After the payment of all cash legacies, ten per cent of the entire residuary estate of Ludwig Vogelstein, president of the American Metal Company and leader of reformed Jewry, who died here on September 23, will be set aside for a charitable fund for educational, public and charitable purposes. The will, which was probated yesterday in Surrogate’s Court, disposes of more than $600,000 in cash bequests to relatives, friends and charitable institutions.
From this fund, Cornell University will receive $1,000 for the establishment of a Goethe Prize; the Charity Organizations Society of New York, $10,000; the Federation for the Support of Jewish Philanthropic Societies, fifteen per cent of the balance of the fund; the Union of American Hebrew Congregations of Cincinnati, ten per cent of the balance of the fund, and the New York Public Library, five per cent. Of the other seventy per cent, $100 is to be paid each year to the Jewish congregation of Stettin, Germany, and $50 a year to the Jewish congregation of Pilsen, Bohemia, after which the remainder is left in trust for charitable purposes by the Heinemann Vogelstein Foundation, care of the Center Hanover Bank and Trust Company.
SECRETARY GETS $25,000
Mr. Vogelstein’s secretary, Miss Anne McCann of 1 West Sixty-fourth street, received $25,000 outright and the income from $25,000 and all of her late employer’s business correspondence and papers. Two brothers, Dr. Herman Vogelstein, of Breslau, Germany, and Dr. Theodor Vogelstein, of London, and a sister, Dr. Julie Vogelstein, of Zehlendorf, Germany, receive life incomes of $150,000 each and one-third of the residuary estate. The sister is also the heir to all private correspondence and personal and household effects, from which the testator requests that two art objects be presented to the Metropolitan Museum of Art.
Hans A. Vogelstein, of 55 East Eighty-sixth street, a nephew, who with Ambrose Todd of 296 East Sixty-fourth street, is named executor, inherits $25,000. Several employees are remembered, the amount of these bequests being determined by their length of service.
Twenty relatives and friends receive a total of approximately $95,000 in various bequests. Mr. Vogelstein also set aside $10,000 to be kept in trust and to be used as a vacation fund for the employees of the American Metal Company and the United States Metal Refining Company.
The will, which was dated April 12, 1934, stated that Mr. Vogelstein had made a former will in which he had been able to provide amply for both family funds and charitable institutions, but because investment conditions had changed and since he had given generously to welfare and charitable institutions in the past, he now felt that he must take care of his family.
Attorneys for the estate are Reevers, Todd, Ely and Beaty of 1 Cedar street.
Mr. Vogelstein, who died of pneumonia, was an outstanding figure in Jewish activities in the United States. At the time of his death, he was a trustee and chairman of the finance committee of Temple Emanu-El. He was chairman of the executive committee of the Union of American Hebrew Congregations, and was interested in the Hebrew Union College. He had been chairman of the finance committee of the Federation for the Support of Jewish Philanthropic Societies. During his lifetime, he contributed generously to Jewish charitable and educational institutions.