The Starr Foundation was established in 1955 by
Cornelius Vander Starr
Cornelius Vander Starr (October 15, 1892 – December 20, 1968), sometimes known as Neil Starr, was an American businessman and founder of C.V. Starr & Co. (later known as Starr Companies) in Shanghai, China, which became insurance giant AIG an ...
, an insurance entrepreneur who founded C.V. Starr & Co. and other companies later combined by his successor,
Maurice R. Greenberg
Maurice Raymond “Hank” Greenberg (born May 4, 1925) is an American business executive and former chairman and chief executive officer of American International Group (AIG).
Early life and education
Greenberg was born into a Jewish family in ...
, 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. As of 2023, AIG employed 25,200 people. The company operates through three core ...
. 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$
The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, currency code: USD) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introdu ...
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 2024, it had assets of $1.7 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.
Grants
The following is a partial list:
See also
*
List of wealthiest foundations
This is a list of wealthiest charitable foundations worldwide. It consists of the 53 largest charitable foundations, private foundations engaged in philanthropy, and other charitable organizations such as charitable trusts that have disclosed the ...
*
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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