Leon and Toby Cooperman Family Foundation

Leon and Toby Cooperman Family Foundation

Leon G. Cooperman and his wife Toby established the foundation in 1981. Cooperman created the vehicle after founding Omega Advisors, the hedge fund he chaired until its wind-down. The couple signed The Giving Pledge in 2010. The foundation deploys capital through direct grants and scholarship programs rather than fund commitments. Asset classes include public equities held via Omega positions and limited private holdings such as Ligado Networks. Confirmed positions include Rocket Companies, Manchester United, and Postmedia Network Canada. Activity centers on the United States with emphasis on New Jersey and Florida. The Cooperman College Scholars Fund, launched in 2015, partners with Rutgers and Rowan universities. Assets total $410 million. The foundation maintains a Boca Raton headquarters and lists six family residences and vehicles among holdings. Leon Cooperman spoke at the CSIMA Conference in January 2024 on value investing. Adjacent vehicles include the Cooperman College Scholars Fund and membership in Portfolios with Purpose. The foundation operates under a single-family mandate with investment decisions routed through Omega Advisors as the named service provider. This arrangement keeps governance inside the Cooperman family and separates philanthropic distributions from the family's remaining public-market book.