Tag Archives: Mount Sinai Hospital

Jew of the Week: Larry Tanenbaum

Owner of the Toronto Raptors and Maple Leafs

Lawrence M. Tanenbaum (b. 1945) was born in Toronto, the grandson of religious Polish-Jewish immigrants. His father was a real estate tycoon and the founder and owner of York Steel Construction. Tanenbaum studied economics at Cornell University, where he managed the school’s hockey team. Upon graduating, he became the general manager of Kilmer Van Nostrand, a construction company that his father had recently bought out. Tanenbaum expanded the company rapidly. Among their many projects across the Americas are the Toronto, Atlanta, Miami, and Calgary train and subway networks. After a merger with another company in 1984, Tanenbaum became the CEO of Canada’s largest road paving company. Meanwhile, he created two new subdivisions for Kilmer: its Developments wing which is a leading Canadian real estate firm, and Kilmer Sports, for which Tanenbaum is most famous. Kilmer Sports has a 25% share of Maple Leafs Sports & Entertainment Ltd., and Tanenbaum is the chairman of both the Toronto Maple Leafs hockey team and the Toronto Raptors basketball team. The former is among the most valuable sports clubs in the world, while the latter won the NBA Championship last week for the first time in its history. In fact, Tanenbaum played an instrumental role in bringing a professional basketball team to Toronto. Although he lobbied the NBA for years, the contract was ultimately awarded to another businessman. Undeterred, Tanenbaum vowed to buy it out, and did so in 1998 with the team having struggled tremendously in its first years. Tanenbaum quickly turned its fortunes around (together with Vince Carter, who was drafted that same year.) Tanenbaum is a big sports fan himself, and goes to as many Leafs and Raptors games as he can. MLSE also owns the Toronto Argonauts, Toronto FC, and two more teams, making it Canada’s largest sports company, and one of the largest in the world. Last year, Tanenbaum (with a partner) bought the rights to bottle and distribute Coca-Cola in Canada. Tanenbaum and his family are huge philanthropists, donating countless millions to schools, hospitals, and charities. Among his largest donations are $60 million to Toronto’s Mount Sinai Hospital, $20 million to Montreal’s Neurological Institute and Hospital, $5 million to the University of Toronto, and $50 million to the UJA. He is a co-founder of the Centre for Israel and Jewish Affairs. Tanenbaum was awarded the Order of Canada in 2007. He plans to take the Toronto Raptors on an all-expenses paid trip to Israel as a victory present.

Words of the Week

Five thousand years of continuous history of the Jewish people have built an ethic. And the ethic has been built around family, the importance of learning and good behaviour. You build on those tenets. You never stop learning, whether that’s reading the Bible, the Talmud, the New Yorker or Engineering News Record. And ethical behaviour is about conducting your relationships on an ethical basis. You’re honest with people.

– Larry Tanenbaum

Jew of the Week: Judah Touro

A Great American Hero

Judah Touro: War Hero, Philanthropist

The Touro family was forced out of Portugal in the explusion of 1497. They first settled in the Netherlands, then tried their fortunes in the New World, being among the earliest pioneers in America. There, they established the first official synagogue in the Americas, the Touro Synagogue of Newport, Rhode Island. George Washington visited in 1790, there giving his famous speech “to bigotry no sanction, to persecution no assistance.” Isaac Touro was the chazzan of this congregation. His son Judah Touro (1775-1854) established a small goods store in New Orleans which blossomed into a massive merchant empire. Throughout his life, Judah contributed vast sums of money for important causes, both Jewish and non-Jewish – schools, cemeteries, orphanages and hospitals, including the $20,000 necessary to build the Jews’ Hospital of New York, now known worldwide as Mount Sinai Hospital. In an early act of Zionism, Touro sent $50,000 to Jews living in Israel. In another instance, he provided the funds to establish a Jewish settlement near Jerusalem, called Mishkenot Sha’ananim. At death, he left half a million dollars to charity, an unheard of amount in those days. Two-thirds of this money went to non-Jewish causes. The other third was given to nearly every active synagogue operating in America. For these reasons, some say Judah Touro is the greatest Jewish philanthropist of all time. Most impressively, Judah Touro also served his country in the War of 1812. After getting injured, he continued to volunteer as a munitions carrier. In the Battle of New Orleans, a 12-pound cannonball smashed his leg, ripping off most of his thigh. Left for dead, he managed to survive and continued his business for another 40 years. Humble and modest, he lived in a small apartment all his life. Judah Touro’s financial advice: never take a mortgage on an existing property to invest elsewhere.

Words of the Week

Better an Israel that everyone hates than an Auschwitz that everyone loves.
– Rabbi Meir Kahane