Howard D. Morgan, co-president of New York-based private equity firm Castle Harlan Inc., is the new chairman of The Parkinson's Disease Foundation's board — only the third in the organization's 56-year history.
He succeeds Page Morton Black, an entertainer and wife of the late William Black, foundation founder and founder of coffee and restaurant business Chock full o'Nuts. Ms. Black headed the board for 30 years until her resignation in 2012.
Mr. Morgan joined the board in 2004, but became acquainted with the New York-based organization when his father was stricken with the disease.
The Parkinson's Disease Foundation is one of the oldest foundations dedicated to supporting break-through research to cure the disease, he said. It is also involved in patient education and advocacy.
“Our firm believes all of its partners have an obligation to be active in the community and to give something back,” Mr. Morgan said in an interview.
In the course of his tenure with the foundation, Mr. Morgan has helped bring the business skill sets he uses in the private equity investment business to the not-for-profit environment. Among these skills are financial rigor, development of a strategic mission and refinement of governance policies, including term limits for board members.
“It's a long-standing, very stable organization,” Mr. Morgan noted. “The chairman emeritus (Ms. Black) did a great job. ... One of my jobs as chairman is to find a proper successor for myself.”