Tow Foundation

The Tow Foundation is a Connecticut-based private grantmaking foundation founded by Leonard and Claire Tow, who also founded the Century Communications Corporation, a cable television company. 1 The organization makes grants in the arts, medical research, civic engagement, higher education, and criminal justice. 2

At-A-Glance

Formation:

1988

President and Executive Director:

Emily Tow

Location: New Canaan, CT View on map
Tax ID: 06-6484045
Most Recent Filing: 2024
Budget (2024): Assets: $416,205,581 Revenue: $21,380,965 Expenses: $31,686,056

Contents

    The foundation makes grants with a strong focus on New York- and Connecticut-based organizations. The organization makes grants to numerous left-of-center organizations through these programs and is heavily committed to the critical race theory-influenced concept of equity. 3

    History

    The Tow Foundation was founded in 1988 by Leonard and Claire Tow as the family’s private foundation. Initially, the program of the foundation was unstructured and was guided by the personal passions of the family members. 4

    Leonard and Claire Tow were the co-founders of Century Communications Corporation and sold the cable television company in 1999. Century Communications Corporation was the fifth-largest cable television company in the United States at the time. 1 Claire is now deceased, and Leonard is the chairman of the board of the Tow Foundation. 1 Their daughter, Emily Tow, became the president of the foundation in 1995, a position she still occupies as of 2024. 5

    When Emily Tow was brought on board, the foundation began to shift its focus away from medical research, cultural institutions, and higher education. Instead, the focus began to shift towards inequality and left-of-center social policy. 6

    Grantmaking Priorities

    The Tow Foundation funds criminal justice programs to reduce incarceration. It funds programs in both the adult and juvenile criminal justice system that provide alternatives to incarceration, rehabilitation programs in jails and prisons, and services to help former inmates transition back to society. It also advocates on behalf of broader criminal justice policy change.7

    In addition to supporting criminal justice programs, the foundation funds medical research, higher education, and cultural institutions. It funds research into medical cures. It also funds scholarships, fellowships, and internships for college students. It also funds journalism and the arts with an emphasis on theater. It also funds training and creating partnerships for journalists. 8

    The Tow Foundation makes grants in support of the critical-race theory influenced concept of equity. According to the foundation, its work is aimed at taking “action against racist, violent systems,” and aims to “dismantle the systems that have contributed to the racial injustice and deep, violent oppression in our country.” 9 10

    One of the Tow Foundation’s main grantmaking initiatives is for “Equity and Justice,” a program aimed at ending “mass incarceration” and “mass criminalization.” 3 The Tow Foundation has funded The Center for Institutional and Social Change at Columbia Law School to achieve “anti-racist, equitable and inclusive institutions.” 11

    The Tow Foundation also makes large contributions to higher education, including Bard College, Columbia University, Barnard College, and Yale University. 12 The Tow Foundation’s funding of higher education institutions often overlaps with its “Equity and Justice” initiative, such as donations made to The Center for Institutional and Social Change at Columbia Law School and numerous donations to the Bard Prison Initiative at Bard College. 11 13

    The Tow Foundation also supports civic engagement efforts including activities from “educating to mobilizing, training, convening, and organizing.” 14 It also supports medical causes such as cancer research, and the performing arts. 15 16

    The Tow Foundation also supports the Tow Center for Digital Journalism located in the Columbia University Graduate School of Journalism, totaling over $10 million in support from the Center’s inception in 2010. 17

    People

    Leonard Tow is the chairman of the board of the Tow Foundation. He sits on the board of the “Lincoln Center Theater and Educational Broadcasting Corporation,” and is a “trustee of the Brooklyn College Foundation and the Mailman School of Public Health at Columbia University and serves as a director of AMC Networks,” according to his biography on the Tow Foundation’s website. 18

    Emily Tow is the president and executive director of the Tow Foundation. Tow is a trustee of both New York Public Radio and The Marshall Project. She was also appointed to the New York State Juvenile Justice Advisory Group by former New York Governor Andrew Cuomo (D). She is a member of Grantmakers for Effective Organizations and Exponent Philanthropy and is a former chair of Philanthropy New York and a former trustee of Barnard College. 19 20 21

    Beeta Jahedi is the director of strategy and communications. She has been working for the foundation since 2017. Previously, she was the senior director of learning and programs at San Diego Grantmakers. 20

    Diane Sierpina is the director of justice initiatives. She has been a part of the foundation since 1998. Before joining the foundation, she was a newspaper and magazine journalist. Sierpina holds leadership roles with the Connecticut Juvenile Justice Alliance, the New York Juvenile Justice Initiative, and the Youth Transition Funders Group. 22

    Funding

    In 2023, the foundation had $14,366,606 in revenue, $31,079,753 in expenses, and $321,681,918 in total assets. 12 According to the foundation, seventy percent of its grants are multi-year and unrestricted funding. 5

    In 2023, Bard College received $650,000 from the Tow Foundation, Barnard College received $210,000, the Brooklyn College Foundation received $800,000, Columbia University received nearly $2 million, the Craig Newmark Graduate School of Journalism CUNY Foundation received $150,000, and the Dwight Hall at Yale (Center for Public Service and Social Justice) received $100,000. 12

    Also in 2023, the Campaign for the Fair Sentencing of Youth received $500,000 and the Frederick Douglass Project for Justice received $100,000 from the Tow Foundation. The Planned Parenthood Federation of America received $10,000, GirlTrek received $200,000, the Robin Hood Foundation received $200,000, the Futuro Media Group received $400,000, the Tides Center received $250,000, the Willaim J. Brennan Jr. Center for Justice received $150,000, the Memorial Sloan-Kettering Cancer Center received $2 million, and the Lincoln Center for the Performing Arts received $1 million. 23

    Financial Statistics

    Total Assets

    Total Revenue

    Total Expenses

    YearTotal AssetsTotal RevenueTotal ExpensesFiling
    2024 $416,205,581 $21,380,965 $31,686,056 View
    2023 $403,543,339 $14,366,606 $31,079,753 View
    2022 $380,256,227 $8,216,304 $33,758,340 View
    2021 $435,060,157 $215,132,294 $21,201,578 View
    2020 $226,097,032 $15,992,126 $22,845,042 View

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

    Expenses Detail

    Employee Compensation

    Highest Earning Employees

    EmployeeTitleTotal Compensation
    Emily TowPRESIDENT$368,388
    Meghan LowneyVP OF STRATEGY & IMP$221,626
    Diane SierpinaPROGRAM DIRECTOR$177,952
    Susan RansdenASSISTANT SECRETARY$165,139
    Eileen C WisemanPROGRAM DIRECTOR$165,000
    Nadia AliaDIR. OF OPERATIONS$164,756
    Diana EchevarriaSR. PROGRAM OFFICER$128,298
    Benjamin JacksonDIRECTOR$46,619

    Grant Activity

    All-time grants given statistics from Candid dataset:

    • Total Grant Value: $264,296,332
    • Number of Grants: 2,435
    • Number of Recipients: 639

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

    AmountYearFunderSubject
    $5,000,0002020 Barnard CollegeBOLD STANDARD CAMPAIGN: 10 CLAIRE TOW ENDOWED PROFESSORS
    $1,600,0002024 Memorial Sloan-Kettering Cancer CenterTHE INITIATIVE IN RADIOTHERANOSTICS
    $1,600,0002023 Memorial Sloan-Kettering Cancer CenterTHE INITIATIVE IN RADIOTHERANOSTICS AT MSK
    $1,600,0002022 Memorial Sloan-Kettering Cancer CenterTHE INITIATIVE IN RADIOTHERANOSTICS AT MSK
    $1,500,0002022 Memorial Sloan-Kettering Cancer CenterCREATION OF THE CENTER FOR DEVELOPMENTAL ONCOLOGY
    $1,500,0002021 Memorial Sloan-Kettering Cancer CenterCREATION OF THE CENTER FOR DEVELOPMENTAL ONCOLOGY
    $1,500,0002021 New York Genome Center IncRESTRICTED FUNDING – NEW SEQUENCING TECHNOLOGY EQUIPMENT
    $1,400,0002024 New York Genome Center IncTHE CENTER OF EXCELLENCE IN WOMENS CLINICAL GENOMIC HEALTHCARE
    $1,400,0002023 New York Genome Center IncWOMEN'S GENETICS CENTER -THE CENTER OF EXCELLENCE IN WOMENS CLINICAL GENOMIC HEALTHCARE
    $1,240,0002023 Hospital for Special SurgeryREALIZING THE PROMISE OF PRECISION MEDICINE AND TISSUE REGENERATION IN AUTOIMMUNE AND MUSCULOSKELETAL DISEASES
    $1,200,0002024 Memorial Sloan-Kettering Cancer CenterTHE TOW INITIATIVE IN COMPUTATIONAL IMMUNO-ONCOLOGY
    $1,120,0002022 Hospital for Special SurgeryLEVERAGING GENOMICS TO PREVENT AND REPAIR TISSUE DAMAGE
    $1,120,0002021 Hospital for Special SurgeryLEVERAGING GENOMICS TO PREVENT AND REPAIR TISSUE DAMAGE
    $1,120,0002020 Hospital for Special SurgeryLEVERAGING GENOMICS TO PREVENT AND REPAIR TISSUE DAMAGE
    $1,000,0002024 Lincoln Center for the Performing Arts IncWEST PROJECT CAPITAL CAMPAIGN
    $1,000,0002023 Lincoln Center for the Performing Arts IncWEST PROJECT CAPITAL CAMPAIGN
    $1,000,0002022 University of MiamiRESTRICTED FUNDING – DEFINITION OF TWO BIOLOGICALLY AND CLINICALLY DISTINCT ENTITIES: PROGRESSIVE VERSUS STABLE MULTIPLE MYELOMA (MM) PRECURSOR CONDITIONS THE TRANSFORMM STUDY
    $1,000,0002021 University of MiamiRESTRICTED FUNDING – DEFINITION OF TWO BIOLOGICALLY AND CLINICALLY DISTINCT ENTITIES: PROGRESSIVE VERSUS STABLE MULTIPLE MYELOMA (MM) PRECURSOR CONDITIONS – THE TRANSFORMM STUDY
    $1,000,0002020 Memorial Sloan-Kettering Cancer CenterCREATION OF THE CENTER FOR DEVELOPMENTAL ONCOLOGY
    $750,0002020 New York Genome Center IncAN INTEGRATIVE APPROACH TO THE GENETICS AND GENOMICS OF ALS
    $710,0002023 Memorial Sloan-Kettering Cancer CenterTHE TOW FOUNDATION FELLOWSHIP PROGRAM IN MOLECULAR IMAGING AND NANOTECHNOLOGY
    $710,0002022 Memorial Sloan-Kettering Cancer CenterTHE TOW FOUNDATION FELLOWSHIP PROGRAM IN MOLECULAR IMAGING AND NANOTECHNOLOGY
    $710,0002021 Memorial Sloan-Kettering Cancer CenterTHE TOW FOUNDATION FELLOWSHIP PROGRAM IN MOLECULAR IMAGING AND NANOTECHNOLOGY
    $710,0002020 Memorial Sloan-Kettering Cancer CenterTHE TOW FOUNDATION FELLOWSHIP PROGRAM IN MOLECULAR IMAGING AND NANOTECHNOLOGY
    $600,0002024 The Norwalk Hospital AssociationTHE CLAIRE TOW INTENSIVE CARE UNIT

    References

    1. “Family Legacy.” The Tow Foundation, November 29, 2022. https://www.towfoundation.org/about/our-story/family-legacy/.
    2. “Our Approach.” The Tow Foundation, August 28, 2023. https://www.towfoundation.org/impact-areas/our-approach/.
    3.  “Equity and Justice.” The Tow Foundation, May 16, 2024. https://www.towfoundation.org/impact-areas/equity-and-justice/.
    5.  “Our Story.” The Tow Foundation, August 28, 2023. https://www.towfoundation.org/about/our-story/.
    7. “Justice Initiatives”. 2019. Tow Foundation. Accessed August 26. https://www.towfoundation.org/justice-initiatives/.
    8. “Strategic Initiatives”. 2019. Tow Foundation. Accessed August 26. https://www.towfoundation.org/strategic-initiatives/.
    9. Brady, Dan. “Black Lives Matter.” The Tow Foundation, March 31, 2022. https://www.towfoundation.org/the-latest/black-lives-matter/.
    10. “Our Foundation.” The Tow Foundation, June 8, 2023. https://www.towfoundation.org/about/our-foundation/.
    11. “Center for Social and Institutional Change and Columbia Law School.” The Tow Foundation. Accessed January 6, 2025. https://www.towfoundation.org/grantee/center-for-social-and-institutional-change-and-columbia-law-school/.
    12. “Tow Foundation,” Private Foundation Exempt From Income Tax (Form 990 PF) 2023. Page 11 Part XIV.
    14. “Civic Engagement.” The Tow Foundation, September 6, 2024. https://www.towfoundation.org/impact-areas/civic-engagement/.
    15. “Medicine and Public Health.” The Tow Foundation, May 16, 2024. https://www.towfoundation.org/impact-areas/medicine-and-public-health/.
    16. “Arts and Culture.” The Tow Foundation, May 16, 2024. https://www.towfoundation.org/impact-areas/arts-and-culture/.
    18. “Leonard Tow.” The Tow Foundation, September 12, 2022. https://www.towfoundation.org/person/leonard-tow/.
    19. “Emily Tow.” The Tow Foundation, December 5, 2024. https://www.towfoundation.org/person/emily-tow/.
    20. “Staff”. 2019. Tow Foundation. Accessed August 26. https://www.towfoundation.org/staff/.
    21. Nadia Alia is the director of operations. She has been working for the foundation since 2013. Previously, she was the manager of member services at Philanthropy New York. [note]“Staff”. 2019. Tow Foundation. Accessed August 26. https://www.towfoundation.org/staff/.
    22. “Staff”. 2019. Tow Foundation. Accessed August 26. https://www.towfoundation.org/staff/.
    23.  “Tow Foundation,” Private Foundation Exempt From Income Tax (Form 990 PF) 2023. Pages 1, 2.