Portfolio Magazine dug through the latest IRS filings of all the family foundations started by Wall Street money.
Of the 50 most generous foundations--not necessarily the largest, but those that gave out the most money--24 were from hedge funds, a mere six from private equity, 13 from investment banks, and only three from mutual funds.
No. 1 on the list: Robert Wilson Charitable Trust, named for the 80-year-old founder of the self-named Robert Wilson hedge fund. The foundation donated a total of $52.5 million last year to three causes: the Nature Conservancy, Wildlife Conservation Society, and Environmental Defense.
No. 2: John Templeton Foundation, named for the founder of Templeton Mutual Funds. He donated $44.3 million, mostly to organizations that focus on the nexus of science and personality, and the intersection of business and spirituality.
No. 3: Jim Simons, of hedge fund Renaissance Technologies, donating 33 million to math
and science education.
No. 4: Tiger Management's Julian Robertson, whose foundation donated $32 million, mostly to education.
No. 5: Former Citigroup CEO Sandy Weill's foundation donated $26. 4 million to places like Carnegie Hall and Cornell University.
One interesting footnote: of the family foundations started by investment banking money. more than half come from Goldman Sachs.