Hedge fund managers like Dan Loeb and his Third Point receive plenty of scrutiny around their 13Fs, but we can get some other interesting insights from the foundations’ 990-PF filings. Loeb is among the many hedge fund managers who dole out millions of dollars to worthy causes every year through their own foundation, and we can glean some interesting insights from The Margaret and Daniel Loeb Foundation’s 2024 990-PF, which was filed in November 2024.
Background on The Margaret and Daniel Loeb Foundation
The foundation supports Israeli and Jewish causes, education, criminal justice reform, Alzheimer’s research, and athletic programs for the disabled.
In 2024, grantees included Aleph Institute, American Friends of the IDF Widows and Orphans Organization, American Israel Education Foundation, Chabad of College Hill, Enrichment Fwd, Friends of United Hatzalah, Manhattan Institute for Policy Research, Tablet Magazine, UJA Federation of New York, and Guitars Over Guns.
According to the 2024 990-PF, The Margaret and Daniel Loeb Foundation had $167.4 million in assets at the end of the year.
Capital Gains and Losses
One of the foundation’s biggest winning positions in terms of capital gains in 2024 was:
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