Barry Sternlicht is best known as the founder and CEO of Starwood Capital Group. Starwood is a private equity investment firm focused on real estate with over $120 billion in assets under management.
Besides managing private equity, Sternlicht is also running a foundation that primarily supports education, health, youth, and social services, and Jewish organizations.
For fiscal 2024, in the 990 filing, the foundation reported $8.56 million in expenses, negative net income of $650 thousand, and net assets of $170 million. During the year, the foundation generated $7.91 million of revenue.
In the report, the foundation disclosed $551 thousand of revenue from contributions coming from Legacy Venture funds managed by Next Legacy Partners. Other revenues included $1.15 million from interest on savings, $1.39 million from dividends and interests from securities, and $1.57 million from net gains.
Trading of K1 Capital stocks brought $2 million in capital gains, while other publicly traded securities generated $950 thousand in losses.
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