The Starr Foundation was established in 1955 by Cornelius Vander Starr, an entrepreneur who founded C.V. Starr Co. and other companies, some of which were combined under the leadership of Maurice R. Greenberg, Mr. Starr’s successor, to become American International Group, Inc. (AIG). Mr. Starr, a pioneer of globalization, set up his first insurance venture in Shanghai in 1919. He died in 1968 at the age of 76, leaving his estate to the Foundation.
Mr. Starr’s wish was that his partners continue to run his foundation after his death. Mr. Greenberg serves as Chairman of The Starr Foundation and Starr International Foundation (Switzerland). Under Mr. Greenberg’s leadership, the assets of The Starr Foundation have grown from a few million dollars after Mr. Starr’s death to more than $1.5 billion today, making it one of the largest private foundations in the United States.