Summary: On November 21, 2021, Richard Capizzi, a well-known businessman and philanthropist, passed away at the age of 83. His death has left behind a legacy of charitable works and business accomplishments that will be remembered and celebrated for years to come.
1. Early Life and Career
Richard Capizzi was born on June 10, 1938, in New Rochelle, New York. He grew up in a working-class family and attended Iona Preparatory School before going on to study at Iona College. After college, Capizzi served in the U.S. Army and then began his career in the insurance industry. Over the years, he built a successful business and became a leading figure in the field.
In addition to his work in insurance, Capizzi was involved in numerous philanthropic endeavors. He established the Richard and Susan Capizzi Foundation, which provides funding for various charities and organizations, including hospitals, schools, and religious groups. He also served on the board of directors for several organizations, including the Boy Scouts of America, the United Way, and the American Cancer Society.
Capizzi’s dedication to helping others was recognized by many who knew him. He received numerous awards for his philanthropy, including the Lifetime Achievement Award from the Insurance Federation of New York and the Distinguished Service Award from the Catholic Youth Organization.
2. Business Successes
Capizzi’s success in the insurance industry was due in large part to his entrepreneurial spirit and innovative ideas. In the late 1970s, he developed a new form of insurance coverage designed specifically for the trucking industry, which quickly became very popular. He later went on to found his own company, CapSpecialty, which focused on providing specialty insurance products for a variety of industries.
Under Capizzi’s leadership, CapSpecialty grew into a major player in the insurance industry, with offices and employees throughout the United States. The company was eventually sold to a larger insurance firm, but Capizzi remained involved in the industry as a consultant and mentor to other entrepreneurs.
Capizzi’s entrepreneurial success was recognized by many, including the New York Venture Capital Association, which named him its “Entrepreneur of the Year” in 1994.
3. Charitable Works
Throughout his life, Capizzi was deeply committed to giving back to his community and helping those in need. He served on the board of directors for numerous charitable organizations and was an active supporter of many others.
One of Capizzi’s most significant contributions was the establishment of the Richard and Susan Capizzi Foundation, which was founded in 1993. The foundation provides funding for a wide range of causes, including healthcare, education, and religion. It has provided millions of dollars in funding over the years and has made a significant impact on the lives of countless individuals and communities across the country.
In addition to his work with the Capizzi Foundation, Capizzi was also involved in numerous other charitable endeavors throughout his life. He supported a wide range of causes, including cancer research, youth development programs, and hospice care.
4. Legacy of Impact
Richard Capizzi’s death has left behind a legacy of impact and inspiration that will continue to be felt for years to come. His dedication to philanthropy and entrepreneurship set an example for others, and his kindness and generosity touched the lives of many.
Capizzi’s family, friends, and colleagues have paid tribute to him in the wake of his passing, describing him as a visionary leader, a devoted family man, and a beloved member of the community.
As we remember Richard Capizzi’s life and legacy, we are reminded of the profound impact that one person can have on the world. His charitable works continue to touch the lives of countless individuals, and his entrepreneurial spirit continues to inspire others to follow in his footsteps.
Richard Capizzi was an accomplished businessman and philanthropist whose contributions to society will be remembered and celebrated for years to come. His entrepreneurial success and dedication to philanthropy set an example for others to follow, and his kindness and generosity touched the lives of many. As we mourn his passing, we are reminded of the importance of giving back to our communities and the lasting impact that one person can have on the world.