Thursday, July 12, 2012

Top Philanthropic Donors: Gerry and Marguerite Lenfest

The Lenfest Foundation is dedicated to supporting programs primarily in the areas of education, arts and the environment.

H.F. (Gerry) and Marguerite Lenfest established the Foundation in 2000. The Foundation is based in suburban Philadelphia and primarily supports organizations and programs in southeastern and south central Pennsylvania, southern New Jersey and northern Delaware.

H.F. Lenfest was born in Jacksonville, Florida, then later grew up in Scarsdale, New York and Hunterdon County, New Jersey. After attending Flemington High School, and graduating from Mercersburg Academy, Lenfest went on to receive his BA from Washington and Lee University in 1953 and his LLB from Columbia Law School in 1958. He served in the Navy between college and law school. Lenfest worked at the firm of Davis Polk & Wardwell before becoming, in 1965, associate counsel to Triangle Publications, Inc., the media company controlled by Walter Annenberg. In 1970, he was named head of the Communications Division at Triangle. He formed Lenfest Communications in 1974 and sold it to Comcast in 2000 for $6.7 billion. Mr. Lenfest currently serves as the Chairman of the Board of Directors of the TelVue Corporation. He is also the majority shareholder of this company.

Donations

In 2007, Lenfest announced a donation of $33 million to be spent solely on faculty compensation at his alma mater, Washington and Lee University, where he serves as a trustee, and an unpublished amount to Wilson College, Mrs. Lenfest's alma mater. In recent years, Lenfest has given over $100 million to Columbia University, where his donations include a $48 million challenge gift toward the endowment of 32 new professorships, $15 million toward construction of a Law School residence hall which bears his name, $15 million to support the programs of the Earth Institute, $12 million to endow awards for outstanding teaching, and most recently a $30 million pledge to help build a multidisciplinary arts venue on the Manhattanville campus. 'Gerry' and Marguerite Lenfest have given the Curtis Institute of Music in Philadelphia $63.6 million in endowment, annual giving, underwriting of faculty chairs and student fellowships, bricks and mortar. H.F.Lenfest is Curtis' board chairman.

Core Programs

The Foundation operates the Lenfest College Scholarship Program primarily for students in rural areas and the Lenfest Ocean Program with the assistance of The Pew Charitable Trusts.

Grants Initiated By The Founders

The Lenfest Foundation makes grants primarily initiated by its founders and approved by the Foundation’s board of directors to qualified nonprofit organizations for specific projects or activities of interest generally within the mission of the Foundation.

Most of the Foundation’s funding will be directed to its core programs and grants initiated by its founders and approved by its board of directors.

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