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Frank Savage Reflects on Leadership, Wealth, and Wisdom at 2013 John Stearns Luncheon

Dr. Thomas Q. Morris, Chairman of the NYAM Board of Trustees; Dr. Jo Ivey Boufford, NYAM President; Dr. Jeremiah Barondess, President Emeritus; Frank Savage

On October 31, 2013, NYAM hosted a luncheon at the Century Association honoring the members of its John Stearns Legacy Society, NYAM donors who are influencing the future by establishing endowment funds or remembering NYAM in their estate plans. The society is named for John Stearns, NYAM’s first President in 1847.

The event featured NYAM Trustee Frank Savage as its keynote speaker. Mr. Savage’s remarks were titled “Reflections on a Life of Global Leadership and the Importance of Sharing Wealth and Wisdom” (an excerpt can be heard at this link). He spoke of his mother’s influence on his values as a young child, as he watched her offer food and clothing to struggling members of the community from her small shop in Washington, DC. Her powerful example gave him a lifelong commitment to being a leader and helping those less fortunate, guided by the principles of honesty, integrity, and hard work. These principles helped him build a career in finance as one of the first African-American executives to be hired by Citibank in the 1960s, and spearhead a highly successful capital campaign for Howard University, his alma mater, where he served as Chairman of the Board of Trustees. These anecdotes, and many others, are revealed in his critically acclaimed new book, The Savage Way: Successfully Navigating the Waves of Business and Life.

Today, Frank Savage is a highly accomplished global Wall Street financier with a distinguished career in international banking, corporate finance, and global investment management. He is Chairman Emeritus of Alliance Capital Management International, a division of Alliance Capital Management, a $700 billion asset management subsidiary of AXA Equitable Life Insurance Company and the current CEO of Savage Holdings, a global financial services company. Mr. Savage is also Chairman Emeritus of the The John Hopkins University SAIS Advisory Board and serves on the boards of several corporations and nonprofit organizations, including Bloomberg LP and The New York Academy of Medicine, having previously served on the boards of Lockheed Martin, Qualcomm, and the New York Philharmonic.

For more than 160 years, NYAM has been dedicated to advancing the health of people in cities. Gifts and bequests sustain this mission. Creating a fund for the future enables a donor to make a contribution that will continue to grow, have a long-range impact, and create a living memorial to a loved and respected person. For more information on giving to NYAM, contact Abigail Franklin at 212-822-7244 or

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Posted on November 4, 2013

Gina Ravosa
Director of Marketing & Communications
The New York Academy of Medicine
1216 Fifth Avenue
New York, NY 10029
(212) 822-7285


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Reporters: to arrange interviews with NYAM medical and urban health experts, contact
Gina Ravosa, Director of Marketing & Communications

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The 2013 Duncan Clark Lecture - The Affordable Care Act on the Verge of Final Success ... and a Nervous Breakdown

The 2013 Duncan Clark Lecture - The Affordable Care Act on the Verge of Final Success ... and a Nervous Breakdown

Featured Speaker: John E. McDonough, DPH, MPA, Professor of the Practice of Public Health and Director of the Center for Public Health Leadership 
Department of Health Policy and Management at the Harvard School of Public Health

December 9, 2013 - On December 2, 2013 NYAM welcomed Dr. John E. McDonough, one of the leading experts on health care reform in the United States, to deliver the 2013 Duncan Clark Lecture at NYAM on “The Affordable Care Act on the Verge of Final Success ... and a Nervous Breakdown.”
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NYAM Report - Federal Health Care Reform in New York State: A Population Health Perspective

The New York Academy of Medicine with support from the New York State Heath Foundation released a new report, Federal Health Care Reform in New York State: A Population Health Perspective.

This report identifies opportunities that build on both the Patient Protection and Affordable Health Care Act (ACA) and New York’s ongoing efforts toward improving the health of its 19 million residents.

Read press release

Read report

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