# Harry T. Mangurian Jr. Foundation

Harry T. Mangurian Jr. Foundation is an Endowment / Foundation based in Fort Lauderdale, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Fort Lauderdale, United States
- **Region:** North America
- **Address:** 3696 N Federal Hwy, Ste 300, Fort Lauderdale, FL 33308, United States
- **Founded:** 1999
- **Assets under management:** $50M–$100M (Altss estimate)

## Regulatory record

- **Reports private funds:** No

## About

The Harry T. Mangurian Jr. Foundation was established in 1999 by Harry and Dorothy Mangurian. Harry Mangurian, who died in 2008, made his money across several industries — notably as the owner of the Boston Celtics during the Larry Bird era, as a real estate investor, and as the founder of the Drexel Heritage furniture retail chain. Dorothy Mangurian, who died in 2015, was deeply involved in the foundation's giving strategy and remains a namesake on several medical facilities. The foundation's investment posture is unusual in its apparent concentration. While the foundation holds corporate stocks and bonds, a meaningful portion of its capital is deployed through buyout strategies. Its grantmaking focuses on medical research, with named support for institutions studying cancer and brain diseases. It also funds educational programs, humanitarian projects, environmental causes, and arts and culture. The foundation's most visible physical asset is Mockingbird Farm in Ocala, Florida — a thoroughbred breeding and training property that was a personal passion of Harry Mangurian. The foundation operates a lean structure led by Stephen G. Mehallis, a long-time business associate of Harry Mangurian, who serves as President and CEO. Gordon W. Latz and Beth P. Piana round out the leadership team as Vice President/Secretary and VP of Finance/Treasurer, respectively. What distinguishes this foundation is how it preserves a single family's full identity — sports, horses, medical philanthropy, and a concentrated investment book — without reinventing itself as a modern institutional endowment. There is no push toward a diversified multi-asset model or a sprawling co-investment program. The Mangurian Foundation remains architecturally frozen around the specific interests of its founders, run by the business operators who knew them.

## Sectors

- Healthcare Services
- Education
- Real Estate

## People

- Stephen G. Mehallis — President and CEO
- Gordon W. Latz — Vice President and Secretary
- Beth P. Piana — Vice President of Finance and Treasurer

## Questions

### Who runs investment decisions at the Harry T. Mangurian Jr. Foundation?

Stephen G. Mehallis, the foundation's President and CEO, oversees operations and investment decisions. Mehallis was a long-time business associate of founder Harry Mangurian, along with Vice President Gordon Latz and VP of Finance Beth Piana. This tight-knit team has managed the foundation since Dorothy Mangurian's passing in 2015.

### What does the foundation invest in beyond its grantmaking?

The foundation holds a portfolio of corporate stocks and corporate bonds, and its investment strategy is oriented toward buyout strategies, according to its filings. Its single largest physical asset is Mockingbird Farm, the thoroughbred property in Ocala, Florida. The foundation maintains its principal office in a commercial property it owns at 3696 N Federal Highway in Fort Lauderdale.

### What is Mockingbird Farm's role within the foundation?

Mockingbird Farm in Ocala, Florida, was Harry Mangurian's thoroughbred breeding and training operation, a personal passion project that now sits as a foundation asset. It is not a liquid holding and represents a meaningful, illiquid real estate position tied to the founder's personal interests rather than a diversified investment mandate.

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- [United Methodist Health Ministry Fund](https://altss.com/profile/united-methodist-health-ministry-fund)
- [Regent University Endowment](https://altss.com/profile/regent-university-endowment)

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Last updated: 2026-08-11T02:43:31.692Z

Canonical page: https://altss.com/profile/harry-t-mangurian-jr-foundation

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