Michael Recanati Explained

Michael Recanati
Birth Date:June 21, 1957
Nationality:American Israeli
Occupation:Businessman, philanthropist
Partner:Tom Schalk[1]
Children:1
Father:Raphael Recanati
Relatives:Leon 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.

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.[3] It closed down in 2001.[4] In 2008, Recanati founded Really Cool Foods, an organic food company. It closed down in 2011.[5]

Recanati served as the chairman of 511 Equities.[6]

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.[7] 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[8]

In 2002, Recanati and his partner Ira Statfeld made a $5 million donation to the then Hampton Day School,[9] [10] taking control of the board of trustees and changing the name of the school to the Morriss Center in honor of Statfeld's father,[11] however the school merged with the Ross School in 2006.[12] 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.[13]

Personal life

Recanati and his partner Ira Statfeld had one son.[13] They resided in Manhattan and East Hampton, New York.[14]

His partner at time of death was Tom Schalk.[15]

Notes and References

  1. http://portal.idc.ac.il/he/main/about_idc/idc_friends/documents/idc-herzliyan-winter-2016.pdf The IDC Herzliyan Winter 2016 Update
  2. News: Nassie. Jonathan. "Bloomberg": Rafael Recanati Dismissed Son from Family Shipping Co Management. March 12, 2016. Globes. November 7, 1996.
  3. Web site: Company Overview of Orama Ltd. Bloomberg Business. March 13, 2016.
  4. News: Shalev. Shai. IDB closing down Orama Partners. March 13, 2016. Globes. November 18, 2001.
  5. News: Indiana's Really Cool Foods closes doors. https://web.archive.org/web/20111202001307/http://www.businessweek.com/ap/financialnews/D9RA0QMO1.htm. dead. December 2, 2011. March 13, 2016. BusinessWeek. November 28, 2011.
  6. Web site: Company Overview of PEC Israel Economic Corp.: Michael Recanati. Bloomberg Business. March 13, 2016.
  7. News: Maluf. Nell M.. Chair Endowed for AIDS Scientist. March 12, 2016. The Crimson. February 19, 1992.
  8. Web site: Internationally Renowned Researcher from NYU Langone Elected to the National Academy of Sciences.
  9. Web site: MERGER: When School Lets Out, It's Over. Amanda. Angel. June 8, 2006. December 24, 2017. The East Hampton Star.
  10. Web site: Hamptons High: Private School is Taken Over. New York Observer. January 6, 2003. December 24, 2017.
  11. Web site: A New Era Dawns At Hampton Day School. Susan. Rosenbaum. The East Hampton Star. June 19, 2003. December 24, 2017.
  12. Web site: The East Hampton Star. Amanda. Anegl. Ross School, Morriss Center to Consolidate to teach tots to teens on two campuses next year. January 12, 2006. December 24, 2017.
  13. News: Hughes. Robert J.. Bridging the Rural Charity Gap. March 12, 2016. The Wall Street Journal. April 20, 2007.
  14. News: Beller. Peter C.. Roosterban in Chickenhampton: Late-sleeping summer people do battle with the fowl-loving locals.. March 12, 2016. New York Magazine. June 6, 2005.
  15. http://portal.idc.ac.il/he/main/about_idc/idc_friends/documents/idc-herzliyan-winter-2016.pdf The IDC Herzliyan Winter 2016 Update