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NEW COLUMN:
Philanthropy: Featuring Shlomo Rechnitz, CEO, TwinMed

December 29, 2023
by Isaac Portugal, Content Creator, JSuccess

This column celebrates extraordinary people in the global Jewish business community whose philanthropic contributions have impacted industries, communities, and the personal and professional lives of others.

It’s no secret that the Orthodox Jewish community is comprised of some of the most generous philanthropists in the entire world. It’s a fact that should serve as a source of pride for members of our community and the broader Jewish community at large.

One of the most famous philanthropists today is Shlomo Rechnitz, a businessman who has dedicated his life to helping others. Through his work as a hospital administrator and owner of nursing homes, Mr. Rechnitz has shown incredible selflessness and compassion in caring for vulnerable populations. He has established several nonprofit organizations that provide healthcare services to underprivileged communities, as well as donated millions of dollars to countless yeshivas, Jewish organizations, and charities worldwide. His vision and determination have led to a tremendous impact on the health and quality of life for countless individuals around the world.

This month we have the honor to feature Shlomo Rechnitz as the inaugural profile in our column on philanthropy!

 

Shlomo is an American entrepreneur, visionary, philanthropist, community activist, humanitarian, and musical composer. Shlomo lives in Los Angeles, CA, with his wife Tamar and their six children, and has been able to provide employment opportunities for tens of thousands of people over the course of his professional career. Shlomo began his business career by founding TwinMed together with his brother Steve. The company rapidly became the largest supplier of medical supplies to nursing homes in the country. It has also led to Rechnitz receiving numerous awards within the corporate world.

Along with his brother Steve, Rechnitz has lectured for students in the MBA program at Stanford, where TwinMed has been presented as a case study. Rechnitz brings the same innovative business spirit to the philanthropic world.

Steve and Shlomo Rechnitz at Stanford Graduate School of Business

Born in Los Angeles, Shlomo began his career in 1998 when he and his twin brother Steve co-founded TwinMed LLC.  Together with his brother, Shlomo rapidly expanded TwinMed to become one of the largest medical supply companies in the United States and a trailblazer in the industry as well.  

In addition to his continued leadership in the healthcare industry through TwinMed, Mr. Rechnitz also founded the care provider Brius Healthcare Company in 2004. Like TwinMed, Brius has grown exponentially and now provides employment to over 8,000 people in the nursing home industry. 

Shlomo’s knack for innovation inspires his other endeavors too. Often described as having redefined traditional philanthropy, the Rechnitz name — both through private endeavors and the Shlomo and Tamar Rechnitz Foundation — is known as an address to whom anyone, regardless of affiliation, race, denomination or creed, can turn.

Music has always been one of Shlomo’s passions, and he has put out four albums of original compositions and reprises. Shir 1, Shir 2, Shir 3 and Matana Tova all feature prominent Jewish singers and became instant favorites in the world of Chassidic music. 

Shlomo serves as President of Torath Emeth and is the first Chairman of the Board for the Chofetz Chaim Heritage Foundation. His entrepreneurial and community work has earned him several awards, including the Ernst & Young Entrepreneur of the Year Award, the UCLA Icon Award for Visionary Leadership in Business and Philanthropy, and a tribute from the LAPD Eagle and Badge Foundation.

Speaking of men and women in uniform, Rechnitz made headlines globally when he bought 400 of our nation’s courageous servicemen a meal during a layover in Shannon, Ireland.

As People Magazine and dozens of other media outlets reported at the time, on his way to visit Israel with his family, Rechnitz noticed that a group of 400 US Soldiers were preparing to eat their paper sack dinners.

He immediately asked the commanding officer if he could purchase hot meals for them, instead. Minutes later, Rechnitz handed over his credit card and disbursed $50 to each serviceman and servicewoman to afford them the opportunity to dine out at a restaurant in the airport of their choosing. 

As he was quoted as saying in the time in a video clip, “You guys risk your lives to protect me and protect my family. If I get to go out and see a whole bunch of Army soldiers and Marines, it’s something that makes me proud. I just wanted to say thank you from the bottom of my heart.”

Shlomo Rechnitz Speech at the Eagle & Badge Gala

Shlomo Rechnitz’s approach to philanthropy is that it’s not merely a task or a duty to be discharged. It’s a way of giving back, of expressing gratitude both to G-d and to the community, city and country that has given and continues to give opportunity to so many. According to Mr. Rechnitz, everybody can give something, whether it’s money or time or guidance. No one is exempt, because charity and giving transcend all boundaries of financial wealth, ethnicity, religion and location.

Consequently, the Shlomo and Tamar Rechnitz Foundation wasn’t established to benefit any one cause or category of giving. The recipient organizations and initiatives are completely non-denominational and range from educational institutions to literacy to support for the homeless and the mentally ill — and beyond. 

One cause that is particularly close to the Rechnitz heart is cancer research. To date, both through the Foundation and together with his twin brother and business partner Steve, Shlomo Rechnitz has dedicated millions of dollars to fighting cancer. Recipients include (but aren’t limited to) Cedars-Sinai Medical Center, UC San Diego, UCLA, the Dana Farber Cancer Institute, The Leukemia and Lymphoma Society, and MD Anderson in Houston, Texas. 

Another cause of great importance to Shlomo is the Mir Yeshiva, where he learned in his late teens and early twenties. Home to over 9,000 students from 24 countries, Mir is the largest yeshiva in the world. For Shlomo, it’s a privilege to help underwrite the obviously enormous costs, and he has headed a number of campaigns on the yeshiva’s behalf. In a historic announcement at a recent Mir dinner in Bell Works, R’ Shlomo Yehuda Rechnitz announced that final touches are being put on a plan to raise the checks of Mir yungerleit by a whopping 20%.Since the petirah of HaRav Nosson Tzvi Finkel zt”l, he has personally donated at least $40 million to the Mir. 

Mir Dinner 2022 – Shlomo Yehuda Rechnitz with intro from Harav Elya Brudny

Aside from his personal work and the work of the foundation, Shlomo Rechnitz is involved in myriad private philanthropic endeavors to assist individuals and families in need.  

Some of the organizations and institutions the Shlomo and Tamar Rechnitz Foundation works with are:

 

Shlomo Rechnitz interview by Larry King

Mr. Rechnitz has redefined the traditional definition of philanthropy, and it’s an honor to feature Shlomo in the first article of our series on philanthropy. From rescuing local businesses to opening his own home to serve as a hub for providing direct and individual giving, Shlomo continues to serve as a role model for many philanthropists both young and old, to emulate.

Articles credits:
https://www.shlomorechnitz.net/
https://www.shlomorechnitzfoundation.org
https://www.jpost.com/special-content/shlomo-rechnitz-redefining-philanthropy-687530
https://www.theyeshivaworld.com/news/headlines-breaking-stories/2075182/huge-r-shlomo-yehuda-rechnitz-raises-mir-yungerleit-checks-by-twenty-percent.html
https://www.jpost.com/special-content/shlomo-rechnitz-redefining-philanthropy-687530
https://rivercountry.newschannelnebraska.com/story/47901577/shlomo-rechnitz-and-his-devotion-to-philanthropy
Shlomo Rechnitz: A Disruptive Philanthropist - Space Coast Daily

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