SkyBridge Establishes Charitable Foundation

Apr 24 2012 | 9:58am ET

New York-based SkyBridge Capital, an alternative investment firm with $6.2 billion in assets under management and advisement, has established a charitable foundation to raise awareness (and capital) for organizations serving the world's disadvantaged populations.

The Aspire Giving Foundation forms partnerships with select non-profits like charity:water, which brings clean, safe drinking water to people in developing nations; Network for Teaching Entrepreneurship, which provides “entrepreneurship education programs relevant to the real world;” and Warrior Gateway, which connects individuals in the military community with support organizations.

The Aspire Giving Foundation’s stated goals including promoting entrepreneurialism, facilitating access to health care and education, empowering historically disadvantaged populations, advancing the cause of human rights and reducing poverty and hunger.

The foundation will launch on Wednesday, May 9 during the SkyBridge-sponsored SALT 2012 conference at the Bellagio Resort & Casino in Las Vegas. The kickoff will be an evening of “philanthropy and entertainment” featuring a performance by Grammy winners Maroon 5.

“Philanthropy has always been a fundamental part of SkyBridge’s culture and we have thought long about how best to establish a foundation that would provide underserved communities with the appropriate resources to advance their goals and aspirations,” said Anthony Scaramucci, managing partner and founder of SkyBridge. “We support the great work that is being done by charity:water, NFTE and Warrior Gateway, and are excited for the opportunities that Aspire Giving will provide going forward.” 

Featured speakers at this year’s SALT conference include Paul Singer, founder and chief executive officer of Elliott Management Corporation; Elena Ambrosiadou, chairman and CEO of IKOS Group; Kyle Bass, principal and portfolio manager of Hayman Capital Management L.P.; and Leon Cooperman, chairman and CEO of Omega Advisors.


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