One of the ways many hedge fund managers give back is through their own foundations, which they use to dole out their millions (or billions). Gilchrist Berg of Tiger cub Water Street Capital has his own foundation, using it to provide scholarships and support schools but also donated to some cultural organizations and other groups.
Background on the Berg Family Charitable Foundation
In 2024, grantees included Jacksonville University, the Jacksonville Symphony, UNF Foundation, Theatre Aspen, Princeton University, Aspen Music Festival, CEPR, United Way of NE FL, World Affairs Council, Riverside Presbyterian, One Jax, The 200 Club, and Baptist Health Foundation.
According to the foundation’s 990-PF for 2024, which was filed in May 2025, it had $27.5 million in assets at the end of the year. Gilchrist Berg is listed as the sole officer for the Berg Family Charitable Foundation.
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