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06/29/09 - Michael Steinhardt Donates $5 MM to Hebrew Academy
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GREENSBORO, N.C. - Philanthropist Michael Steinhardt recently donated $5 million to the American Hebrew Academy, one of the largest single gifts in the Academy’s history. The funds are earmarked for the school’s endowment fund. The announcement was made today by Glenn Drew, Executive Director of the Academy.
A legend on Wall Street, Mr. Steinhardt was one of the first hedge fund managers and a pioneer in the industry. An active philanthropist and chairman of the Steinhardt Foundation for Jewish Life, Steinhardt is perhaps best known for founding Taglit-Birthright Israel, a program that has enabled more than 200,000 Jewish young adults to travel on a ten-day trip to Israel, absolutely free. He is passionate about education, donating funds to support various Jewish and secular institutions, including one at New York University which bears his name.
Steinhardt is a strong supporter of the Academy, and has been since its inception.
In addition to Mr. Steinhardt’s generous gift, the Sabbah family donated one million dollars to the Academy’s endowment fund, building on family patriarch and Academy founder Chico Sabbah’s commitment to AHA’s future.
About The American Hebrew Academy: The American Hebrew Academy is the Western Hemisphere’s only, Jewish, pluralistic, college prep, boarding school. Serving students from 26 states and 19 countries, the state-of-the-art environment fosters academic achievement and strengthens Jewish identity in a residential setting for motivated and high achieving students in grades nine through twelve. The dual curriculum, along with the aquatics center and sports complex, provides a holistic educational experience—nurturing mind, body, and soul. An internationally acclaimed faculty challenges students to excel in a rigorous program that includes Advanced Placement and Jewish studies courses. At the Academy, values and leadership skills are enriched by the culture, customs, and history of the Jewish people. Students graduate thoroughly prepared for college and ready to make a meaningful impact on the world. For more information about the Academy, please visit www.americanhebrewacademy.org.
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