# Louis Greenspan Charitable Trust Louis Greenspan Charitable Trust is an Endowment / Foundation based in Poughkeepsie, United States. ## Overview - **Organization type:** Endowment / Foundation - **Headquarters:** Poughkeepsie, United States - **Region:** North America - **Address:** Poughkeepsie, NY, United States - **Founded:** 1998 - **Assets under management:** Undisclosed - **LinkedIn:** https://linkedin.com/company/louis-greenspan ## Regulatory record - **Reports private funds:** No ## About The Louis Greenspan Charitable Trust was founded in 1998 in Poughkeepsie, New York, following the vision of its namesake, Louis Greenspan, a deceased real estate developer and philanthropist. Executive Director and Trustee Gary M. Schiro leads a board that includes long-time advisors Daniel F. Curtin, Gary D. Koch, and Richard V. DuVall, who serves as legal counsel. The trust's strategy is defined by a direct real estate operating model. It holds commercial and mixed-use properties, notably the Louis Greenspan Day Care Center at 53 Pendell Road and adjoining properties at 50 Raymond Avenue in Poughkeepsie. Income derived from these holdings funds the trust's core philanthropic mandate: grants supporting educational initiatives. Confirmed grantmaking recipients include Marist College, where the trust contributed to the President's Fund for Equity in the Marist Experience. Named physical assets also reflect the founder's legacy: the Louis Greenspan Conference Room in Hyde Park and the Louis Greenspan Children's Corner in Poughkeepsie. Unlike a typical endowment that outsources investment management, the Louis Greenspan Charitable Trust integrates the asset and the mission. The revenue-generating properties — most visibly the daycare center — serve community needs while producing the income stream that enables its educational grants. This structure ties the founder's original business in real estate directly to the trust's ongoing philanthropic capacity, a closed-loop model uncommon among small foundations. ## Sectors - Education - Real Estate ## People - Louis Greenspan — Founder - Gary M. Schiro — Executive Director and Trustee - Daniel F. Curtin — Trustee - Gary D. Koch — Trustee - Richard V. DuVall — Trustee and Legal Counsel ## Questions ### How does the Louis Greenspan Charitable Trust fund its grantmaking? The trust owns commercial and mixed-use properties directly, including a daycare center on Pendell Road in Poughkeepsie. Income from these properties provides the financial foundation for its grants. This is distinct from a traditional endowment that invests in financial markets; the trust's assets are concentrated in local real estate. ### What is the trust's relationship with Marist College? The trust has contributed to the President's Fund for Equity in the Marist Experience, per the trust's disclosed grantmaking. Marist College, located in Poughkeepsie, represents a concentrated local giving focus typical of a place-based foundation. The trust also maintains named spaces at other local venues, including a conference room in Hyde Park. ### Who manages the trust's day-to-day operations and investments? The trust is governed by a board of trustees with deep ties to the founder. Gary M. Schiro serves as Executive Director and Trustee. Richard V. DuVall serves as both Trustee and Legal Counsel. The board directly oversees the real estate assets and grantmaking without a publicly named investment staff. ### What was the source of Louis Greenspan's wealth? Louis Greenspan was a real estate developer and philanthropist based in Poughkeepsie, New York. The trust's asset base — consisting of commercial real estate — is a direct continuation of his business activities in the region. The properties were contributed to or purchased by the trust as part of its endowment. ### Does the trust accept outside investment or co-investment partners? The trust does not publicly solicit outside capital. It functions as an independent foundation with its own asset base of directly held properties. All operations and grantmaking are funded internally through this real estate portfolio, and there is no indication it operates as a multi-family office or pooled investment vehicle. ## Related profiles - [Louis Foundation](https://altss.com/profile/louis-foundation) - [Louis Henry Wealth Management](https://altss.com/profile/louis-henry-wealth-management) --- Last updated: 2026-08-11T02:43:31.692Z Canonical page: https://altss.com/profile/louis-greenspan-charitable-trust Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology