Wallace Sheft, C.P.A.
Joined the board of an amfAR
predecessor, the National AIDS Research Foundation (NARF), in early September
1985. Became a founding director of amfAR in late September 1985, following the
unification of the Los Angeles–based NARF and the New York–based AIDS Medical
Association. Has served as amfAR’s treasurer since March 1987. Also chairs audit
committee and serves on executive and investment committees. Was the late Rock
Hudson’s business manager and served as executor of Hudson’s estate after he
died of AIDS-related causes in October 1985. Rock Hudson contributed $250,000
to amfAR in September 1985, making the first direct contribution to the nascent
Mr. Sheft was chief executive
officer and director of a soybean food processing plant in Iowa for ten years.
He co-founded one of the earliest Small Business
Investment Companies (SBIC),
which were government-funded and sought to help fledgling companies expand.
Retired from a certified public
accounting firm that specialized in handling the business affairs of actors and
others in the entertainment field. His firm also specialized in the automobile
field, specifically in improving the operations of auto dealerships. He and his
wife, Elaine, have two sons and five grandchildren, and they have homes on Long
Island, New York, and in Florida.