Grossman Family Foundation

Grossman Family Foundation

Founded in 2008 and based in Greenwich, Connecticut, the Grossman Family Foundation emerged from the exit of Southern Container Corp., the packaging company Steven Grossman led as CEO. The foundation operates as a tax-exempt private foundation under IRS Section 501(c)(3), supporting religious, educational, charitable, scientific, and literary causes. Its philanthropic footprint is dominated by a deep relationship with the University of Vermont, where a $15 million gift established the Grossman School of Business. The foundation deploys capital across private equity, private debt, and private real estate, though specific fund commitments and direct positions remain undisclosed. Its investment posture is characteristic of a lean, single-principal foundation — making allocations to external managers rather than building an in-house direct-investment team. Geographic focus appears concentrated in the Northeast, with known interests in Vermont farmland and Connecticut residential real estate alongside the liquid portfolio. Steven Grossman serves on the UVM Foundation Board of Directors and its Leadership Council, and previously sat on the UVM Business School Board of Advisors. Executive Director Linda Franciscovich handles day-to-day operations. The foundation also maintains ties to the SI-MBA Investment Fund at the University of Vermont, a student-managed vehicle that connects the foundation's philanthropic mission to experiential education. No dedicated investment staff or additional offices are publicly identified. The foundation's structural differentiator is its tight coupling of philanthropy and investing — rather than maintaining a separate family office, the Grossmans appear to run investment and charitable activities through the same 501(c)(3) entity, creating an unusually direct pipeline from returns to university programs and other grantees.