Matthew and Lori Sidman
/SOURCE OF WEALTH: Highfields Capital Management; Three Bays Capital
FUNDING AREAS: Health & Human Services, Jewish Causes, Education & Youth, Boston Community
OVERVIEW: Matthew Sidman and family conduct their philanthropy through the Sidman Family Foundation. Available tax filings indicate that the foundation awarded $1.1 million in grants in 2017. The family's giving centers around the Boston area, where multigenerational forces play a role. The Sidmans tend to support local hospitals in their health philanthropy. Supporting Jewish organizations is another interest, and the Sidman family has been active in the local Jewish community for decades.
BACKGROUND: Matthew K. Sidman holds a B.A. from Duke University, and an MBA from Wharton. Sidman was an investment banker in Merrill Lynch's real estate department before joining Highfields Capital, where he worked for more than a decade. Sidman set up his own hedge fund, Three Bays Capital, in Boston.
ISSUES:
HEALTH & HUMAN SERVICES: Sidman and family have supported outfits like Beth Israel Deaconess Medical Center, Brigham and Women's Hospital, Massachusetts Eye and Ear Infirmary, Jimmy Fund, Breast Cancer Research Foundation, and Children's Hospital Trust, which has received particularly large sums recently.
JEWISH CAUSES: Sidman's father, the late Edwin Sidman, and his mother Paula were active in the Boston Jewish community. One of Edwin's interests was helping Ethiopian and Soviet Jews immigrate to the United States and Israel. The Leventhal-Sidman JCC in the Boston area bears his name. The Sidmans continue to support the JCC of Greater Boston (Sidman's wife Lori chairs the governing board), as well as the JCC of Greater Palm Beach. Other grantees have included American Jewish Committee, David Project, Friends of Israel Defense Forces, and Combined Jewish Philanthropies of Greater Boston, where Edwin once served as chair.
EDUCATION & YOUTH: Sidman and his sister Hope both graduated from Duke University, which the family supports. They have also supported groups like Boys & Girls Club of Boston, Jump Start, Cradles to Crayons, Neighborhood House Charter School, and Buckingham Browne & Nichols School.
BOSTON COMMUNITY: Paula Sidman's father, Norman Leventhal, was active with the United Way of Massachusetts Bay and Merrimack Valley, which the Sidmans have supported through their foundation. The family has also supported local arts and culture in Boston, including the Norman B. Leventhal Map Center at the Boston Public Library. They have also directed funds to Esplanade Association, which works to "revitalize, enhance and preserve the Charles River Esplanade for the enjoyment of everyone."
LOOKING FORWARD: Sidman is only in his 40s and still very much engaged in business. Perhaps more money will move out of the door in the coming years.
CONTACT:
The Sidman Family Foundation does not provide a clear avenue for getting in touch with the family, but below is an address:
The Sidman Family Foundation, Inc.
121 High Street, 3rd Fl.
Boston, MA 02110
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