Weatherhead Foundation Makes $2 Million Commitment to Support Management and Medicine at Case Western Reserve University
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February 12, 2009
WEATHERHEAD FOUNDATIONS MAKE $2 MILLION COMMITMENTTO SUPPORT MANAGEMENT AND MEDICINE AT CASE WESTERN RESERVE
Gifts support initiatives at Weatherhead School and Dorothy Jones Professorship in Medicine
CLEVELAND – The Weatherhead Foundation and the Albert J. Weatherhead III Foundation, headed by Albert J. Weatherhead III, emeritus trustee and friend of Case Western Reserve University, have donated $2 million to the university to further fund respective endowments at the Weatherhead School of Management and Case Western Reserve University School of Medicine.
The Weatherhead School has received $1.5 million to support the school’s initiatives. The remainder of the gift supports the existing Dorothy Jones Weatherhead Professorship in Medicine, an endowed professorship named in memory of Weatherhead’s mother. George Kikano, M.D., chair of the department of family medicine, currently holds the position.
“It was 29 years ago when I first lent my support to the Weatherhead School of Management,” Weatherhead said. “Throughout this time, I have seen the school evolve into a preeminent leader in business education both nationally and internationally. This progress, along with Dr. Kikano’s continued good work and President Snyder’s forward-looking approach, has motivated me to make these commitments.”
Weatherhead is the chairman and CEO of Cleveland-based Weatherhead Industries, an umbrella firm for the various foundations started by his father in 1919. It is the parent company of Weatherchem, a private manufacturer of plastic closures for food, spice, pharmaceutical and nutraceutical products.
The Weatherhead Foundation, of which he has served as president since 1987, is a family organization that has generously supported higher education for more than 20 years. Weatherhead also directs the Albert J. Weatherhead III Foundation, a private charitable foundation he started in 1975.
In 1980, Case Western Reserve named the School of Management in honor of four generations of Weatherhead family members in recognition of their leadership in business and industry. Additionally, the foundation also endows professorships in the schools of management and law and ranks among the nation’s most generous, according to The Chronicle of Philanthropy.
“This is an extraordinary example of how supporters of the university can make a lasting impact, not just on the schools and programs they support, but also on the university and our region as a whole,” said Case Western Reserve President Barbara R. Snyder. “We are very grateful to Albert Weatherhead, his wife Celia, and the entire Weatherhead family for their continued commitment to our initiatives.”
In addition to his professional and philanthropic work, Weatherhead is also the author of The Power of Adversity: Tough Times Can Make You Stronger, Wiser and Better, a book about regarding personal and professional setbacks as opportunities.