The Heckscher Foundation for Children
 |
|
| Founded | 1921 |
|---|---|
| Founder | Charles August Heckscher |
| Type | Private Foundation |
| Focus | Child welfare: arts, education & academic support, social services, health, recreation, workforce development, capacity building & technical assistance |
|
Area served
|
New York City / metro area |
| Method | Grants |
|
Key people
|
(Peter) Howard Sloane, Chairman and CEO Ourania Vokolos-Zias, Vice President of Finance and Administration Heather Sutton, Senior Program Officer |
| Endowment | $304,058,317(2015)[1] |
| Mission | Level the playing field for needy youth |
| Website | heckscherfoundation.org |
The Heckscher Foundation for Children is a New York City-focused private foundation that provides grants to underserved New York City youth. Often, the Foundation's grant giving takes the form of program support, capacity-building, capital projects and general operating support.
The Heckscher Foundation directs its resources to "level the playing field" for needy youth by providing access to education, job training, social services and experiences that make for a richer, more forward-reaching life.
The Heckscher Foundation for Children was founded in 1921 by German-born industrialist, financier and philanthropist August Heckscher. Responding to a request for a donation for the purchase of a bus by the Society for the Prevention of Cruelty to Children, August Heckscher donated a Manhattan property on Fifth Avenue from 104th to 105th Street that opened as The Heckscher Foundation for Children in 1922 and provided housing for children and community activities.
However, the Great Depression of the 1930s resulted in the deterioration of the Foundation's assets to the point of near collapse. August Heckscher recruited Arthur Smadbeck and Ruth Smadbeck, friends and financial equals who shared his dedication to public service to help rebuild the Foundation.
Ruth Smadbeck began as a volunteer in the 1930s and ran the Foundation for over 50 years, including its programs of dance, orchestra, exercise, swimming, the purchase and distribution of necessities for indigent children, a kindergarten, a theater, a craft room, a senior lounge, a photography group, a library, and a thrift shop. The Communications and Learning Center at Marymount Manhattan College is named for Ruth Smadbeck.
At August Heckscher's death in 1941, Foundation income was such that no distributions to charity were possible. From 1941 until his death in 1977, Arthur Smadbeck donated his time and efforts to disposing of losing Foundation assets, consolidating others and creating a profitable platform on which he positioned the Foundation to support major outside charitable efforts. At Ruth Smadbeck's death in 1986, distributions to charity had grown to $1,169,219 and assets had grown to $22,072,773. Renowned real estate entrepreneur and civic leader Louis Smadbeck became Chairman of the Foundation in 1986, and continued in this capacity until his death in 1992. Virginia Sloane was elected President in 1986, and presided over the Foundation's philanthropic projects for some 25 years. In 2012, she became President Emeritus. She died at the age of 91 on August 24, 2014.
...
Wikipedia