Oscar Tang
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Oscar L. Tang, a New York financier and a philanthropist, is a graduate of Phillips Academy '56 and received his engineering B.S. from Yale University and his business administration M.B.S. from Harvard University. A native of Shanghai, China, he fled from the Communist revolution in his home country with his family in 1949. He enrolled at Phillips Academy as a 10th grader and currently serves as the President of the Board of Trustees there, as of April 2004. Before being instated as the President of the Phillips Academy Board of Trustees, he was a charter trustee since 1995 and a major school volunteer for over two decades. In 2008, he contributed the school's largest gift of $25 million. This gift made him one of the greatest benefactors of Phillips Academy in the history of the school.
In 1970 Tang founded Reich and Tang, an investment management firm headquartered in New York City; he headed the firm until 1993. It is now part of the money management firm CDC Ixis.
An active and well-known philanthropist, Tang is a member of the board of the Metropolitan Museum of Art in New York, to which he made an extraordinary $14 million gift to in 1997. His gift included 11 major paintings from the C.C. Wang collection and additional funding toward Chinese art galleries.
He is also responsible for the building of the teaching museum and art gallery at Skidmore College, where he is a major benefactor in memory of his deceased wife, Frances Young Tang. He met his wife, a graduate of Skidmore College in 1961, while she was a student at Abbot Academy, the all-girls school in Andover before it merged with Phillips Academy in 1973. In addition to being a trustee at Skidmore, he is also a trustee of the China Institute in America, Inc..
Mr. Tang resides in New York City.
