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H.F. Lenfest, former media mogul, philanthropist, dies

Written by The Associated Press | Aug 6, 2018 5:39 AM
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FILE PHOTO: In this Jan. 12, 2016, file photo, H.F. "Gerry" Lenfest, owner and Chairman of Philadelphia Media Network (PMN), makes an announcement during a news conference at the National Constitution Center in Philadelphia. (AP Photo/Rich Schultz, File)

(Philadelphia) -- H.F. "Gerry" Lenfest, who made a $1 billion fortune in the cable industry and gave almost all of it away, supporting schools, museums, journalism and the arts in Philadelphia and beyond, died Sunday, a family spokesman said.

Gerry Lenfest was 88. He was taken Sunday from his Rittenhouse Square home to Penn Presbyterian Medical Center, where he was pronounced dead of complications from chronic illness, said Fred Stein. Stein will handle a memorial service planned in Philadelphia in September.

"There is likely not an organization or charity in Philadelphia that didn't benefit from the Lenfest family's generosity in some way," said Pennsylvania Gov. Tom Wolf. "Gerry was a great human being and an even better citizen."

Lenfest and his wife, Marguerite, made about $1.2 billion when they sold Suburban Cable to Comcast Corp. in 2000. The Lenfests immediately set out to give away the fortune. By 2014, as he stepped in to help Philadelphia's ailing newspapers, Gerry Lenfest estimated he had given away $1.1 billion.

"Money is a responsibility when you have that kind of wealth. I've tried to do right by it. Perhaps the greatest opportunity came with the ownership of these newspapers," Lenfest said in 2016 when he donated the newspapers to a newly created nonprofit. "What would this city be without the Inquirer and Daily News?"

The Lenfests also gave to the Philadelphia Museum of Art, Barnes Foundation, Kimmel Center for the Performing Arts and Lenfest's alma maters: Mercersburg Academy, Washington and Lee University and Columbia University. Wilson College, Marguerite's alma mater, also received funds. Lenfest also gave $50 million to champion the new Museum of the American Revolution, which opened in April 2017 and, he felt, provided the "missing link" to tie together the city's historic sites.

Their three children didn't need the money -- they were given stakes in Lenfest's cable company when it wasn't worth much -- and Gerry Lenfest said he feared a permanent foundation would do more to perpetuate itself than help others.

"During your lifetime, you can direct how your wealth is spent for the most good. But after your death, it is problematic. You don't have the control," Lenfest told The Philadelphia Inquirer in 2004.

Within four years, the Lenfests had given away $325 million and dropped off Forbes magazine's list of the 400 richest Americans. Nearly half that money -- $150 million -- went to a foundation named for them that must spend its last penny within 20 years of the last spouse's death.

At age 84, Lenfest unexpectedly became the sole owner of The Philadelphia Inquirer, Philadelphia Daily News and the website Philly.com. His business partner, Lewis Katz, had died in a plane crash in June 2014 just days after they paid $88 million to buy the company from rival co-owner George Norcross.

Though the Lenfests lived a luxurious life with yachts, expensive cars and multiple homes, friends described them as down-to-earth. They spent much of their time at their house in Huntingdon Valley, which they bought for $35,000 in 1966. With no help, the Lenfests cooked for guests.

Harold FitzGerald "Gerry" Lenfest and his twin sister, Marie, were born in 1930 in Jacksonville, Florida, but soon moved to Scarsdale, New York, where their father worked in the shipping industry.

When Lenfest was 13, the family moved to a farm near Lambertville, New Jersey, where Lenfest had no shortage of chores. He went to Flemington High School and graduated from Mercersburg Academy in Franklin County.

According to the school, he was a member of the school's Class of 1949. Lenfest and his wife, Marguerite, gave more than $100 million to Mercersburg, including a transformative $35 million gift to the school in 2000 as a lead gift in the Academy's Mightily Onward Campaign.

In a statement the academy noted the Lenfests contributed to nearly every facet of the school's program, from financial aid and the unrestricted endowment to faculty support and the renovation and construction of new facilities.

Today, Mercersburg awards more than $7 million annually in financial aid, and the Lenfests' focus on this priority has provided bedrock support to this crucial initiative through the years. The Lenfests' commitment to the school's unrestricted endowment supports every student and provides the institution with extraordinary flexibility to meet emerging needs.

 Two specific buildings on campus largely supported by the Lenfests--the Burgin Center for the Arts (named for former Headmaster Walter H. Burgin Jr. '53 and his wife, Barbara) and Lenfest Hall--underscore their dedication to ensuring that Mercersburg students, faculty, and staff benefit from the very best facilities.

 Gerry Lenfest joined Mercersburg's Board of Regents in 1989; he was appointed president of the Board in 1994 and served until 1998. As Board president, he presided over the process that led to the appointment of Douglas Hale as Mercersburg's sixth head of school, a decision he often cited as one of the best in his career.

 "Gerry changed the course of Mercersburg Academy," says Hale, who served as head of school from 1997 to 2016. "The school was his spiritual home--a place that changed his life in immeasurable ways--and he never lost sight of the school's impact on his life. He devoted himself to ensuring that Mercersburg would thrive for generations to come.

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A photo of Mercersburg Academy alumnus H.F. "Gerry" Lenfest, who died Sunday at age 88. (Photo courtest of Mercersburg Academy)

He pushed us relentlessly to be the best Mercersburg we could be, and he never turned away from an opportunity to support us. Working for Gerry and helping to steward his beloved Mercersburg will forever be one of my life's greatest rewards."

Lenfest took a special interest in lifting the philanthropic sights of the Mercersburg community. In addition to his family's own gifts, he worked tirelessly to secure broader support. He was a member of the Academy's Mightily Onward Campaign Steering Committee and chaired the Campaign's leadership gifts committee. The Lenfests served as honorary co-chairs for the school's Daring to Lead Campaign, which was completed in 2016 and raised more than $300 million.

"Gerry and Marguerite's legacy at Mercersburg is one that has inspired and will continue to inspire others," says Katie Titus, Mercersburg's head of school. "Recognizing the impact of Mercersburg, Gerry remained committed to supporting the school, guided by the belief that his two years as a student here changed the course of his life. Today's students are blessed by the generosity of Gerry Lenfest; the school would not be what it is today without his vision, devotion, and faith. While his physical presence on our campus will be missed, his spirit will live on for generations to come."

He graduated from Washington and Lee with a degree in economics in 1953, served with the Navy in Norfolk, Virginia, and got his law degree from Columbia.

He worked for a New York law firm before landing a job in 1965 with Walter Annenberg's Triangle Publications, which owned TV Guide, Seventeen magazine, several TV and radio stations, and cable franchises.

In 1973, Annenberg decided to sell the cable assets. Lenfest, with the help of two investors, ended up buying the system in Lebanon, Pennsylvania.

"I was editorial director and publisher of Seventeen magazine and I had an office on Park Avenue. I had a good salary," Lenfest recalled in 2000. "I left all that to work out of my basement for 12 years, not nationally known, not a good salary. I used to sleep on the sofa in Lebanon, because I couldn't afford a hotel room."

That one system in Lebanon eventually became Suburban Cable, the 11th-largest cable company in the country.

Lenfest expanded slowly at first. He grew the system in Lebanon, set up cable franchises in towns around Philadelphia and by 1981 the company had about 40,000 subscribers. The company acquired systems in and around San Francisco and pushed hard to expand in the Philadelphia area.

By the time Lenfest sold Suburban to Comcast in 2000, it had 1.2 million subscribers.

After his Navy service, Lenfest spent 24 years in the Reserves. He was honorably discharged with the rank of captain.

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