Ades Endowed Professorship
The Wharton School has received a gift to create the Murrel J. Ades Endowed Professorship in honor of Mr. Ades, an alumnus who would have turned 100 this year. The professorship is endowed by his son, Robert Ades, who is a senior partner at the law firm of Robert A. Ades and Associates, in Washington, D.C. The fund will allow the School to honor an exceptional scholar and teacher, providing him or her with additional research funding, and also will further strengthen the ties that the Ades family already has with Penn.
“Endowed professorships enable us to reward outstanding faculty members with recognition for their contributions to business practice,” said Dean Patrick Harker. “This professorship is a wonderful way to honor Murrel Ades and his lifelong devotion to his alma mater.”
“I could not think of a better way to mark the anniversary of my father’s birth and graduation than to celebrate with a professorship,” says Mr. Ades. “Graduating from Wharton was the achievement of which he was most proud in his entire life.”
Murrel J. Ades was a 1925 Wharton undergraduate alumnus who would have marked his 80th class reunion this year. Born in Louisville, Kentucky—he began his career as a salesman for Schenley Industries, Inc. in New York, before working his way up to executive vice president. Mr. Ades went on to found his own company, International Distributing Corporation, in Washington, D.C.
“As we approach the 125th anniversary of the founding of Wharton, Robert Ades’ gift in memory of his father reminds us of the impact this remarkable institution has had on the lives of our graduates. This gift provides a wonderful sense of history, for a family as well as for an institution,” Associate Dean Steven Oliveira said.
Although Mr. Ades passed away in 1974, his appreciation for the University created a legacy that would remain in the family. His grandson, J. Samuel (Sam) Ades, graduated from SAS in 1992 and is a vice president with Warner Brothers Entertainment.
Almanac, Vol. 52, No. 13, November 22, 2005
November 22, 2005
Volume 52 Number 13