The Legacy of Morton L. Mandel - "Our Cup Runneth Over"

“I seek now to light as many more candles as I can -- to help brighten the prospects of those less fortunate in this world.” — Morton L. Mandel

Morton L. Mandel (9/19/1921 - 10/16/2019) was a renowned business leader, philanthropist and dedicated social entrepreneur. At the time of his death, he served as Co-Founder, Chairman and CEO of Parkwood LLC, a private trust company and Co-Founder, Chairman and CEO of the Jack, Joseph and Morton Mandel Foundation.


Morton L. Mandel was born in Cleveland, Ohio in 1921. His father, Simon Mandel (1885-1943) emigrated from Poland in 1913 to Canada and arrived in the United States in 1915 in order to pave the way for a better life for his family. He intended to have his wife, Rose Mandel (1888-1959) and their three children, Meriam Mandel Cole (1909-2010), Jack N. Mandel (1911-2011), and Joseph C. Mandel (1913-2016), join him, but due to World War I, they remained separated for seven long war-torn years. In 1920, with the help of the Red Cross, Rose and the children gained passage to the United States on the New Amsterdam, that crossed the Atlantic and reunited the family. Morton L. Mandel was born in the United States on September 19, 1921. The Mandel family ran a dry goods store.

Early Education & Building a Resume

Morton Mandel attended Miles Standish and Doan Elementary grade schools. In the 4th, 5th and 6th grades, he was placed in an Advanced Studies program. At Empire Junior High School, Mandel was elected President of the Student Council by the full student body, and was an avid writer for the school newspaper. At age 13, Mandel started working. His first job was as an occasional vendor at major league baseball games, and at 16 as a sales person at a men’s clothing store. In his Freshman year at Case Western Reserve University, he worked at his Uncle Jacob Mandel’s auto parts company.

High School & College

At Glenville High School Mandel was elected President of his senior class and was deeply involved in drama, the school paper, and other extracurricular activities. Upon graduation, he was awarded an academic scholarship to Adelbert College in Cleveland, and enrolled in the fall of 1939.  After completing his Freshman year, and at just 19 years old, Mr. Mandel left college and co-founded Premier Automotive Supply Co. with his brothers, Jack N. Mandel and Joseph C. Mandel, when the trio purchased their Uncle Jacob’s auto parts business in 1940.

Army Service

World War II put Mr. Mandel on yet another path when he decided to enlist in the army. Shortly after he enlisted, the Army sent him back to college as it feared a wartime shortage of engineers. Mandel graduated from Officer Candidate School, as a Second Lieutenant, in March of 1945 and was separated in 1946. Upon leaving the army, after his two years at Pomona College and the University of California at Berkeley, and being just 16 hours short of a degree in chemistry, Mr. Mandel chose instead to rejoin his brothers at Premier Automotive Supply Co.

Premier Automotive Supply Co. & Premier Industrial Corporation

Mr. Mandel was asked by his brothers to become President in 1957 and then CEO in 1970 of what was to become Premier Industrial Corporation. The company went public in 1960, and was listed on the New York Stock Exchange in 1964.  Premier established earnings records in 34 out of 36 years as a publicly traded company. From a tiny company that sold auto parts in the 1940s, the brothers built a global distributor of industrial and electronic parts with sixteen divisions and a billion dollars in annual revenue. The company earned numerous business awards — in 1991 Premier was named the financially strongest large company in America by CFO Magazine; Premier was one of the 50 top companies profiled in the 1995 book, Making It In America.

In 1996, Premier merged with Farnell Electronics plc, of London, England, to form Premier Farnell plc.  With the merger of the companies, Mandel and his brothers became billionaires.  Mandel agreed to serve as Deputy Chairman of the combined companies for five years, and resigned from that Board in 2002.

Parents & Family

Mandel credited his parents for instilling his philanthropic values. Committed to philanthropy as an integral part of his adult life, Mandel regularly devoted about 25 percent of his time to civic and philanthropic activities. He often said, “Even though our family had little money, my mother always gave a small something to others. Giving was a permanent fixture in our home. We were taught the obligation of helping others”.

The brothers have an unusual success story. Not only did they build their business from the ground up, but they were not burdened by the arguments and infighting that plague so many family businesses. “The reason I think we did so well is because we each have different skills… We divided up running Premier based on our natural interests,” said Morton Mandel. The brothers always considered themselves best friends throughout their lives, and attribute this unique relationship to their success.


Along with his business success, Mandel became involved at an early age in civic and philanthropic activities in his hometown of Cleveland and later on, nationally and internationally.

Mr. Mandel provided substantial leadership to numerous Cleveland philanthropic programs. He was instrumental in forming Cleveland Tomorrow in 1981, (today, the Greater Cleveland Partnership), and provided leadership to Case Western University’s Mandel School of Applied Social Sciences, which offers advanced degrees in social work, and also a degree in non-profit management. Mr. Mandel was the Founding Chairman of MidTown Cleveland, a local economic development organization dedicated to the revitalization of the business district where Premier Industrial Corp. was based.

Mr. Mandel served as chief volunteer officer for a large number of high-impact community organizations, and founded alone or in partnership with others, a dozen 501(c)(3) non-profit organizations aimed at improving the quality of professional leadership in the social sector, rehabilitating inner cities, and revitalizing Jewish education nationally and around the world. In addition to this philanthropic service, Mr. Mandel served as a Director of Central National Bank of Cleveland and Cleveland Electric Illuminating Company.


In 1998, Mandel and his two brothers founded Parkwood LLC, at the same time, he was heavily involved in philanthropic activities through the Mandel Foundation which the brothers had established in 1953. They stopped thinking about money, rather about giving back.  Mandel said about himself and his brothers’ thoughts on philanthropy, “We realized early in life that when true wealth became a by-product of success, we were its custodian, charged with using some of it to make our world a better place”.

Today, the primary mission of the Jack, Joseph and Morton Mandel Foundation is to help provide outstanding leadership for the non-profit world through leadership education programs in its own institutions and at selected universities in the United States and Israel.

Mr. Mandel strongly believed that his experience in the social sector made him a better corporate executive, just as he was convinced that what he learned in business made him a more effective philanthropist. The similarities become even more profound when he was invited to speak to the MBA classes of the late Professor Richard Osborne at Case Western University’s Weatherhead School of Management. “The students are very interested in this guy Mort,” says Osborne. “Mort’s capacity to inspire is a huge part of who he is.  At the end of the first class the students give him a spontaneous standing ovation… but when he comes back for the second class they give him a standing O when he comes in. The fact that he is a billionaire is no longer important to them. The ovation is about who he is and not how much money he made.”

It’s All About Who

Grantee Organizations

The Mandel School for Educational Leadership was developed over a number of years with the mission of turning out exceptional leaders in education, seeking to improve K-12 general education in Israel. “The Mandel School for Educational Leadership helped to create a corps of change agents who are transforming Israel through ideas and actions that improve lives,” said Danny Bar Giora, the school’s current director. About his vision, Mandel said, “Every day, they pay tribute to what I believe: that a single individual can change the world.  Powerful ideas, driven by outstanding people, represent a sure way to light more candles and help illuminate the world.”

Awards & Honorary Degrees