Michael Recanati

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

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)

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. The IDC Herzliyan Winter 2016 Update
  2. Nassie, Jonathan (November 7, 1996). ""Bloomberg": Rafael Recanati Dismissed Son from Family Shipping Co Management". Globes. Retrieved March 12, 2016.
  3. 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. https://nyulangone.org/press-releases/internationally-renowned-researcher-from-nyu-langone-medical-center-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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