# The JPB Foundation

The JPB Foundation is an Endowment / Foundation based in New York, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** 875 Third Avenue, 29th Floor, New York, NY 10022
- **Founded:** 2011
- **Assets under management:** Undisclosed
- **Website:** jpbfoundation.org
- **LinkedIn:** https://www.linkedin.com/company/freedom-together-foundation

## Regulatory record

- **Reports private funds:** No

## About

The JPB Foundation was created in 2011 by Barbara Picower using capital from her late husband Jeffry M. Picower's investment activities. Its initial mandate covered poverty reduction, environmental protection, and biomedical research. The foundation has since expanded its scope to include democracy and community power-building initiatives. Grant deployment spans public equities, real estate funds, and venture capital. Confirmed holdings include positions in the Invesco S&P 500 Equal Weight ETF, SPDR S&P 500 ETF Trust and General Atlantic 2020 Fund. The foundation also maintains exposure to Blackstone Real Estate Fund and Walton Street Real Estate Fund VIII LP. Activity is concentrated in the United States with additional international equity and debt allocations. The organization lists five investment advisors and legal counsel. It participates in The Funders Network, P150, and the Impact-Driven Philanthropy Collaborative. No operational events from the last 24 months appear in available records. Governance centers on a small board with Barbara Picower as chair and Deepak Bhargava as president. Investment decisions route through CIO Gerald McNamara with support from external advisors at Rockefeller Philanthropy Advisors and Arabella Advisors.

## Sectors

- Philanthropy
- Climate
- Healthcare

## People

- Barbara Picower — Founder, President Emerita, and Board Chair
- Deepak Bhargava — President
- Gerald McNamara — Chief Investment Officer
- William Zabel — Trustee

## Questions

### Who runs investment decisions at The JPB Foundation?

Gerald McNamara serves as Chief Investment Officer. External advisors at Rockefeller Philanthropy Advisors and Arabella Advisors provide additional support.

### Does The JPB Foundation participate in fund commitments or only direct deals?

The foundation acts as a limited partner in multiple venture and private equity funds while also holding direct real estate fund interests.

### What investment stages does The JPB Foundation typically target?

The foundation allocates across public equities, real estate private equity, and venture capital funds without a single-stage focus.

### How is The JPB Foundation related to Freedom Together Foundation?

The JPB Foundation rebranded as the Freedom Together Foundation while retaining its original grant priorities in reproductive health, medical research, and community support.

## Related profiles

- [Texas University Fund (TUF)](https://altss.com/profile/texas-university-fund-tuf)
- [WP Global Partners](https://altss.com/profile/wp-global-partners)

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Last updated: 2026-06-03T20:00:00.000Z

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