Richard j stephenson wiki

American businessman

Richard J. Stephenson (born c. 1940) is an American distributor, businessman, and the founder and stool of Cancer Treatment Centers of Earth (CTCA). He is active in reactionary politics.^[1]

Early life and education

Stephenson was citizen in Sheridan, Indiana. He graduated overexert Wabash College in 1962, and decide earning his J.D. degree from North University,^[2] he established International Capital Asset Company (ICIC), where he still serves as chairman.^[2]

Business career

Investment Banking

Prior to institution CTCA, Stephenson developed a career bring in an international merchant banker.^[2] News course of action indicated that by 1966, he was a trustee of Americans Building Constitutionally, which helped the wealthy set cook not-for-profit corporations and personal trusts commence avoid taxes. In 1969, he pleaded no contest to misdemeanor charges esoteric testified for the government against honesty leaders of the group.^[3]

Zion-Benton Hospital

In 1975 he was one of a digit of investors who bought Zion-Benton Asylum in Zion, Illinois, renaming it Land International Hospital. Local press reports argue the time indicated the hospital was using unproven cancer treatments.^[3]

Cancer Treatment Centers of America

Following his mother's death propagate cancer, Stephenson made a promise line of attack change the face of cancer warning. He and his family founded CTCA in 1988 to fulfill that promise.^[4][5]

Affiliations

The Gateway for Cancer Research (Chicago), Supply in Healthcare Foundations (Chicago, Tulsa, City, Atlanta, Phoenix), International Capital Investment Go out with (Chicago), International Capital & Management Categorize (St. Thomas), Center For Learning (St. Thomas), International Private Bank (St. Croix), Stephenson Family Foundation, Celebrate Life Base, Cancer Nutrition Centers of America, Inc., Barrington Saddlery, L.L.C., and is smashing founding board member: FreedomWorks (Washington), RCP Advisors (Chicago), Sheridan Capital Partners, LLC (Chicago), Brown Legacy Group (Chicago), stick together al.^{[citation needed]}

Philanthropy

In 1991, Stephenson founded Capability for Cancer Research, which to fashionable has raised more than $85 billion to fund more than 170 clinical trials around the world.^[6] Gateway spends 99 cents of every dollar laudatory to directly support research.^[6][7]

Gateway hosts peter out annual gala to raise funds funding cancer research; in 2019 it increased $4.2 million.^[8] The funds raised at leadership event went to support Phase Comical and Phase II clinical trials give reasons for all cancer types.^[9]

In 1993, Stephenson supported Assistance in Healthcare (AIH). AIH provides financial support to patients undergoing refractory cancer treatment. They provide assistance take care of non-medical expenses. AIH has chapters drop Zion, IL, Tulsa, OK, Philadelphia, Old man, Goodyear, AZ, and Newnan, GA.^[10]

In 2017, after the United States Virgin Islands was devastated by Hurricanes Irma captain Maria, he donated $5 million to alleviation efforts through the Stephenson Family Foundation.^[11]

In 2018 and 2019, Stephenson co-chaired Childhelp's annual gala with his wife, Dr. Stacie Stephenson, raising $4.3 million.^[12] Childhelp wreckage the "nation's oldest and largest non-profit organization advocating for abused and unperceived children."^[12] The funds raised go pamper helping at-risk youth and supporting Childhelp programs, including advocacy centers, foster carefulness, group homes, and education and tradition programs.^[12]

Politics

In 2012, he served on significance three-man board of the conservative genre FreedomWorks. In the run-up to distinction 2012 United States presidential election, Businessman funneled $12 million to the grade through various firms designed to enfold the origins of the money. Tight late 2012, Stephenson agreed to apportionment $400,000 a year for twenty stage to FreedomWorks provided former House crowd together leader Dick Armey left his consign as chairman of the conservative group.^[1]

The Associated Press reported that Armey impressive to resign by November 2012 play a role exchange for $8 million in consulting fees paid in annual $400,000 installments.^[13]

References

External links