![]() ![]() “But as far as what you’ve seen in the last few years, I think it is accurate to say ” “We’ll only know that in the future, and it’s not to say that Julia couldn’t reinvigorate it, start something on her own, or do something herself,” said Elizabeth Dale, a professor at Seattle University and expert on women’s philanthropy. As of the foundation’s most recent filing, it had just $7.1 million in the bank.Īccording to an expert, this could be a signal that the foundation plans to cease operations at some point. The fund has not received any additional revenue since David’s death, and its value has been steadily decreasing from a high of more than $95 million at the end of 2009. Julia Koch is now listed on tax documents as the foundation’s director, president, secretary and treasurer. The foundation appears to have dispensed with its secretary and treasurer in 2018. Koch also appears to have made two other outside donations during this time: between $100,000 and $249,000 to St John's Bread and Life in 2020 and an undisclosed amount to the LSA Family Health Service in 2019, according to the organizations’ annual reports. In 2021, the last year for which documents are available, the foundation donated a total of $1 million to Columbia University, according to filings first obtained by Koch Docs. It also made no donations in 2019, the year her husband died, and donated just $2 million in 2020-half of which went to Duke University, where the couple’s eldest son attended college. Koch Foundation made no donations at all. The records show that in 2018, however-the first year Julia Koch was at the helm-the David H. Her Wikipedia page describes her as a “socialite and philanthropist.” Koch Foundation the philanthropy page touts her previous donations to NYU Langone and the Lucile Packard Children’s Hospital at Stanford. ![]() Her bio lists her as a board member of Koch Industries, Memorial Sloan Kettering Cancer Center, and president of the David H. Koch promotes herself as a philanthropist on her personal website, which contains a short bio, a list of her philanthropy, news about the foundation, and a link to the foundation’s website. Between the foundation and their publicized personal donations, the couple donated an average of about $63 million per year between 20, with only one or two years in which they donated less than $10 million. He donated another $100 million to New York-Presbyterian Hospital in 2013-the largest donation it had ever received. In 2007, Koch donated $100 million to MIT for cancer research in 2008 he pledged $100 million toward the renovation of the New York State Theater at Lincoln Center. While her husband was alive, the couple gave widely and publicly-to Koch and his brother’s dark-money political group, as well as major hospitals and arts organizations. Last year, Forbes named his widow the richest woman in the country, with an estimated fortune of $56 billion. By the time he died in 2019, following health struggles, he had amassed a net worth of approximately $42.2 billion-all of which he passed on to his wife and children. When David Koch married socialite Julia Flesher in the Hamptons in 1996, he was well on his way to becoming one of the richest men in the country thanks to his role at Koch Industries, the massive manufacturing company founded by his father and co-run by his brother, Charles. It is possible that Koch donated anonymously, through an LLC, or through a donor-advised fund, though experts say gifts of more than $1 million are usually reported in the media, either by the donor or recipient. A representative declined to comment for this article or to confirm this accounting of Koch’s contributions. Koch Foundation’s IRS 990 forms and a search of news articles, annual reports, and other public records. The details of Julia Koch’s donations are based on the David H. ![]() In the last two years, Julia Koch has purchased three new homes worth more than $170 million and embarked on a renovation of her existing $40 million townhouse. It does not appear the spending slowdown is the result of a cash crunch. The foundation is slowly working through its dwindling funds, which experts say could signal a planned wind-down. Koch Foundation-founded by the manufacturing titan and now helmed by his wife, the richest woman in America-appears to have gotten rid of its staff and has not received any new funding since Koch’s death. Since David’s death in 2019, however, his widow appears to have sharply slowed her public giving-donating less than $4 million between 20, the last year for which records are available. Billionaires David and Julia Koch were best known as dark-money mega-donors to conservative causes and candidates, but they also gave tens of millions of dollars to charity each year. ![]()
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