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Hess Foundation
Leon Hess founded the Hess Foundation in 1954. The entity operates as a private family foundation with John B. Hess as president and Marlene Hess and Constance...
Hess Foundation
Leon Hess founded the Hess Foundation in 1954. The entity operates as a private family foundation with John B. Hess as president and Marlene Hess and Constance Williams as vice presidents. Allocations include private equity at roughly 21 percent of reported holdings. Confirmed positions encompass limited partner commitments to Coatue Management funds, K5 Global, Mantis VC, and TQ Ventures. Geographic exposure spans North America and Asia. Direct assets include oceanfront parcels on Tyson Lane in East Hampton and a residence at 730 Park Avenue in New York. The foundation lists estimated giving of $40.98 million focused on education, health, and arts. It sponsored The Frick Fête in Pittsburgh in June 2024. John B. Hess maintains memberships in the Council on Foreign Relations, Economic Club of New York, and The Business Council. Governance centers on family principals with Thomas H. Kean serving as secretary. Service providers include Ernst & Young as auditor and White & Case and Paul Weiss as legal counsel.
General information
Firm type
Endowment / Foundation
Year founded
1954
Location
Region
North America
Country
United States
City
Parsippany
Corporate office
14 Sylvan Way 3rd Floor, Parsippany, NJ, United States
Principals
John B. Hess
President
Marlene Hess
Vice President
Constance Williams
Vice President
Thomas H. Kean
Secretary
Sector focus
Frequently asked questions
Who runs investment decisions at Hess Foundation?
John B. Hess serves as president. Marlene Hess and Constance Williams act as vice presidents. Thomas H. Kean serves as secretary.
Does Hess Foundation participate in fund commitments or only direct deals?
The foundation holds limited partner positions in Coatue Management funds, K5 Global, Mantis VC, and TQ Ventures. It also maintains direct holdings in real estate and art.
Where does the underlying wealth come from?
The foundation traces its origin to Leon Hess, founder of Hess Corporation, an oil and gas company.
What asset classes appear in Hess Foundation holdings?
Reported allocations include private equity, public equity in Hess Corporation and Hess Midstream, real estate, and venture capital fund commitments.
Does Hess Foundation maintain philanthropic structures?
Yes. Hess Foundation Inc. directs grants to education, health, arts, hospitals, and human services organizations including the Metropolitan Museum of Art and Mount Sinai Hospital.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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