Paul E. Singer Foundation

The Paul E. Singer Foundation is a private grantmaking foundation run by hedge fund manager and political donor Paul Singer that provides financial support to initiatives and organizations that advocate policies promoting free-market economics, U.S. national security, LGBT interests, and what it considers “intellectual diversity” on college campuses and universities. 1

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At-A-Glance

Type: Non-profit, 501(c)(3), Private Foundation
Website: thepesfoundation.org
Formation:

2010

Executive Director:

Daniel Bonner

Location: New York, NY View on map
Tax ID: 27-2009342
Most Recent Filing: 2024
Budget (2024): Assets: $894,113,335 Revenue: $115,928,576 Expenses: $214,863,297

Contents

    Grantmaking

    In 2021, the Paul E. Singer Foundation donated $68 million to the J.P. Morgan Charitable Gift Fund, a donor-advised fund that works in conjunction with National Philanthropic Trust, which manages social impact investment and donor-advised fund accounts. That same year, the Foundation’s second largest donation ($1.635 million) was to the New York-based right-of-center think tank Manhattan Institute for Policy Research. 2

    The Paul E. Singer Foundation has donated to pro-Israel organizations and movements. In 2021, the foundation provided grants to Boundless Israel ($125,000), the Israel America Academic Exchange ($300,000), the Birthright Israel Foundation ($918,750 ), the Jewish Community Relations Council of New York ($550,000), the Jewish Agency for Israel ($550,000), the Jewish Funders Network ($110,000) and the UJA Federation of New York ($755,000). 2

    Funding

    According to tax filings, the Singer Family Charitable Foundation contributed $90 million in common shares of Elliot International Limited to the Paul E. Singer Foundation in 2010, the same year the foundation gained tax-exempt status. 3

    The Paul E. Singer Foundation has also received funding from Paul Singer through donations and common shares of Elliot International Limited. From 2010 through 2016, those contributions totaled nearly $35.5 million in cash and $641 million in shares. 4

    Leadership

    Paul E. Singer is the president and treasurer of the Paul E. Singer Foundation, the president of the Singer Family Charitable Foundation, and the founder, president, co-CEO, and co-CIO of Elliott Investment Management. Singer is a cofounder of Start-Up Nation Central and chair of the Manhattan Institute for Policy Research. 5 In 2012, Singer donated $1 million towards the founding of the American Unity PAC. 6

    Myron Kaplan is the secretary of the board of the Paul E. Singer Foundation and a founder member of the law firm Kleinberg Kaplan. Kaplan is the chair of the board of CorMedix and a trustee of the Lehman Brothers Plan Holding Trust. 7

    Terry Kassell is the head of strategic human resources at Elliott Investment Management and a former global head of human resources at Merrill Lynch. Kassell is the chair of the board of Start-Up Nation Central and sits on the boards of OneTable, Tikvah, and the Jewish Food Society as of 2025. 8

    Daniel Senor is the chief public affairs officer at Elliott Investment Management and sits on the board of Start-Up Nation Central. Senor is a former senior advisor to former U.S. Senator Mitt Romney (R-UT) and former U.S. House Speaker Paul Ryan (R-WI) and is the author of The Genius of Israel and Start-Up Nation. 9

    Daniel Bonner is the executive director of the Paul E. Singer Foundation and member of its board. Bonner is a Sacks Scholar with the Rabbi Sacks Legacy Trust, a senior advisor at the Paul E. Singer Family Office, and sits on the board of the Columbia/Barnard Hillel. 10

    Other members of the board include Anne G. Dickerson and Harry Z. Cohen, who is also the head of strategy at the Foundation. 11

    Aaron MacLean is the senior director of the Paul E. Singer Foundation, is a senior fellow at the Foundation for Defense of Democracies, and sits on the board of Philanthropy Roundtable. 12

    Financial Statistics

    Total Assets

    Total Revenue

    Total Expenses

    YearTotal AssetsTotal RevenueTotal ExpensesFiling
    2024 $894,113,335 $115,928,576 $214,863,297 View
    2023 $993,995,814 $53,898,811 $135,384,018 View
    2022 $1,027,177,580 $26,633,741 $85,815,324 View
    2021 $1,025,655,033 $19,273,091 $58,472,809 View
    2020 $907,187,181 $3,915,843 $19,037,199 View

    Prior year filings: 2019, 2015, 2014, 2013, 2012, 2011

    Expenses Detail

    Employee Compensation

    Highest Earning Employees

    EmployeeTitleTotal Compensation
    Daniel BonnerB DIRECTOR/EXECUTIVE DIRECTOR$688,572
    Harry Z CohenB DIRECTOR/DIRECTOR & HEAD OF STRATEGY$597,843
    Aaron MacLeanSENIOR DIRECTOR$581,378
    Julia SchulmanDIRECTOR, JEWISH/ISR$427,417
    Keegan CallananDIRECTOR, HIGHER EDU$393,368
    Michele PackmanDIRECTOR OF OPERATIO$356,801
    Deborah HochbergSENIOR ADVISOR$301,711

    Grant Activity

    All-time grants received statistics from Candid dataset:

    • Total Grant Value: $3,200
    • Number of Grants: 1
    • Number of Funders: 1

    Selection of highest value grants received from the last seven years:

    AmountYearFunderSubject
    $3,2002020 Smeenk Family Foundation IncMINISTRY GRANT

    All-time grants given statistics from Candid dataset:

    • Total Grant Value: $697,961,350
    • Number of Grants: 584
    • Number of Recipients: 249

    Selection of highest value grants given from the last seven years:

    AmountYearFunderSubject
    $161,500,0002024 JP Morgan Charitable Giving FundFOR CHARITABLE PURPOSE OF ORGANIZATION
    $110,000,0002023 JP Morgan Charitable Giving FundFOR CHARITABLE PURPOSE OF ORGANIZATION
    $68,000,0002022 JP Morgan Charitable Giving FundFOR CHARITABLE PURPOSE OF ORGANIZATION
    $46,000,0002021 JP Morgan Charitable Giving FundFOR CHARITABLE PURPOSE OF ORGANIZATION
    $25,000,0002024 The Singer Family Charitable FoundationFOR CHARITABLE PURPOSE OF ORGANIZATION
    $2,376,0002023 United Jewish Appeal – Federation of Jewish Philanthropies of New York dba UJA-Federation of NYFOR CHARITABLE PURPOSE OF ORGANIZATION
    $2,340,0002024 United Jewish Appeal – Federation of Jewish Philanthropies of New York dba UJA-Federation of NYFOR CHARITABLE PURPOSE OF ORGANIZATION
    $1,635,0002022 MANHATTAN INSTITUTE FOR POLICY RESEARCH, INC.FOR CHARITABLE PURPOSE OF ORGANIZATION
    $1,445,0002024 Birthright Israel FoundationFOR CHARITABLE PURPOSE OF ORGANIZATION
    $1,360,0002023 Jewish Funders NetworkFOR CHARITABLE PURPOSE OF ORGANIZATION
    $1,250,0002020 American Israel Education Foundation IncFOR CHARITABLE PURPOSE OF ORGANIZATION
    $1,250,0002020 The Jewish Federations of North America IncFOR CHARITABLE PURPOSE OF ORGANIZATION
    $1,145,0002023 Birthright Israel FoundationFOR CHARITABLE PURPOSE OF ORGANIZATION
    $1,100,0002021 MANHATTAN INSTITUTE FOR POLICY RESEARCH, INC.FOR CHARITABLE PURPOSE OF ORGANIZATION
    $1,100,0002020 MANHATTAN INSTITUTE FOR POLICY RESEARCH, INC.FOR CHARITABLE PURPOSE OF ORGANIZATION
    $1,075,0002020 Birthright Israel FoundationFOR CHARITABLE PURPOSE OF ORGANIZATION
    $1,020,0002020 Prizmah: Center for Jewish Day SchoolsFOR CHARITABLE PURPOSE OF ORGANIZATION
    $1,000,0002024 Blair House FoundationFOR CHARITABLE PURPOSE OF ORGANIZATION
    $1,000,0002023 The Jewish Federations of North America IncFOR CHARITABLE PURPOSE OF ORGANIZATION
    $1,000,0002020 United Jewish Appeal – Federation of Jewish Philanthropies of New York dba UJA-Federation of NYFOR CHARITABLE PURPOSE OF ORGANIZATION
    $918,7502022 Birthright Israel FoundationFOR CHARITABLE PURPOSE OF ORGANIZATION
    $755,0002022 United Jewish Appeal – Federation of Jewish Philanthropies of New York dba UJA-Federation of NYFOR CHARITABLE PURPOSE OF ORGANIZATION
    $745,0002020 Tamid Israel Investment Group LtdFOR CHARITABLE PURPOSE OF ORGANIZATION
    $700,0002024 TAMID GroupFOR CHARITABLE PURPOSE OF ORGANIZATION
    $635,0002021 TAMID GroupFOR CHARITABLE PURPOSE OF ORGANIZATION

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    Financials, employee compensation, and grant information provided by Candid.

    Mentioned in this Article

    References

    1. “The Foundation.” The Paul E. Singer Foundation. Accessed April 29, 2024. https://thepesfoundation.org/the-foundation/.
    2. The Paul E. Singer Foundation, Return of Private Foundation (Form 990-PF), 2021, Part XIV, Line 3.
    3. The Paul Singer Family Foundation, Return of Private Foundation (Form 990-PF), 2009, Attachment, Part III, Line 5 on page 2.
    4. The Paul E. Singer Foundation, Return of Private Foundation (Form 990-PF), 2010-2016, Schedule B, Parts I and II.
    5. “Paul E. Singer.” The Paul E. Singer Foundation. Accessed April 26, 2024. https://thepesfoundation.org/paul-singer/.
    6. “American Unity PAC.” Ballotpedia. Accessed April 26, 2024. https://ballotpedia.org/American_Unity_PAC.
    7.  “Board of Directors.” CoeMedix. Accessed April 27, 2024. https://cormedix.com/board-of-directors/.
    8.  “Terry Kassel.” Elliott Investment Management. Accessed April 27, 2024. https://www.elliottmgmt.com/who-we-are/terry-kassel/.
    9. “Dan Senor.” Elliott Investment Management. Accessed April 27, 2024. https://www.elliottmgmt.com/who-we-are/dan-senor/.
    10. “Daniel Bonner.” The Rabbi Sacks Legacy Trust. Accessed April 28, 2024. https://rabbisacks.org/sacks-scholars/daniel-bonner/.
    11.  The Paul E. Singer Foundation, Return of Private Foundation (Form 990-PF), 2021, Part VII, Line 1.
    12. “Aaron MacLean.” Philanthropy Roundtable. Accessed April 28, 2024. https://www.philanthropyroundtable.org/team/aaron-maclean/.