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Stephen Mandel Jr

American hedge fund manager

ConnecticutFinance

AIProfile Summary

Stephen Mandel Jr. is an American hedge fund manager based in Connecticut, born in 1956, with an estimated net worth of ~$2.8B Wikidata. He built his wealth in finance and is identified in the data as a hedge fund manager Wikidata.

Business & SEC Activity

The available data identifies Mandel as a hedge fund manager, but it does not provide details on specific firms, holdings, or transactions Wikidata. Recent news items reference changes in positions in Booking Holdings and Boston Scientific, but the article bodies provided do not include enough detail to summarize beyond those headlines NewsAPI.

Philanthropy

The Mandel Foundation filed a 2024 Form 990 showing $961,914 in total assets, $117,327 in revenue, $70,320 in expenses, and $55,620 in grants paid ProPublica 990. A Form 990 is the annual tax return that private foundations and charities file with the IRS; it reports finances, assets, and grants. Earlier foundation records in the data show two other Mandel-related foundations with $0 grants paid and minimal reported assets ProPublica 990.

Political Activity

From 2024-03-27 to 2025-12-30, Mandel made 100 FEC-recorded contributions totaling $13,768,872.23 FEC. The largest recipients listed were SMP ($4.5M), HMP ($3.05M), FF PAC ($2.5M), MD PAC ($1.75M), and the DNC Services Corp / Democratic National Committee ($612,300), with $1,183,900 going to Democratic recipients and $12,584,972.23 to PACs/other FEC.

In the News

Recent articles in the data report that the Mandel Foundation gifted $125 million to Case Western Reserve University NewsAPI. Other headlines mention Mandel trimming a position in Booking Holdings and opening a new position in Boston Scientific, but no additional article text was provided NewsAPI.

AI-generated summary from fec, wikidata, gdelt, propublica_990 6/27/2026 (gpt-5.4-mini). All claims are derived from the source data shown below.

USU.S. Presence

otherU.S. economic presence

990Philanthropy

$962KFoundation Assets
$56KGrants Paid
3Foundations
Mandel FoundationPalm Bch Gdns, FL
Assets: $962KRevenue: $117KGrants: $56KTax Year: 2024
Mission, purpose & full 990 filings → ProPublica Nonprofit Explorer
Mandel FoundationCleveland, OH
Assets: $1Revenue: $1Grants: $0Tax Year: 2015
Mission, purpose & full 990 filings → ProPublica Nonprofit Explorer
Mandel Family FoundationLawrence, NY
Private grantmaking foundation (IRS NTEE T20)
Assets: $1Revenue: $1Grants: $0Tax Year: 2019
Mission, purpose & full 990 filings → ProPublica Nonprofit Explorer
Source: ProPublica (990) annual filing · latest on record (retrieved 3/9/2026) (proPublica_990)

FECPolitical Contributions

$13.8MTotal Contributed
100Contributions
2024–2025Date Range

By Party

PAC/Other
$12.6M
DEM
$1.2M

Top Recipients

SMP$4.5M
HMP$3.0M
FF PAC$2.5M
MD PAC$1.8M
DNC SERVICES CORP / DEMOCRATIC NATIONAL COMMITTEE$612K
Source: FEC contribution filings · latest on record (retrieved 3/10/2026) (fec)

PBSScore Breakdown

C
31.2
Public Benefit Score

The PBS is a weighted average of 2 components. The formula is open and versioned — the weight percentages below show how much each component contributes to the final score.

Philanthropy65% weight
1%

Evidenced charitable giving — built on what they actually give each year, not parked assets. Dominated by generosity (annual giving relative to net worth — the share of your fortune you give), plus the absolute scale of that giving, plus a small nudge for signing the Giving Pledge (a commitment, not a realized action).

Data: ProPublica 990 charitable disbursements, net worth, The Giving Pledge registry

Transparency35% weight
88%

How much sourced, public accountability data exists — net worth, political contributions, SEC filings, foundation 990s, news coverage, and a verified profile. More public disclosure scores higher.

Data: FEC, SEC EDGAR, ProPublica 990s, GDELT / NewsAPI, Wikidata

Formula (v2): PBS = 65% x Philanthropy + 35% x Transparency

Scored on 6/23/2026 on a 0–100 scale. The score uses only the signals we have populated data for. Goal Impact, Controversy, and Community Approval are deferred until that data exists — Phase 1 goal adoption, controversy detection, and community votes respectively.

All data is sourced from public records. Each section links to its original source. View on Wikidata

Stephen Mandel Jr — Public Benefit Score C (31) | Billionaire Army