Guggenheim Will Adds $1,975,000 to Philanthropy

The will of Daniel Guggenheim, famous copper magnate and philanthropist who died last week, sets aside $1,500,000 for the Daniel and Florence Guggenheim Foundation, which was incorporated in 1924 for the purpose of promoting “through charitable and benevolent activities the well-being of mankind throughout the world.” The will also directs that $475,000 be added to the $2,025,000 already given to the Daniel Guggenheim Fund for the Promotion of Aeronautics.

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