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Taube, who has shaped the destiny of one of most active philanthropic bodies on the West Coast of America for the last 32 years has decided to call it quits.
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Tad Taube, president of the Koret Foundation since the early nineteen eighties has informed the foundation’s board that he will not be putting his name forward for another term, when elections are held this coming June.
Taube, who recently celebrated his 82nd birthday, has reportedly decided to go down a gear or two, and spend some more time posturing his many other interests and hobbies.
Currently Tad acts as president for no less than four charitable foundations, not only the Koret Foundation, but also the Taube Foundation for Jewish Life and Culture, the Taube Family Foundation as well as a charitable fund based at Stanford University.
During his three decade long philanthropic career, Ted Taube has been responsible for channelling millions of dollars in funds into the San Francisco and Bay Area. Some of these funds will raised through donations while a large percentage came from Taube’s personal fortune.
Most of the money raised through Taube’s charitable efforts have gone to provide support for the arts, as well as athletic, civic and Jewish cultural institutions.
Ted Taube has stated that he also intends to spend a significant amount of his time in Warsaw, Poland, where the autumn he will have the honor of opening the new Museum of the History of Polish Jews, which is located on the site where the Warsaw Ghetto Uprising to place in the winter of 1943.
Since the decision to rebuild the monument was taken in 2007 Taube, through his own personal resources, as well as through the Koret Foundation, have donated $20 million towards completing the museum.
Taube, who is a Doctor, has also intimated that when he stands down, he intends to devote more of his three time to mentoring several medical startups based in California Silicon Valley. Some of the projects he plans to be involved in will be to find ways to speed up the diagnosis of cancer, methods of measuring and subsequently preventing blood loss during surgery, as well as exciting breakthrough for the medical industry that will be capable of remotely stimulating a patient’s nerve cells in order to treat chronic pain.
The Koret Foundation has been based in San Francisco, California since it was founded in 1978 by Joseph and Stephanie Koret, and Tad Taube. The tube was not only a close personal friend of the Koret’s but also a colleague, acting as Chief Executive Officer of Koret of California, Inc., a women’s sportswear company which the couple owned, and which they merged with Levi Strauss in 1979.
Initially the foundation was funded only by the Korets, and was active in supporting a number of causes in the San Francisco Bay Area, including a number of Jewish charities as well as providing support for economic development in Israel.
After Stephanie Korat passed away in the mid nineteen seventies, Joseph handed over most of the possibility of running the foundation to Ted Taube, and since his passing in 1982, while Susan Koret, Joseph’s second wife, was appointed chairperson for life.
The Koret Foundation’s assets are estimated to be in the region of $500 million.
