The Leon and Toby Cooperman Family
The Leon and Toby Cooperman Family Foundation is a private foundation established in 1981 and based in Boca Raton, Florida. The foundation was created by Leon G. Cooperman, founder and chairman of the hedge fund firm Omega Advisors, Inc., and his wife Toby. As a 501(c)(3) organization, the foundation focuses on philanthropic giving across education, healthcare, Jewish causes, and community development.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$580.6M
+33.9% YoY
Annual Giving
$22.3M
+17.9% YoY
Grant Count
105
+28.0% YoY
Avg Grant Size
$213K
-7.9% YoY
Mission & Focus Areas
The foundation's philanthropic philosophy is grounded in the Talmudic principle that "a man's net worth is measured not by what he earns but rather what he gives away." Leon and Toby Cooperman signed The Giving Pledge in 2010, committing to give away at least half of their wealth to philanthropy.
Primary funding focus areas include:
- Community health and medical grants
- Health and wellness initiatives
- Intellectual and developmental disabilities
- School health and health education
- Jewish causes and community support
- Education
- Community development
Grantmaking
The foundation made 82 grants in 2024 and operates through a discretionary, trustee-directed grantmaking approach.
Grant Range
** $2,000 to $100,000,000, with significant variation based on cause and recipient
Invitation Only
** The foundation does not maintain a public application process and operates on an invitation-only basis. The foundation does not accept unsolicited proposals and maintains a very low public profile.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in New York and New Jersey, with particular emphasis on Essex County, New Jersey and New York City. The foundation also supports initiatives in the Boca Raton, Florida area.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Total Assets: $580,603,240 (2025)
Annual Revenue: $170,745,366 (2025)
Annual Expenses: $23,200,648 (2025)
Total Liabilities: $599,000 (2024)
Total Assets (2024): $434,000,000
Revenue (2024): $38.4 million
Expenses (2024): $20.4 million
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $580,603,240 | $433,657,872 | $415,095,569 |
| Revenue | $170,745,366 | $38,408,388 | $51,677,935 |
| Expenses | $23,200,648 | $20,445,435 | $36,121,128 |
| Qualifying Distributions | $22,565,023 | $19,169,435 | $24,468,219 |
| Net Investment Income | $179,872,656 | $40,970,448 | $52,750,589 |
| Distributable Amount | $21,922,444 | $21,866,103 | $21,100,599 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
103 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Leon G. Cooperman - Founder and primary philanthropist; son of a plumber from the South Bronx; first-generation American and college graduate; former Goldman Sachs executive; founder and chairman of Omega Advisors, Inc.
Toby Cooperman - Co-founder and philanthropic partner
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LEON G COOPERMAN | TRUSTEE | 10 | — |
| TOBY F COOPERMAN | TRUSTEE | 5 | — |
| MICHAEL S COOPERMAN | TRUSTEE | 5 | — |
| WAYNE M COOPERMAN | TRUSTEE | 5 | — |
| JODI COOPERMAN | TRUSTEE | 5 | — |
| COURTNEY COOPERMAN | TRUSTEE | 5 | — |
| ANNE ARCHER | TRUSTEE | 5 | — |
Recent News & Activity
Recent developments and announcements
In 2024, Leon Cooperman halted donations to Columbia University after contributing over $50 million historically, citing concerns about the institution's response to antisemitism. This action demonstrated his philosophy of treating philanthropy as an investment requiring periodic evaluation and accountability.
The foundation continues to support major healthcare initiatives, including a transformative $25 million gift to Boca Raton Regional Hospital in 2019 toward their capital campaign, resulting in the naming of the Toby and Leon Cooperman Medical Arts Pavilion.
TOBY AND LEON COOPERMAN GIFT $500,000 TO SUPPORT RENOVATION OF THE HEALTHThe foundation also supports the Toby & Leon Cooperman Center for Families & Children through Ruth & Norman Rales Jewish Family Services, which provides services including case management, counseling, support groups, psychiatric services, and community outreach in Boca Raton and Delray Beach.
TOBY AND LEON COOPERMAN GIFT $500,000 TO SUPPORT RENOVATION OF THE HEALTHData last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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