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
American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. , AIG companies employed 49,600 people.https://www.aig.com/content/dam/aig/amer ...
. 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.
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
*
List of grants by the Starr Foundation
*
List of wealthiest foundations
*
Florence A. Davis, Foundation President
References
External links
The Starr Foundationstarrfoundation.org
Foundations based in the United States
Organizations based in New York City
Organizations established in 1955
1955 establishments in the United States
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