What makes successful people give away their wealth? Do they want to have their names memorialized on buildings or
institutions? Or do they have an internal desire to “do good?”
Ed Satell joins a long line of successful entrepreneurs who have exhibited corporate social responsibility through his
millions of dollars of philanthropy. On June 8th he will be honored with the Building Jewish Life: Visionary &
Humanitarian Award at Temple B’nai Israel in Easton, in recognition of his history of charitable efforts and his significant
gift to create the Center for Jewish Life on the Eastern Shore. Dr. Haitham Amal, leader of the Amal Lab and professor at
the Technion Institute, Stanley Center for Psychiatric Research, Hebrew University in Jerusalem, whose work has been
supported by Satell’s generosity, will be the Keynote speaker at the event. His talk will focus on innovations in the
treatment of Alzheimer’s disease and autism spectrum disorder.
Satell’s family immigrated to this country. He started broke, was an average student, was inspired by our country’s
Founding Fathers. He had great positive curiosity, which taught him a lot, and he chose to work hard in business to
succeed. He joins a long line of successful entrepreneurs who demonstrate their belief that they have a sense of
responsibility to leave the community better than they found it. Satell does this with effective Corporate Social
Responsibility through deep partnerships with nonprofits, quietly contributing millions of dollars of philanthropy over
time, without seeking publicity. These nonprofits value his involvement – he is known as a “thinking partner.” His more
than 60 years of personal and corporate philanthropy have included 67 programs or projects with 45 nonprofits. He has
been honored more than 30 times, has been awarded two Honorary Doctorates and an honorary International
Fellowship.
Satell doesn’t want his name carved in stone. He wants to make our world better. He explains, “the way I look at it, I
inherited a great country. I did not build the roads, I did not build the schools, I did not build the hospitals. Somebody else
did that, and then I came along…. And when it became my turn, I was very happy to do something.”
His generosity is guided by a philosophy of giving in five broad areas: children in need, young people of promise, medical
and energy research, community and civic development, and support of his Jewish heritage.
What drives Satell’s philanthropy? First, as a successful entrepreneur – he founded Progressive Business Publications – he
felt a need to give back; “What could be better than having a better place for your children, a better place for your
grandchildren, a better place for you to live your life, in safety and happiness?” He says “every child is entitled to a happy
childhood” and “kids with promise need mentors.” The Satell Foundation has supported programs that have benefited more than10,000 disadvantaged children and has engaged more than 240 CEOs over seven years in commitments to multi-
year funding for nonprofits. Satell’s drive and optimism has motivated more than 40 of his corporate staff to provide mentorships in Philadelphia area schools.
Satell seeks to elevate opportunities for young people of promise and to ingrain social responsibility into college
students. For instance, at his alma mater, the University of Connecticut, he funds the Satell Social Entrepreneur Internship
Program, where students harness the collective force of businesses and nonprofits for the greater good. “Look,
we’re a people-oriented society where leaders have helped make this a great place. And this is passed down from
generation to generation,” says Satell. The Ed Satell Doctoral Fellows Program at the Technion Institute, Israel, was
established to provide graduate school tuition in the sciences. He also funds the Satell Leadership Research Fellows at Massachusetts Institute of Technology, bringing some of Israel’s top PhDs in science to MIT for a four-year all-expense
paid program as Senior Postdoctoral Associates. His support of research is at the core of his giving, “These people in basic research, their whole dream in life is to create new knowledge…that can help humanity, and make a better place.”
Satell is very conscious of his Jewish heritage, and his financial support made possible the Center for Jewish Life on the
Eastern Shore at Temple B’nai Israel in Easton. Says Satell, “Everybody should support their heritage. I come from a rich
heritage, most of you come from a rich heritage, whatever it may be.”
For information about the event to honor Ed Satell and to hear Dr. Amal speak about his breakthrough discoveries, please
visit https://www.bnaiisraeleaston.org/event/edsatell where you may purchase tickets for an exceptional evening
including cocktails, heavy hors d’oeuvres, and a dessert reception. Registration deadline is May 18.
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