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Jack, Joseph and Morton Mandel Foundation
The Jack, Joseph and Morton Mandel Foundation traces to 1953 when brothers Jack, Joseph and Morton Mandel created the entity. Its wealth originated in...
Jack, Joseph and Morton Mandel Foundation
The Jack, Joseph and Morton Mandel Foundation traces to 1953 when brothers Jack, Joseph and Morton Mandel created the entity. Its wealth originated in industrial and electronic component supply. The foundation maintains headquarters in Cleveland and an Israel headquarters in Jerusalem. The foundation allocates across private equity, public equities and real assets. Confirmed positions include holdings in The Riverside Company through Parkwood LLC and limited partnership interests in Deerfield Management, Lone Star Funds and Warburg Pincus. Geographic exposure centers on the United States and Israel. It integrates mission-related investing and program-related investing to align endowment assets with philanthropic objectives. Assets total an estimated $2 billion. The foundation maintains additional offices in Israel and supports vehicles including the Mandel Institute for Nonprofit Leadership. A recent operational event includes sponsorship of the Mandel Opera & Humanities Festival in Cleveland in May 2023. Parkwood LLC serves as the dedicated investment advisor and operating company, creating a hybrid structure that separates grantmaking from asset management while retaining family oversight through trustees.
General information
Firm type
Endowment / Foundation
Year founded
1953
Location
Region
North America
Country
United States
City
Cleveland
Corporate office
1000 Lakeside Avenue, Cleveland, OH 44114, United States
Additional offices
Jerusalem, Israel
Principals
Jehuda Reinharz
President and CEO
Stephen H. Hoffman
Chairman of the Board of Trustees
Adam Langsam
CEO of Parkwood LLC and Trustee
Sector focus
Frequently asked questions
Who runs investment decisions at the Jack, Joseph and Morton Mandel Foundation?
Adam Langsam serves as CEO of Parkwood LLC, the investment advisor. Jehuda Reinharz acts as President and CEO of the foundation itself.
How is the foundation related to Parkwood LLC?
Parkwood LLC functions as the investment advisor and holds operating company status for the foundation's assets.
Does the foundation participate in fund commitments or only direct deals?
It holds limited partnership interests in funds managed by Deerfield Management, Lone Star Funds and Warburg Pincus.
Where does the underlying wealth come from?
The wealth originated with Jack, Joseph and Morton Mandel through their industrial and electronic component supply business.
What investment stages does the foundation typically target?
Allocations include venture capital, early stage, growth, buyout and secondaries strategies.
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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