Media ReportMay 15, 2006
Applebaum: Fun is PhilanthropyDetroit Free Press
Eugene Applebaum, philanthropist, civic leader and Wayne State University alumnus, is profiled in a story chronicling his life as a major supporter of numerous causes and his dedication to Detroit. He earned a pharmacy degree from Wayne State and embarked on a career that led to his founding of Arbor Drugs. Following the sale of the nation’s eight-largest drug store chain in 1998, Applebaum continued his momentum as president of Arbor Investments Group, a holding company for his investment and real estate ventures. As a philanthropic supporter of Wayne State, Eugene and Marcia Applebaum donated $5 million to the university’s College of Pharmacy and Health Sciences. He also currently serves as chair of the Wayne State Foundation. Wayne State President Irvin D. Reid is quoted extensively in the story about his friend. “Two things that are extraordinarily important to him, after his family, are Detroit and Wayne State University,” Reid said. “He’ll tell you that over and over again. He says it’s because he made his fortune here, and when you make money, you give it back.” A photo of Applebaum is included.