# Leon and Toby Cooperman Family Foundation

Leon and Toby Cooperman Family Foundation is an Endowment / Foundation based in Boca Raton, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Boca Raton, United States
- **Region:** North America
- **Address:** 7118 Melrose Castle Ln, Boca Raton, FL 33496, United States
- **Founded:** 1981
- **Assets under management:** 410 (Altss estimate)

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Education
- Health
- Arts

## People

- Leon G. Cooperman — Founder and Chairman
- Toby Cooperman — Co-founder and Trustee

## Questions

### Who runs investment decisions at the Leon and Toby Cooperman Family Foundation?

Leon G. Cooperman directs decisions. Omega Advisors serves as the investment advisor under a contract that has run since 1991.

### Does the foundation participate in fund commitments or only direct deals?

The foundation makes direct grants and holds select public equities. It does not commit to external funds.

### What investment stages does the foundation target?

The foundation does not target venture or growth stages. Its public positions reflect legacy holdings from Omega Advisors.

### How is the foundation related to Omega Advisors?

Omega Advisors acts as the foundation's investment advisor. Leon G. Cooperman owns both entities.

### Which sectors does the foundation explicitly support?

Grants focus on education, health organizations, medical research, arts, human services, and Jewish causes.

## Related profiles

- [Compass Financial Family Office](https://altss.com/profile/compass-financial-family-office)
- [Traust Sollus Wealth Management](https://altss.com/profile/traust-sollus-wealth-management)

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

Canonical page: https://altss.com/profile/the-leon-and-toby-cooperman-family-foundation

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