Tuesday, September 9, 2014
Barbara Picower Is Back In Business As One Of The Nation's Top Philanthropists
Barbara Picower has resumed her role as one of the nation’s top philanthropists, heading a new foundation with more than $2 billion in assets.
Operating out of one of Manhattan’s most exclusive office towers, Picower has set up The JPB Foundation, which is now one of the nation’s biggest philanthropic organizations. The JPB Foundation had $1.1 billion in assets as of the end of 2012, tax records show. Picower’s new foundation has since doubled in size, according to a person familiar with its activities, and currently has more than $2 billion of assets. That makes it one of the top 40 foundations by asset size in the nation, according to Foundation Center’s list of the largest grant-making foundations....