Morris Silverman

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Morris Silverman (born May 23, 1912 in Troy (New York) , † January 26, 2006 in Manhattan ) was an American entrepreneur and philanthropist .

Life

Silverman grew up in Troy, New York, and graduated from Albany Law School in 1936 . He was stationed in the 95th Infantry Division known as The Iron Men of Metz during World War II . During the war he reached the rank of major and received several medals such as the Purple Hearts , two bronze stars , one silver star , and four battle stars . He started out as an entrepreneur in New York in 1950 and founded National Equipment Rental , which became the largest private leasing company in the United States .

In 1984 he sold the company for 40 million dollars and this sum could by speculation on the Wall Street increased to 250 million dollars. After the death of his wife Dorothy, he founded the Marty and Dorothy Silverman Foundation . He established the Albany Medical Center Prize in Medicine and Biomedical Research, also known as America's Nobel. This award is given annually for medical research and the winner receives half a million dollars. Silverman also made donations to numerous organizations, and his money formed the basis of the University Heights Association .

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