# Blackstone Charitable Foundation

Blackstone Charitable Foundation is a Foundation based in New York, United States.

## Overview

- **Organization type:** Foundation
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2012
- **Assets under management:** Undisclosed
- **Website:** blackstonecharitablefoundation.org
- **LinkedIn:** https://www.linkedin.com/company/blackstone-charitable-foundation

## Regulatory record

- **Reports private funds:** No

## About

Blackstone Charitable Foundation is the philanthropic arm of Blackstone, a private equity firm. It supports Blackstone's goal of creating economic opportunity for under-resourced communities through programs like Blackstone Launchpad and Blackstone Connect. The foundation was founded in 2007 and is based in New York, New York.

## Sectors

- Education
- Entrepreneurship
- Economic Development

## Offices

- Mountain View, CA
- Austin, TX
- Pleasant Hill, CA
- Los Angeles, CA

## People

- Joan Solotar — Board Member
- Stephen A. Schwarzman — Founder

## Questions

### How is the Blackstone Charitable Foundation structured relative to Blackstone Group?

The foundation is a separate 501(c)(3) nonprofit organization, funded by Blackstone and its executives. It is governed by an independent board that includes senior Blackstone leaders, but its philanthropic decisions are made separately from the firm's commercial asset management business.

### Does the foundation invest in external organizations or manage an endowment?

No. The foundation does not operate an investment portfolio or distribute capital to external grantees in the manner of a community foundation. It designs and operates its own programs — primarily Blackstone LaunchPad and career training initiatives — alongside select institutional partnerships.

### What is Blackstone LaunchPad and how does it work?

Blackstone LaunchPad is a campus-based entrepreneurship program active at over 40 universities in the US and Europe. It provides mentorship, workshops, networking, and access to capital for student entrepreneurs, and is staffed by foundation personnel embedded at each partner university.

### Where does the foundation's funding come from?

Funding is provided by Blackstone Group and its senior executives, including a significant personal donation from co-founder Stephen A. Schwarzman. The foundation does not solicit outside donations.

### What geographic regions does the foundation focus on?

The foundation operates primarily in the United States and Europe. Its university programs are concentrated in cities where Blackstone has offices, including New York, Mountain View, Austin, and Los Angeles, but extend to partner campuses across both continents.

### Does the foundation fund individual beneficiaries directly?

No. The foundation funds institutional programs and partnerships, not individual grants. Students and participants engage through university-based structures like LaunchPad, not by direct application to the foundation.

### Has the foundation made recent program expansions?

In 2023, the foundation expanded Blackstone LaunchPad to 15 additional HBCUs and diverse-serving institutions, bringing total program reach to over 40 campuses. This expansion was part of a multi-year commitment to diversity and access in entrepreneurship.

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Last updated: 2026-06-03T20:00:00.000Z

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