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Non-profit

Borrego Foundation

Location:

LARCHMONT, NY
Tax ID:

13-3980920
Tax-Exempt Status:

501(c)(3)-PF

Budget (2015):

Revenue: $2,094,798
Expenses: $991,030
Assets: $15,708,605
Formation:

1990s
Type:

Grantmaking Foundation
Founder:

Stephen Lieber
President:

Mary E. Rubin
Vice President:

Samuel Lieber

The Borrego Foundation is a grantmaking institution that significantly contributes to left-of-center organizations which share a focus on supporting abortion and environmentalism. [1] Borrego President Mary E. Rubin is a member of the board of directors for the left-leaning Center for Reproductive Rights, a pro-abortion-rights advocacy group. [2]

The foundation has invested substantial funds into a variety of pro-abortion advocacy organizations, including Planned Parenthood and the National Partnership for Women and Families. [3] The group also provides financial support to other left-of-center organizations.

Funding

While Borrego makes large contributions in support of abortion advocacy, it also donates to several other left-leaning causes. One large recipient of funding is the left-of-center think-tank Center on Budget and Policy Priorities, which received $75,000 from Borrego in 2016. [4]

Borrego has also bankrolled the International Rescue Committee (IRC)[5] that directs its efforts towards driving political pressure and on the ground assistance to humanitarian crises, particularly refugees and displaced persons. Currently, the IRC is promoting awareness of the tensions at the United States border with Mexico and highlighting the urgent needs of those seeking asylum. [6]

Borrego also funds environmentalist and animal rights causes like Woods Hole Oceanographic Institution, World Wildlife Fund, and Conservation International. [7]

Leadership

The Borrego Foundation was established in the late 1990s by the Lieber family, led by Stephen Lieber, an investor who was described by Fortune as the “king of balanced funds.” [8] The Lieber family also founded the Essel Foundation in the mid-1960s which has primarily focused on mental health causes due the family’s personal experiences with mental disorders. [9]

Stephen’s son Samuel Lieber is recorded as the vice-president, secretary, and treasurer of Borrego. Samuel is also the main funding source for Borrego, contributing many hundreds of thousands of dollars to the foundation. [10] In addition to his work with Borrego, Samuel is the founder and president of Alpine Woods Capital Investors[11] that manages over $4.2 billion regulatory assets. [12]

Samuel Lieber is a Democratic political donor, having given to the 2008 presidential campaign of then-Senator Barack Obama. [13]

Mary E. Rubin is president of the Borrego Foundation and guides investing towards left-of-center organizations that primarily focus on feminist causes. In addition to the aforementioned pro-abortion donations, she has also directed financial support towards the Institute for Women’s Policy Research. [14] This institute’s interests lie entirely on women’s issues including wage gap inequality and employment discrimination. [15]

Rubin’s background includes a term as board chair of the left-leaning Nature Conservancy and eight years on the board of directors for Planned Parenthood Hudson Peconic (PPHP). She held multiple roles at PPHP including the chairmanship of fundraising and investment advisory. [16] In 2018, the New York Times reported that the PPHC-operated clinic in White Plains, New York[17] had allegedly discriminated against a pregnant employee. [18]

Mary Rubin has made personal political contributions to the campaigns of President Barack Obama and Senator Elizabeth Warren (D-MA). [19]

References

  1. BIG Online: US Foundation Summary. Accessed May 20, 2019. http://www.bigdatabase.com/Big-DB/USFoundation-profiles/BORREGO FOUNDATION-133980920.HTML. ^
  2. “Mary E. Rubin.” Mary E. Rubin, Co-Founder at Lieber Institute for Brain Development – Relationship Science. Accessed May 20, 2019. https://relationshipscience.com/person/mary-e-rubin-81827751. ^
  3. BIG Online: US Foundation Summary. Accessed May 20, 2019. http://www.bigdatabase.com/Big-DB/USFoundation-profiles/BORREGO FOUNDATION-133980920.HTML. ^
  4. Borrego Foundation, Return of a Private Foundation (Form 990-PF), 2016, Contribution Attachment ^
  5. BIG Online: US Foundation Summary. Accessed May 20, 2019. http://www.bigdatabase.com/Big-DB/USFoundation-profiles/BORREGO FOUNDATION-133980920.HTML. ^
  6. “International Rescue Committee (IRC).” International Rescue Committee (IRC). Accessed May 20, 2019. https://www.rescue.org/. ^
  7. BIG Online: US Foundation Summary. Accessed May 20, 2019. http://www.bigdatabase.com/Big-DB/USFoundation-profiles/BORREGO FOUNDATION-133980920.HTML . ^
  8. Quoted in “Focused and Strategic: How a Family Tapped Wall Street Wealth for Impact on Mental Health.” American Nonprofit Academy. July 23, 2018. Accessed May 20, 2019. https://americannonprofitacademy.com/focused-and-strategic-how-a-family-tapped-wall-street-wealth-for-impact-on-mental-health/. ^
  9. “Focused and Strategic: How a Family Tapped Wall Street Wealth for Impact on Mental Health.” American Nonprofit Academy. July 23, 2018. Accessed May 20, 2019. https://americannonprofitacademy.com/focused-and-strategic-how-a-family-tapped-wall-street-wealth-for-impact-on-mental-health/ ^
  10. IRS. Form 990. 2014. http://990s.foundationcenter.org/990pf_pdf_archive/133/133980920/133980920_201412_990PF.pdf ^
  11. Adeniji, Ade. “Samuel A. Lieber.” Inside Philanthropy. July 17, 2018. Accessed May 20, 2019. https://www.insidephilanthropy.com/wall-street-donors/samuel-leiber. ^
  12. Technologies, Symmetric Information. “Samuel A. Lieber of ALPINE WOODS CAPITAL.” Samuel A. Lieber of Alpine Woods Capital Investors Llc – Profile. Accessed May 20, 2019. http://www.symmetric.io/hedge-fund-employee/SAMUEL-A-LIEBER-EEF0. ^
  13. “Larchmont, New York (NY) Political Contributions by Individuals.” Larchmont, New York (NY) Political Contributions by Individuals – Donations to Congress, Local, or National Races, Republican or Democrat and Other Candidates. Accessed May 20, 2019. http://www.city-data.com/elec2/08/elec-LARCHMONT-NY-08-part2.html. ^
  14. “FLORENCE HOWE.” FLORENCE HOWE – Florence in Words. Accessed May 20, 2019. http://www.florencehowe.com/blog/posts/29419. ^
  15. “Our History & Impact.” Institute for Women’s Policy Research. Accessed May 20, 2019. https://iwpr.org/about/our-history-impact/. ^
  16. “Mary E. Rubin.” Center for Reproductive Rights. June 11, 2014. Accessed May 20, 2019. https://www.reproductiverights.org/profile/mary-e-rubin. ^
  17. Kitroeff, Natalie, and Jessica Silver-greenberg. “Planned Parenthood Is Accused of Mistreating Pregnant Employees.” The New York Times. December 20, 2018. Accessed May 20, 2019. https://www.nytimes.com/2018/12/20/business/planned-parenthood-pregnant-employee-discrimination-women.html. ^
  18. Freiburger, Calvin. “Bombshell NY Times Report Says Planned Parenthood Discriminates against Pregnant Employees.” LifeSiteNews. December 21, 2018. Accessed May 20, 2019. https://www.lifesitenews.com/news/breaking-pregnant-employees-accuse-planned-parenthood-of-mistreatment. ^
  19. “Larchmont, New York (NY) Political Contributions by Individuals.” Larchmont, New York (NY) Political Contributions by Individuals – Donations to Congress, Local, or National Races, Republican or Democrat and Other Candidates. Accessed May 20, 2019. http://www.city-data.com/elec2/12/elec-LARCHMONT-NY-12-part1.html. ^
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Nonprofit Information

  • Accounting Period: December - November
  • Tax Exemption Received: April 1, 1998

    • Available Filings

    Period Form Type Total revenue Total functional expenses Total assets (EOY) Total liabilities (EOY) Unrelated business income? Total contributions Program service revenue Investment income Comp. of current officers, directors, etc. Form 990
    2015 Dec Form PF $2,094,798 $991,030 $15,708,605 $29,000 $0 $0 $0 $0 PDF
    2014 Dec Form PF $659,699 $1,046,312 $14,138,615 $29,000 $0 $0 $0 $0 PDF
    2013 Dec Form PF $686,269 $607,274 $14,549,449 $16,500 $0 $0 $0 $0 PDF
    2012 Dec Form PF $974,335 $1,065,514 $14,387,256 $0 $0 $0 $0 $0 PDF
    2011 Dec Form PF $2,526,283 $685,564 $14,455,434 $0 $0 $0 $0 $0 PDF

    Additional Filings (PDFs)

    Map image for Borrego Foundation

    Borrego Foundation

    PO BOX 301
    LARCHMONT, NY 10538-0301