NET WORTH: Unknown
SOURCE OF WEALTH: Baupost Group
FUNDING AREAS: Youth Development, Health Equity, Education, Arts, Environment, Global
OVERVIEW: Herbert Wagner and his wife Charlotte conduct their philanthropy through the Wagner Foundation. Grantmaking initially focused on education and human service organizations based in the Boston area. The foundation's attention has since expanded nationally and internationally with an eye towards social justice.
BACKGROUND: Herbert S. Wagner III spent 13 years at Baupost Group, becoming portfolio manager of the Boston-based firm. Wagner founded Finepoint Capital LP, which he runs.
EDUCATION & YOUTH: The Wagners have given especially strong support lately to Year Up Boston and Campaign for Catholic Schools, where Wagner serves as a trustee. Campaign for Catholic Schools describes itself as a "grassroots nonprofit dedicated to raising the significant private philanthropic support needed to rebuild Catholic schools in Greater Boston and keep them strong for generations to come." Other grantees have included Boys and Girls Clubs of Boston, where Wagner serves as a director, Inner City Scholarship Fund, Buckingham Browne and Nichols School, Codman Academy Foundation, Wheelock College, and Summer Search Boston, which helps "low-income teenagers transform what they believe is possible for themselves and develop the skills they need to become college-educated leaders who give back to their families and communities."
ARTS & CULTURE: Wagner and Charlotte have given steady support to Institute of Contemporary Art Boston. Other grantees have included Cambridge Historical Society and Museum of Science. The foundation is particularly interested in the idea of "art as catalyst" and supporting " individuals and communities exploring creative ideas that challenge convention."
HEALTH & HUMAN SERVICES: The Wagners have supported places like Mt. Auburn Hospital, Children's Hospital Boston, Jimmy Fund, and Full Frame Initiative, which "works to change systems so that people and communities experiencing poverty, violence and trauma have the tools, supports and resources they need to thrive."
BOSTON COMMUNITY: The family's giving also targets local organizations in Boston that deal with the environment and civic space. Another important grantee is The Red Sox Foundation. Charlotte Wagner is on the board of the foundation.
GLOBAL: While much of the family's philanthropy impacts the Boston area, the Wagners also earmark funds for organizations that work on a global level. They have shown support for outfits like Partners in Health, which provides "research, advocacy and publications related to health, worldwide," child welfare agency Wide Horizons For Children, and Root Capital, which invests in agricultural businesses in Africa and Latin America.
LOOKING FORWARD: Expect the Wagners' steady philanthropy in their interest areas to continue.
The Wagner Foundation reviews proposals by invitation only
500 Boylston Street, 24th Floor
Boston, Massachussetts 02116