Joseph and Stephanie Koret
It all began with sportswear. Established in 1979, the Koret Foundation was seeded with the estates of Joseph and Stephanie Koret, whose Koret of California sportswear line was a leader in ladies’ coordinated fashion. Today the Foundation has grown into a substantial Bay Area philanthropy with assets of more than $500 million.
Joseph Koret was the foundation’s founder and first chairman—a position he held until his death in 1982, when his portion of his substantial estate flowed to the foundation, and his wife, Susan, became board chair. Over the years, the Foundation’s priorities have evolved along with the landscape of the Bay Area. Today, Koret’s primary focus areas include connecting and strengthening the Jewish community and supporting Bay Area anchor institutions.
Since 1979, the Koret Foundation has invested hundreds of millions of dollars in strengthening the communities of the Bay Area, Israel, and, most recently, Poland. Its cumulative philanthropic investment is currently approaching $500 million.
CONTINUING THE LEGACY
Since its founding, the Koret Foundation has invested more than $500 million in local and Jewish communities.