • US CHAMBER OF COMMERCE FOUNDATION Partner — Receives grant funding for the renovation of its historic building in Washington, D.C.
  • YALE UNIVERSITY Partner — Receives grant funding for the Maurice R. Greenberg Scholarship Fund at the Yale School of Medicine.
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Challenge Grant Incentive Model
    methodology: challenge_grant
    By offering 1:1 challenge grants, the foundation stimulates additional fundraising from other donors, because matching funds create urgency and leverage collective investment.