ACLS Mourns the Passing of Frederick M. Bohen
Frederick M. Bohen, who served as chair of the ACLS Investment Committee from 1998 until 2003 and as a member of its Board of Directors from 1998 until 2007, died on March 14, 2015 in New York at the age of 77. He remained a valued member of the Investment Committee after serving as chair. "Fred’s dedicated service significantly strengthened ACLS," said Council president Pauline Yu. "He re-designed our investment program and guided the Investment Committee in the diversification of our portfolio. Fred recruited new expert professionals to the Committee and led its deliberations with focus, diligence, and prudence. The results of his stewardship are remarkable: when he assumed the chair of the Committee, the ACLS endowment was valued at approximately $50 Million; at the end of 2014, the value stood at $116.5 Million."
Fred was executive vice president of the Rockefeller University when he joined ACLS. He retired from that post, in 1999, but returned to Rockefeller as executive vice president (acting) from 2002 to 2005. Before that, he held executive positions at Brown University and the University of Minnesota and served as assistant secretary for management and budget of the federal Department of Health and Human Services during the Carter administration. Bohen was an independent outside director of the APACHE Corporation and a founding trustee of the Teak Fellowship. He served on other corporate boards and as a trustee of Stephens College. He earned his A.B. degree at Harvard College and his M.P.A. from the Woodrow Wilson School at Princeton University
“Another achievement of Fred’s wise leadership was the acquisition of our current office space,” said President Yu. “In 2001, our lease on rental space was expiring and search for workable alternatives had been unavailing. Fred independently identified the possibility of purchasing the condominium unit at 633 Third Avenue we now occupy and convinced president D’Arms and the Board of the long-term promise of the investment. Fred was right: not only has the new location proven convenient, but the value of the unit has appreciated several-fold.”
“Quantitative measures, however, cannot begin to convey the rewarding experience of working with Fred,” Ms. Yu continued. “He was unfailingly gracious and thoughtful, yet also determined and rigorous in all dealings. We mourn his loss and will prize his memory.”