For Immediate Release, Philadelphia, PA (January 22, 2020)—Philadelphia-Israel Chamber of Commerce (PICC), the region’s per-eminent Israel business group, is pleased to honor Edward M. Satell, Founder and CEO of The Satell Institute, with its prestigious 2020 Lifetime Achievement Award. The Chamber presents this award to regional business, philanthropic and academic leaders who exemplify the organization’s goals of broadening business, research and educational ties between the United States and Israel.
“Mr. Satell’s lifelong philanthropic and civic leadership embodies the Philadelphia-Israel Chamber of Commerce’s vision of strengthening Israel and United States ties and mutual impact through innovation,” said Matthew I. Fingerman, ChFC®, CFP®, PICC President and Vice President, Wealth Manager, BNY Mellon. “His lifelong extensive humanitarian initiatives facilitating, and funding advanced Israeli research have generated positive global impact and have deepened and broadened the academic, commercial and friendship ties between Israel and the United States.”
For the past five decades, Mr. Satell has promoted his strong values and focus on the greater good, advocating for a culture of corporate accountability and social responsibility, and developing human capital at all levels. He has been honored by Gratz College (USA) and the Technion Institute (Israel) with Honorary Doctorate degrees.
Following his vision and deep sense of “tikkun olam”, Satell has supported and funded several potential game-changing research projects conducted by leading Israeli professors. He championed innovation in energy efficiency through the Satell Family Nitrogen Hydrogen Alternative Fuel Research Lab (the first energy research lab in Israel) at the Technion, and later the collaborative Satell Global Energy Research Program at UCONN and Technion. After he was invited to meet Avram Hershko, Israel’s first Nobel Prize winner in chemistry and heard that he could not have won the prize without his graduate students, Satell was motivated to be the sole sponsor of the Satell Masters Scholarship Program enabling many promising undergraduates who lacked funding to be in and complete their Master’s program.
Satell dedicated long-time support to Israel’s “Dr. Cell”, Marcelle Machluf, who created a now patented high potential stem cell drug delivery solution to cure organic cancers, now in its final research stage. At the Richard D. Satell Cancer Research Lab at Rappaport in Haifa, he sponsored research led by prominent genetics professor, Karl Skorecki, and he facilitated and funded a partnership in early stem cell research between the Technion & Coriell Institute, USA.
In addition, Satell sponsors advanced education opportunities for many of Israel’s top PhDs via the Satell Leadership Program at MIT for Post Docs from across Israel. He also supports a promising new research lab on Autism led by Dr. Haitham Amal, formerly a Satell MIT-Technion Leadership Scholar at MIT, now a professor at the Hebrew University.
In the United States he has sent more than 200 Philadelphia region high school Juniors/Seniors to Israel on 10-day educational trips who completed the year-long Satell Teen Fellowship for Leadership & Social Activism program. Through this acclaimed innovative program, he helped create future leaders in the community who see their roles through the Israeli innovative lens.
In 2016, Satell dedicated a $15 million endowment to establish the Satell Institute (SI), now a leading Think and Do Tank dedicated to Corporate Social Responsibility (CSR). As the Founder and CEO, Ed. working with business and thought leaders, has created a Collective Force of Business & Foundations Partnering with Nonprofits to Serve the Greater Good™. A large number of prominent business leaders in the Philadelphia region are part of SI’s CEO membership Do Tank.
Ed Satell will accept the 2020 Lifetime Achievement Award at the Chamber’s Annual Gala Reception at the Crystal Tea Room in Philadelphia on May 4th.
Philadelphia-Israel Chamber of Commerce
For more than three decades, the mission of the Philadelphia-Israel Chamber of Commerce—unique in this region—has been to develop business and academic ties between Greater Philadelphia, Southern New Jersey and Delaware, and Israel. The PICC is a non-profit, non-denominational, independent organization focused on creating commercial and investment opportunities. The Philadelphia-Israel Chamber represents the US-Israel Binational Industrial Research and Development Foundation (BIRD) in Pennsylvania, Delaware and southern New Jersey. In 2019 alone, the PICC facilitated three BIRD grants (close to $1 million each) promoting US-Israel technology ventures in Pennsylvania and New Jersey.