# The Klarman Family Foundation

The Klarman Family Foundation is an Endowment / Foundation based in Boston, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Boston, United States
- **Region:** North America
- **Address:** P.O. Box 171627, Boston, MA, United States
- **Founded:** 1990
- **Assets under management:** 782 (Altss estimate)
- **Website:** klarmanfoundation.org

## Regulatory record

- **Reports private funds:** No

## About

Seth Klarman founded Baupost Group and co-established the foundation with Beth Klarman. The entity began grantmaking in 1990 and lists its address in Boston. The foundation allocates across private equity, venture capital, and real assets. Confirmed holdings include FIMI Opportunity Funds in Israel plus Breakthrough Energy Ventures II in the United States. It also holds a position in Foghorn Therapeutics reported at 3.9 percent ownership. Geographic reach covers the United States and Israel through both direct holdings and grant programs. Assets total $782 million. David Berkowitz has served as Chief Investment Officer since 2019. The foundation maintains memberships in the Council on Foundations and Jewish Funders Network. In May 2024 it sponsored Building Together 2024 in Atlanta. The foundation operates as a grantmaking vehicle tied directly to the Klarman family rather than an external manager. Seth Klarman serves as trustee while continuing to run Baupost, creating an integrated structure between the hedge fund and philanthropic deployment.

## Sectors

- Philanthropy
- Healthcare
- Education

## People

- Seth Klarman — Founder and Trustee
- Beth Klarman — President and Trustee

## Questions

### Who runs investment decisions at The Klarman Family Foundation?

David Berkowitz serves as Chief Investment Officer since 2019. Seth Klarman remains a trustee with oversight tied to his role at Baupost Group.

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

The foundation holds limited partnership interests in multiple venture and private equity funds including Sequoia Capital, Pitango Venture Capital, and Breakthrough Energy Ventures II.

### What investment stages does The Klarman Family Foundation typically target?

Holdings span early-stage venture through buyout and special situations strategies across listed private equity and venture commitments.

### How is The Klarman Family Foundation related to The Baupost Group?

Seth Klarman founded and leads Baupost Group. Foundation assets have been invested in Baupost funds alongside external managers.

### What is The Klarman Family Foundation's known posture on co-investments alongside external GPs?

The foundation acts as a limited partner in multiple external funds and maintains direct ownership in operating companies such as Imagry and Reflow Medical.

## Related profiles

- [Cedars-Sinai Medical Center (Defined Contribution)](https://altss.com/profile/cedars-sinai-medical-center-defined-contribution)
- [Accurate Wealth Management](https://altss.com/profile/accurate-wealth-management-awm)

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

Canonical page: https://altss.com/profile/the-klarman-family-foundation

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology