The Starr Foundation

The Starr Foundation
Founded1955
FounderCornelius Vander Starr
FocusHuman needs, culture, public policy, medicine and healthcare, education and the environment.[1]
Location
MethodGrants
Endowment$3.5 billion
Websitewww.starrfoundation.org
C.V. Starr Laboratory at the Marine Biological Laboratory in Woods Hole, Massachusetts

The Starr Foundation was established in 1955 by Cornelius Vander Starr, an insurance entrepreneur who founded C.V. Starr & Co. and other companies later combined by his successor, Maurice R. Greenberg, into what became the American International Group. Starr, a pioneer of globalization, set up his first insurance venture in Shanghai in 1919. Upon his death in 1968 his estate was passed on to the foundation. Today, it gives between US$100 million and $200 million each year to charities and causes globally.

The foundation, once one of the largest in the country with an endowment of some $6 billion in 2000, has disbursed over $3.8 billion since its founding. As of 2019, it had assets of $1.5 billion.[2] It specializes in Asian arts and cultural philanthropy, but also makes grants in other areas, including education, medicine and healthcare, and public policy.

The foundation is no longer affiliated with AIG.

See also

References

  1. ^ "The Foundation Center". Archived from the original on 1998-12-06. Retrieved 2024-12-17.
  2. ^ "The Starr Foundation". starrfoundation.org. Retrieved Jul 20, 2022.


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