Q: Why has The Blackstone Charitable Foundation chosen entrepreneurship as its primary area for support?
A: The Foundation was created in 2007 by employees of The Blackstone Group to support communities around the world, particularly in areas where we live and work. When the global economic crisis hit, we determined we would have the greatest impact by applying our resources and expertise to programs that aim to stimulate the economy and create jobs. Influenced by the enterprising heritage of the firm and its founders, The Blackstone Charitable Foundation has pledged $50 million to fostering entrepreneurship around the world. (more...)