Local businessman, philanthropist dies at age 94
UPDATED: Monday, April 23, 2012 - 2:57pm
WACO -- Local businessman and philanthropist Bernard Rapoport has died at the age 94.
Rapoport was in the hospital after heart complications and died late last night.
In 1917 he was born in San Antonio to Russian-Jewish immigrants and in 1951, Rapoport and a partner founded American Income Life Insurance Company, a multi-million dollar company headquartered in Waco.
He and his wife Audre started the Rapoport Foundation which supported education... social justice... and liberal political causes in the Waco area.
He was also a political power broker who helped elect President Bill Clinton and was also named one of America's 40 Most Generous Philanthropists by Fortune Magazine.