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The Morton K. & Jane Blaustein Foundation
The Morton K. & Jane Blaustein Foundation was established by Morton K. Blaustein and his wife Jane Blaustein.
The Morton K. & Jane Blaustein Foundation
The Morton K. & Jane Blaustein Foundation was established by Morton K. Blaustein and his wife Jane Blaustein. Morton Blaustein was a scion of the family that founded American Oil Company (Amoco) in 1910, building one of Maryland's wealthiest dynasties. The foundation is now led by family trustees including Jeanne P. Blaustein (President), Susan M. Blaustein (Vice President), Peter E. Bokor (Vice President), and Alan Berlow (Vice President). The foundation describes its investment strategy as venture capital across general sectors, though specific asset-class allocations are not publicly detailed. It holds real estate through the Blaustein Building at 10 East Baltimore Street. The foundation operates within the Blaustein Philanthropic Group alongside the Jacob and Hilda Blaustein Foundation, allowing coordinated philanthropic and investment activity across related entities. Geographic focus centers on Baltimore and New York, reflected in memberships with the Maryland Philanthropy Network and Philanthropy New York. Team size and total deployment figures are not disclosed. The foundation's professional network memberships — Maryland Philanthropy Network and Philanthropy New York — connect it to regional grantmaking communities. No recent public operational events have been reported beyond routine grantmaking. The foundation's structural differentiator lies in its status as a venture-capital-oriented private foundation within a multi-entity family philanthropic group. Unlike many foundations that separate grantmaking from investing, the Blaustein Foundation explicitly frames its strategy as venture capital, suggesting an integrated approach where grants and program-related investments may function as catalytic capital for social enterprises or early-stage ventures.
General information
Firm type
Private Foundation
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Baltimore
Corporate office
Baltimore, MD, United States
Principals
Jeanne P. Blaustein
Trustee and President
Susan M. Blaustein
Trustee and Vice President
Peter E. Bokor
Trustee and Vice President
Alan Berlow
Trustee and Vice President
Sector focus
Frequently asked questions
Who runs investment decisions at The Morton K. & Jane Blaustein Foundation?
Investment decisions are made by a board of family trustees: Jeanne P. Blaustein (President), Susan M. Blaustein (Vice President), Peter E. Bokor (Vice President), and Alan Berlow (Vice President). Specific investment personnel beyond the trustee board are not publicly identified.
How is the Blaustein Foundation related to the Jacob and Hilda Blaustein Foundation?
Both are part of the Blaustein Philanthropic Group, a network of related family foundations based in Baltimore. The Morton K. & Jane Blaustein Foundation and the Jacob and Hilda Blaustein Foundation share family principals and likely coordinate philanthropic and investment activity, though each maintains separate governance.
Does the foundation make direct investments or only grants?
The foundation describes its strategy as venture capital, suggesting it makes program-related investments or direct equity investments in addition to traditional grants. The specific vehicle for investments — whether through SPVs, direct holdings, or fund commitments — is not publicly documented.
What is the wealth origin of the Blaustein family?
The Blaustein family built its fortune through the American Oil Company (Amoco), founded in 1910 by Louis Blaustein and his son Jacob Blaustein. Morton K. Blaustein was a grandson of Louis. The family's estimated net worth has been reported in general press, though no current figure is confirmed for the foundation's corpus.
Does the Blaustein Foundation participate in co-investments or club deals?
There is no public evidence of the foundation participating in co-investments alongside external GPs or forming club deals. Its known investment activity centers on real estate (the Blaustein Building) and venture capital, but specific co-investment partners or structures are not disclosed.
What real estate does the foundation own?
The foundation holds the Blaustein Building at 10 East Baltimore Street in downtown Baltimore, Maryland. This property serves as a physical asset and likely generates rental income. No other real estate holdings are publicly confirmed.
Where does the foundation invest geographically?
The foundation's geographic footprint centers on Baltimore, its home city, and New York, based on its memberships with the Maryland Philanthropy Network and Philanthropy New York. Specific portfolio company locations are not disclosed.
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