Marvin Davidson and Thomas Kempner are the founders of a hedge fund giant Davidson Kempner Capital Management. The fund was founded in 1983, while Davidson initiated his foundation in 1967. Davidson sadly passed away in 2023, however, his foundation is still active. Kempner started his foundation in 1987.
Besides managing investors' capital, both Davidson and Kempner are known as philanthropists. Their foundations are focused on sporting the arts, education, sports, healthcare services, medical research, and preserving the environment.
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From the 990 data for 2022 that were filed in November 2023, the foundation reported $1.07 million in expenses, a net income of -$554 thousand, ending the year with $18.76 million in assets.
The foundation reported most of...
