The Blackstone Charitable Foundation was founded at the time of The Blackstone Group’s initial public offering in 2007 with substantial commitments from the firm’s employees.

Influenced by the enterprising heritage of the firm and its founders, The Blackstone Charitable Foundation is directing most of its resources and deploying the firm’s expertise to foster entrepreneurship around the world. Through its investments across several asset classes and geographies, Blackstone has a unique perspective on the global economy and a heightened understanding of how entrepreneurial activity is often the crucial catalyst in the growth of successful businesses, industries and communities.

In 2010, the Foundation announced The Blackstone Entrepreneurship Initiative a $50 million five-year commitment to support innovative programs that foster entrepreneurship and, in turn, the high-growth businesses and industries that are most known to spark economic growth. The Initiative will focus efforts on producing enduring results in geographies hardest hit by the global economic crisis.

In addition to its primary focus on entrepreneurship, the Foundation makes grants to other organizations that support the communities where we live and work, including those in which Blackstone’s employees, clients and investors are personally engaged.