Adrienne Arsht, American philanthropist and business leader
February 4, 1942 |
Wilmington, Delaware, U.S.
|Residence||Washington, D.C., U.S.|
|Alma mater||Mount Holyoke College - (B.A., 1963)
Villanova University School of Law - (J.D., 1966)
|Occupation||Founding Chairman of the Adrienne Arsht Center Foundation, philanthropist, and Chairman Emerita of TotalBank|
|The official Web site of Adrienne Arsht|
Adrienne Arsht (born February 4, 1942) is an American philanthropist and business leader. She is widely recognized for her $30 million contribution to the City of Miami’s Performing Arts Center, now known as the Adrienne Arsht Center for the Performing Arts. She also serves on the Board of Trustees of the John F. Kennedy Center for the Performing Arts in Washington, D.C. Through her contributions to the arts, Arsht has become well-known within the three cities she calls home, Miami, New York and Washington, D.C.
Personal Life and Career
Arsht was born in Wilmington, Delaware; the daughter of Samuel Arsht, a Wilmington attorney, and the Roxana Cannon Arsht, the first female judge in the State of Delaware. Arsht skipped her senior year at Tower Hill School and went directly to Mount Holyoke College, where she received her bachelor's degree. She then attended the Villanova University School of Law for her J.D. Upon graduation, Arsht became the eleventh woman admitted to the Delaware bar. Her mother was the fifth. She was married to the late Myer Feldman (1914–2007), a former counsel to Presidents John F. Kennedy and Lyndon B. Johnson.
Arsht began her Delaware law career in 1966 with the firm Morris, Nichols, Arsht & Tunnell. In 1969, she moved to New York City and joined the legal department of Trans World Airlines (TWA). She was the first woman to work in the airline industry's Property, Cargo and Government Relations departments. She moved to Washington, D.C. in 1979 where she initially worked with a law firm, then started her own title company before moving to Miami in 1996 to run her family-owned bank, TotalBank.
From 1996 to 2007, Arsht served as Chairman of the Board of TotalBank. In that time, TotalBank grew from four locations to 14 with over $1.4 billion in assets. In November 2007, she sold the bank to Banco Popular Español for $300 million and was named Chairman Emerita of TotalBank.
Arsht is widely known for her $30 million contribution to Miami’s Performing Arts Center in 2008. This allowed the center to become financially stable. In her honor, the former Carnival Center for the Performing Arts was renamed "The Adrienne Arsht Center for the Performing Arts of Miami-Dade County", or the Arsht Center for short. She currently serves as Founding Chairman of the Adrienne Arsht Center Foundation. In Miami, Arsht is also a member of the board and Trustee Emerita of the University of Miami, as well as a board member for the non-profit organization, Amigos for Kids. In January 2009, The Chronicle of Philanthropy ranked Arsht number 39 on its 2008 America’s 50 biggest donors list.
In 2004, Arsht became the first woman to join the Million Dollar Roundtable of United Way of Miami-Dade County. In October 2008, Arsht committed more than $6 million to the University of Miami to support the university-wide Arsht Ethics Programs, assist the Bascom Palmer Eye Institute of the University of Miami and support other University of Miami initiatives.
In Washington, D.C., she serves on the Board of Trustees of the John F. Kennedy Center for the Performing Arts. In 2013, she endowed the Adrienne Arsht Latin American Center at The Atlantic Council to focus on the role of South America in the trans-Atlantic world. In 2009, Arsht co-funded the program “Arts in Crisis: A Kennedy Center Initiative,” which provided planning assistance and consulting services to struggling arts organizations throughout the United States. She donated $5 million to establish the Adrienne Arsht Musical Theater Fund at the Kennedy Center to support a wide variety of musical theater productions.
Arsht is a member of the board of the Lincoln Center for the Performing Arts, the Atlantic Council, the Trustees Council of the National Gallery of Art, and Blair House Restoration Fund. She is a member of the Fine Arts Committee of the U.S. State Department, the Council on Foreign Relations, and is President of the Vice President's Residence Foundation.
In 2004, after the death of her parents, Arsht created the Arsht-Cannon Fund through the Delaware Community Foundation. Since its creation, the Arsht-Cannon Fund has given $4.5 million to non-profit organizations in Delaware, which have been specifically attributed to programs centered on the needs of Hispanic families. In May 2010, under Arsht's direction, the fund pledged $300,000 over three years to bring the Nemours Foundation BrightStart! Dyslexia Initiative to Delaware. The program is aimed at improving the reading and writing skills of young children and identifying those with learning disabilities at an early age.
In February 2009, Arsht funded the creation of the Best Buddies Delaware chapter to specifically serve Hispanics and African-Americans with mental disabilities.
- "Power Philanthropy: Meet Adrienne Arsht," Washington Life Magazine
- Washington Post: "Adrienne Arsht has returned to Washington and is giving away millions" By Annie Groer October 20, 2011 | "Adrienne Arsht learned to give back, and to fight back, from her parents, whose American dream story still resonates with their daughter. Both were children of poor Russian Jewish emigres to Wilmington"
- Delaware Community Foundation[dead link]
- Executive Advisory Board, Cuban-American CPAs[dead link]
- Delaware Community Foundation[dead link]
- "Myer Feldman, 92, Adviser to President Kennedy, Dies," The New York Times
- Executive Advisory Board, Cuban-American CPAs
- BNET - The CBS Interactive Business Network
- Bjork, Christopher (2007-07-11). "Spain's Banco Popular to buy U.S. TotalBank for $300 mln". MarketWatch. Archived from the original on 4 December 2009. Retrieved 2009-12-06.
- Freer, Jim (2007-07-11). "TotalBank to be sold to Spanish bank". South Florida Business Journal. Retrieved 2015-03-23.
- "Donation prompts Carnival Center renaming," South Florida Business Journal
- Board Members, The Adrienne Arsht Center for the Performing Arts of Miami-Dade County
- Board of Trustees, University of Miami
- Our Board, Amigos for Kids, Inc
- "Who were the top U.S. philanthropists in 2008? Hint: One was from Sarasota," The Daily Loaf
- Haute Living Magazine
- Ethics Programs, University of Miami
- Kennedy Center Administration Our People: The Board of Trustees
- Arts in Crisis: A Kennedy Center Initiative
- "$5 Million for the Love of Musicals," The Washington Post
- Lincoln Center Board of Directors
- Blair House Restoration Board of Trustees
- Membership Roster, and The Council on Foreign Relations
- "The Biggest Philanthropist You’ve Never Heard Of," Delaware Today
- "Arsht-Cannon Fund Brings Nemours BrightStart! Dyslexia Initiative to Delaware," Disabled World
- Best Buddies Delaware