Katz’s donation to the university will be the largest ever from an individual.
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Lewis Katz / Getty
Lewis Katz, Philadelphia-based businessman and well known philanthropist has made a magnanimous gesture of pledging to donate the sum of $25 million to the Temple University in the city
Katz made the unexpected announcement when he was the guest of honor at arecent gala didn’t dinner which had been organized by the Fox School of Business and Management, an offshoot of the University.
According to Neil D. Theobald, President of Temple University the evening was arranged to expressed university’s appreciation of Lewis Katz’s efforts on behalf of the University, as well as his exceptional leadership and entrepreneurial success. Katz has been a member of Temple University’s board of trustees for the past 15 years.
“Not surprisingly, he reflected that honor right back on Temple with this historic gift. We are immensely grateful for his most generous pledge.” Mr. Theobald
During the evening Lewis Katz was presented with the 2013 Musser Award for Excellence in Leadership, in the name of Warren Musser.
Katz, who earned a bachelor’s degree in biology from Temple University reportedly made no specification on how his gift should be used. Making the announcement of his donation, Katz explained to the audience that his “extraordinary experience at Temple University” had set him on a path which virtually changed his life.
This is not the first time that Lewis Katz has agreed to provide support to an alma mater. having donated the sum of $15 million to the Dickinson School of Law, the law school of Pennsylvania State University where he graduated with a degree in law. His donation helped to fund a law school building on campus that bears his name.
Lewis Katz currently serves as joint managing partner of the Philadelphia Media Network, publisher of the Philadelphia Inquirer, the Daily News and Philly.com. Katz was also a founding partner of the law firm Katz, Ettin & Levine and continues to serve as counsel for the firm.
Lewis Katz is well known for his philanthropic activities, serving as a director of the Katz Foundation, which he founded specifically to support a large number of charitable, educational and medical causes.