NET WORTH: Unknown
SOURCE OF WEALTH: Promontory Financial Group, Bankers Trust/Deutsche Bank
FUNDING AREAS: Medical Research, Education, Opportunity, Arts
OVERVIEW: Eugene and Carol Ludwig conduct philanthropy through the Ludwig Family Foundation (LFF), which focuses primarily on medical research, education and access to opportunity for low and moderate income families.
BACKGROUND: Born in Brooklyn, Eugene A. Ludwig graduated from Haverford College with his B.A. in 1968, his M.A. from Oxford University in 1970, and received his J.D. from Yale University in 1973. He was a partner at the law firm of Covington & Burling. From 1993 to 1998, he headed the U.S. Office of the Comptroller of the Currency. Ludwig was later vice chairman of Bankers Trust/Deutsche Bank and went on to found Promontory Financial Group, an IBM Company.
Carol Ludwig graduated from Bryn Mawr College in 1969 and received her M.D. from Columbia University in 1974. She is a long-standing neuropathology specialist in Washington D.C.
ISSUES:
MEDICAL RESEARCH: The couple support Johns Hopkins Medicine, home to the Ludwig Family Department of Medicine Physician-Scientists. Other medical work takes place at Columbia University’s Vagelos College of Physicians and Surgeons, towards research in neurological disease, focusing on Alzheimer’s disease and traumatic brain injury. Carol also created, in honor of her parents, the Sara and Arnold P. Friedman Awards program, which provides funding to allow students to pursue projects abroad and to travel to meetings to present their work. Carol’s father was a prominent neurologist and international authority on migraine headaches. The Ludwigs also support Harvard Medical School’s Neurobiology Graduate Fellowship Fund, Dana-Farber Cancer Institute, Cystic Fibrosis Foundation, and Children’s Health Fund.
EDUCATION: The Ludwigs have directed millions to National Academy Foundation (NAF), the site of the Carol and Gene Ludwig Alumni Scholars Program. Ludwig is a longtime board member of NAF. The couple also support schools with which they have a personal connection including Franklin & Marshall College, where they are parents; Yale Law School, home to the Eugene and Carol Ludwig Center for Community & Economic Development; Oxford University; and Haverford College. Other grantees have included Advocates for Children of New York.
The Ludwig Family Foundation is also involved with the KIPP Foundation and KIPP DC. They created the KIPP National Ludwig College Persistence Fund, a microgrant program in select communities to help KIPP alumni persist through college.
OPPORTUNITY: The Ludwig Family Foundation supports access to opportunity for low and moderate income families. They’ve supported organizations like So Others Might Eat, and Homeless Children's Playtime Project.
ARTS: A component of giving includes supports of the arts. Grantees have included Philharmonic-Symphony Society of New York, Paul Taylor Dance Foundation, Alvin Ailey American Dance Theater, and National Gallery of Art.
LOOKING FORWARD: Ludwig has been one of the highest-paid executives in recent years. Expect steady giving to continue to track with established interest areas.
CONTACT:
The Ludwig Family Foundation does not provide a clear avenue for getting in touch with the couple, but below is an address:
The Ludwig Family Foundation
1300 17th Street N No 750
Arlington, VA 22209
(571) 777-9360