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Chase Lenfest

History

Chase’s current business and philanthropic endeavors started to take shape with the formation of a privately-held business over four decades ago. In 1974, Chase’s father and founder of Lenfest Communications, H.F. (Gerry) Lenfest, purchased Suburban Cable from Walter Annenberg’s Triangle Publications. After significant growth in the cable industry, Gerry Lenfest sold 50% of Lenfest Communications to TeleCommunications Inc. which was subsequently acquired by AT&T. Finally, in 2000, Gerry Lenfest saw that valuations in the media and communications industry were at an all-time high and he sold Lenfest Communications to Comcast. With this transaction, a long time, privately held, illiquid business became a source of opportunity for the family, but also came with a tremendous amount of responsibility.

Chase started his Family Office shortly after the sale to monitor his diversified holdings and support his philanthropic interests. Today, his office provides a suite of services to Chase’s family and is the central point of contact for those making inquiries regarding his operating companies, investment opportunities and charitable activities.

Operating Companies

After successful sales of his television station, WMCN, in 2018 and his media software company, Broadway Systems, in 2016, Chase maintains his connection to the media industry through his company Lenfest Media Group, LLC. Lenfest Media Group, LLC is a direct response television (DRTV) marketing and investment company focused on launching consumer products.

In 2015, Chase entered the healthcare market with his launch of Smile Exchange and Kleer. Smile Exchange is a dental service organization providing exceptional dental care to patients at affordable prices. Kleer supports dentists in implementing their own dental care plans to meet their patients’ needs and grow their practice.

In 2017, Chase further diversified his healthcare portfolio through his ownership in Prime Wellness of Pennsylvania. Prime Wellness brings compassionate care to Pennsylvanians through the ethical and legal use of marijuana.

Investments

Chase maintains a diversified portfolio of real estate holdings, which include Davenport Investments, LLC, a domestic real estate portfolio company, Lenfest Jamaica Investments, LLC, which holds properties in the Montego Bay area of Jamaica and Infinite Wealth, LLC, which invests in properties on the Florida Gulf Coast.

Chase makes direct investments in growing private companies via Cramer Mountain Growth Partners and Dublin Capital Partners, LP

Philanthropy

Chase’s philanthropy is multi-faceted and driven by his charitable mission; to improve the overall quality of life for urban and inner-city residents. His primary focus has been in the Hunting Park and East Tioga communities of North Philadelphia. To accomplish this mission, Chase started The H. Chase Lenfest Foundation in 2002. In 2007, Chase went on to build the Lenfest Center, a 50,000 sq. ft. facility in North Philadelphia. The Center operates as its own private operating foundation with Chase as its Board President. The Center endeavors to provide services to the children in Philadelphia’s Hunting Park neighborhood. The Center’s squash facilities are also the home of SquashSmarts.

Chase looks forward to continuing to build on nearly a decade of investing in structured and innovative enrichment and athletic programming for community youth at the Lenfest Center as he works to expand his impact to develop and implement a “place-based” community change strategy.

Through his foundation and personally, Chase has provided stable funding to other Philadelphia-based organizations whose mission align with his own. These organizations include Face to Face at St. Vincent’s summer camp, Philadelphia Outward Bound, The Joe Hand Boxing Gym, The Gesu School, Dream Camp and PAL Scholarship Foundation.

Personal Facts

Chase Lenfest served on the Board of Directors of SquashSmarts, Inc. from 2000 to 2002 and has served on their Advisory Board since 2002. SquashSmarts combines the sport of Squash with Academic Tutoring and Mentoring of under-served, urban youth in order to develop self-esteem and discipline through academic, athletic and personal achievement. He is also a former member of the Board of Directors of the Police Athletic League.

Chase grew up in Huntingdon Valley, Pennsylvania and graduated from Yale University with a BA in Economics.