KINGSTON, N.J., Aug. 4, 2016 /PRNewswire-USNewswire/ -- The Tuchman Foundation is pleased to announce the completion of the Laurel Avenue School which has been unoccupied for 10 years. Established in 1995 by Martin Tuchman, The Tuchman Foundation has a long history of philanthropy which supports education. Not only has Martin Tuchman established scholarships, fellowships and an endowed chair at the New Jersey Institute of Technology, resulting in naming of The Tuchman School of Management at NJIT, but he also supports annual scholarships at Seton Hall University and Trenton Catholic Academy.
The renovation of the Laurel Avenue School, which includes 13 classrooms, one library, performance space, a commercial kitchen, and multipurpose space with a gymnasium, supports Martin Tuchman's continuous philanthropic endeavors as the school will be the new location for various community initiatives and the YingHua International School, an independent school focusing on the bilingual education of native Mandarin Chinese speakers in Kingston Township New Jersey.
"Primary and secondary school education is the foundation of every child's educational future. Moreover, the integration of the Chinese language into the curriculum ensures our young leaders are armed with bilingual skills in a business culture that is becoming increasingly diverse. I am proud to provide a home to YingHua International School in the name of education and look forward to seeing how its graduates evolve," says Martin Tuchman.
About Martin Tuchman
Martin Tuchman is Chairman and Chief Executive Officer of The Tuchman Group, which oversees investments in Real Estate, International Shipping, Domestic Transportation, and Commercial Banking. Earlier at the Railway Express Agency, together with a group of shipping engineers at the American National Standards Institute, he created the current standard for intermodal containers and chassis still in use today. Subsequently, he co-founded Interpool, which was listed on the New York Stock Exchange and became one of the world's leading container leasing companies. The company was ultimately sold for $1 billion. At Yardville National Bank, where he was also one of the largest shareholders, he was part of the group that sold the bank to PNC for $403 million.
He is Chairman of the Board of Directors of First Choice Bank and along with a Special Committee he worked on the merger with Berkshire Hills Bank, which is listed on the New York Stock Exchange, creating a bank with $9 billion in assets. Tuchman and his fellow shareholders will own 12.2% of this merged entity, with Tuchman being the largest shareholder.
Active in Parkinson's Disease philanthropy, Mr. Tuchman is on the Board of the Parkinson's Disease Foundation of Columbia Presbyterian Hospital and Chairman of The Tuchman Foundation, working closely with Parkinson's organizations to secure NIH research grant approval. The Tuchman Foundation and its affiliates have thus far funded $15 million of research into finding a cure for Parkinson's disease. He is also on the Boards of the American Cancer Society of Mercer County and the Trenton Area Soup Kitchen. In addition, Tuchman serves as Advisor on National Security to Congresswoman Carolyn B. Maloney of the 14th Congressional District.
He has received numerous honors including Entrepreneur of the Year by Ernst & Young, the Hero medal at The Smithsonian Institute, and the naming of The Martin Tuchman School of Management at NJIT.
Mr. Tuchman earned his B.S. in Mechanical Engineering from New Jersey Institute of Technology and his MBA from Seton Hall University. Recipient of NJIT's Alumni of the Year Award, he has been a member of the school's Board of Trustees and is currently on its Board of Overseers.
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SOURCE The Tuchman Foundation