Philanthropy and Service
In 1989, Wexner and his mother Bella were the first to make a $1 million personal donation to the United Way. Both their names were inscribed in marble, and are on display in the lobby of the United Way HeadQuarters in Alexandria, Virginia.
Wexner was recently recognized as the wealthiest man in the state of Ohio. He is well known for his philanthropy, often to Jewish and Catholic projects. He serves as Honorary Vice Chairman of the Board of Congregation Agudas Achim in Bexley. He was a major funder of the Wexner Center for the Arts at The Ohio State University, the name of which is actually intended to honor his father.
In 1984 he established the Wexner Foundation whose goal is to strengthen the field of Jewish leadership. The foundation runs three major programs: the Wexner Heritage Program for North American Jewish volunteers; the Graduate Fellowship for students pursuing a master's degree in the rabbinate, cantorate, or Jewish studies; and an Israel Fellowship which funds Israeli public officials for a master's degree in Public Administration from Harvard University's John F. Kennedy School of Government.
In 1999, Wexner paid $42.1 million for the Picasso Nude on a Black Armchair, and donated it to the Wexner Center for the Arts. Wexner is reported to own other Picasso paintings, and is considered to have one of the 50 largest art collections in the world.
Wexner was appointed to the Board of Trustees of The Ohio State University and served from 1988 to 1997. In December 2005, Wexner was appointed to his second term and was elected chairman of the Board in 2009. Spring of the 2012 marked the end of Wexner's chairmanship and the announcement that he was stepping down later in the year, eight years before his appointment would end.
On May 11, 2004 Wexner received the Woodrow Wilson Award for Corporate Citizenship at a dinner in Columbus, Ohio. The award was presented by the Woodrow Wilson International Center for Scholars of the Smithsonian Institution in Washington, DC. Wexner was honored because of his commitment to the public good.
On February 16, 2011 Wexner pledged a donation of $100 million to Ohio State, which will be allocated to the University's academic Medical Center and James Cancer Hospital and Solove Research Institute, with additional gifts to the Wexner Center for the Arts and other areas. This latest gift is the largest in the University's history.
On February 10, 2012 The Medical Center at the Ohio State University officially changed its name to the Wexner Medical Center at The Ohio State University commemorating "Mr. Wexner's indelible, lifelong legacy of leadership at Ohio State" according to university president E. Gordon Gee. "For more than three decades, Mr. Wexner has been one of the University's most committed leaders and ardent supporters. His generous contributions, both in time and resources, have been wholly transformational, but his most valuable gift has been his remarkable leadership."
Read more about this topic: Les Wexner
Famous quotes containing the words philanthropy and/or service:
“... the hey-day of a woman’s life is on the shady side of fifty, when the vital forces heretofore expended in other ways are garnered in the brain, when their thoughts and sentiments flow out in broader channels, when philanthropy takes the place of family selfishness, and when from the depths of poverty and suffering the wail of humanity grows as pathetic to their ears as once was the cry of their own children.”
—Elizabeth Cady Stanton (1815–1902)
“The summer soldier and the sunshine patriot will, in this crisis, shrink from the service of his country; but he that stands it NOW deserves the love and thanks of man and woman.”
—Thomas Paine (1737–1809)