Michael Recanati

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Michael Recanati
BornJune 21, 1957
DiedJuly 12, 2015 (2015-07-13) (aged 58)
NationalityAmerican Israeli
OccupationBusinessman, philanthropist
Partner(s)Tom Schalk[1]
Children1
Parent(s)
RelativesLeon Yehuda Recanati (paternal grandfather)
Leon Recanati (first cousin) Avraham Rakanti (Great uncle)

Michael Recanati (1957–2015) was an American businessman and philanthropist.

Early life[]

Michael Recanati was born in 1957.[2] His father, Raphael Recanati was an Israeli-American businessman and philanthropist.[2][1] Recanati was educated at Ramaz School in Manhattan, New York City.[3]

Career[]

Recanati started his career at his family business, the Overseas Shipholding Group, in 1978.[2] He was forced to leave OSG in 1995 after a dispute about the company's investments in cruise ships.[2]

Recanati founded Orama, a venture capital firm based in New York City and Tel Aviv, Israel, in 1999.[4] It closed down in 2001.[5] In 2008, Recanati founded Really Cool Foods, an organic food company.[6] It closed down in 2011.[7]

Recanati served as the chairman of 511 Equities.[8]

Philanthropy[]

Recanati endowed the Dina and Raphael Recanati Professorship in Immunology at the Harvard Medical School in honor of his parents in 1992. Dr Jerome Groopman is the current chair.[9] He also endowed the Recanati Family Professor of Science and professor of Microbiology and Medicine at the Skirball Institute of Biomolecular Medicine at New York University[10]

In 2002, Recanati and his partner Ira Statfeld made a $5 million donation to the then Hampton Day School,[11][12] taking control of the board of trustees and changing the name of the school to the Morriss Center in honor of Statfeld's father,[13] however the school merged with the Ross School in 2006.[14] In 2007, it was reported that Recanati and his partner had donated $30 million to the Child Study Center at New York University to establish an Asperger's Institute.[3]

Personal life[]

Recanati and his partner Ira Statfeld had one son.[3] They resided in Manhattan and East Hampton, New York.[15]

His partner at time of death was Tom Schalk.[1]

References[]

  1. ^ a b c The IDC Herzliyan Winter 2016 Update
  2. ^ a b c d Nassie, Jonathan (November 7, 1996). ""Bloomberg": Rafael Recanati Dismissed Son from Family Shipping Co Management". Globes. Retrieved March 12, 2016.
  3. ^ a b c Hughes, Robert J. (April 20, 2007). "Bridging the Rural Charity Gap". The Wall Street Journal. Retrieved March 12, 2016.
  4. ^ "Company Overview of Orama Ltd". Bloomberg Business. Retrieved March 13, 2016.
  5. ^ Shalev, Shai (November 18, 2001). "IDB closing down Orama Partners". Globes. Retrieved March 13, 2016.
  6. ^ McMorris, Bill (August 15, 2012). "Michael Recanati: The Anti-Midas Touch". Washington Free Beacon. Retrieved March 12, 2016.
  7. ^ "Indiana's Really Cool Foods closes doors". BusinessWeek. November 28, 2011. Retrieved March 13, 2016.
  8. ^ "Company Overview of PEC Israel Economic Corp.: Michael Recanati". Bloomberg Business. Retrieved March 13, 2016.
  9. ^ Maluf, Nell M. (February 19, 1992). "Chair Endowed for AIDS Scientist". The Crimson. Retrieved March 12, 2016.
  10. ^ "Internationally Renowned Researcher from NYU Langone Elected to the National Academy of Sciences".
  11. ^ Angel, Amanda (June 8, 2006). "MERGER: When School Lets Out, It's Over". The East Hampton Star. Retrieved December 24, 2017.
  12. ^ "Hamptons High: Private School is Taken Over". New York Observer. January 6, 2003. Retrieved December 24, 2017.
  13. ^ Rosenbaum, Susan (June 19, 2003). "A New Era Dawns At Hampton Day School". The East Hampton Star. Retrieved December 24, 2017.
  14. ^ Anegl, Amanda (January 12, 2006). "Ross School, Morriss Center to Consolidate to teach tots to teens on two campuses next year". The East Hampton Star. Retrieved December 24, 2017.
  15. ^ Beller, Peter C. (June 6, 2005). "Roosterban in Chickenhampton: Late-sleeping summer people do battle with the fowl-loving locals". New York Magazine. Retrieved March 12, 2016.
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