Gerald Ratner (lawyer)

Gerald Ratner
Born (1913-12-17)December 17, 1913
Died June 20, 2014(2014-06-20) (aged 100)
Chicago, Illinois
Occupation Lawyer
Years active 75 years

Gerald Ratner (December 17, 1913 – June 20, 2014) was a lawyer in Chicago and benefactor to The University of Chicago, his alma mater.

Early life and education

Ratner was born on December 17, 1913. He grew up in the Brighton Park neighborhood of Chicago. His mother, an immigrant from what is now known as Belarus, owned and operated a small grocery store. She raised three kids on her own after Ratner's father left the family when Gerald Ratner was five years old. Because he was a tough kid, people used to call him "Red."[1][2][3]

Ratner was the valedictorian of Marshall High School, and earned a scholarship, which covered his first year's tuition at the University of Chicago.[1] Ratner played Varsity baseball, became a member of Phi Beta Kappa and graduated in 1935 with a bachelor's degree from the University of Chicago School of Business. In 1937 he graduated cum laude, Order of the Coif from the University of Chicago Law School.[4][5]

Career

Ratner served in WWII, entering in November 1942. He was a United States Army policeman stationed in Casablanca. His duty was to process German and Italian prisoners of war. He left the service as Captain in April 1946.[1][5] Ratner practiced law for more than 75 years, starting in 1937. He cofounded the law firm Gould and Ratner with his U. of C. classmate, Benjamin Gould, in 1949.[1][2] For over 50 years, Ratner was the counselor to the Crown family.[4] He advised them on deals including the 1961 sale of the Empire State Building.[1]

Ratner was a donor to the University of Chicago. In 1961, he established a student loan fund at the Booth School of Business in memory of his brother J.E. Ratner, former editor-in-chief of Better Homes and Gardens and a former faculty member at Chicago.[6] He donated $15 million for the athletic center that bears his name, Gerald Ratner Athletic Center.[1] He also donated $6 million to the Chicago Initiative, which provides funds for faculty support, community programs, graduate fellowships, and college scholarships. This donation is shared between U. of C.'s Law School and Smart Museum of Art.[2] In April 2006, he funded a gallery in the Smart Museum of Art in honor of his late wife.[6] The University of Chicago gave him the Law School's Distinguished Law Alumni Award in 1999[4] and the highest honor from the university, the University of Chicago Medal, in 2005.[2]

Personal life

In 1948, Ratner married Eunice Payton. She died in 2005.[1] On June 20, 2014, Ratner died in his sleep at the age of 100 from natural causes.[1][7][6]

References

  1. 1 2 3 4 5 6 7 8 Strahler, Steven R. (20 June 2014). "Lawyer, Gerald Ratner dies at 100, Crown family advisor, U of C donor". Crain's Chicago Business. Retrieved 17 March 2015.
  2. 1 2 3 4 Harris, William (13 April 2006). "Ratner's gift puts Chicago's Initiative over $1.5 billion". The University of Chicago Chronicle 25 (14). Retrieved 12 March 2015.
  3. ↑ Goldsborough, Bob (2 July 2014). "Gerald Ratner, 1913-2014". Chicago Tribune (Chicago). Retrieved 17 March 2015.
  4. 1 2 3 "Gerald Ratner". Bloomberg. Retrieved 12 March 2015.
  5. 1 2 Brumbaugh, Rachel. "The Uncommon Interview: Gerald Ratner". The Chicago Maroon (Chicago). Retrieved 17 March 2015.
  6. 1 2 3 Huang, Wen (23 June 2014). "Gerald Ratner, PhB'35, law partner, avid supporter of UChicago, 1913-2014". UChicago news (Chicago). Retrieved 17 March 2015.
  7. ↑ "Gerald Ratner Obituary". Chicago Tribune Obituaries. 2014. Retrieved 17 March 2015.
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