NEW YORK (Nov. 4)
Gustave Lehmann Levy, head of the international investment banking firm of Goldman, Sachs & Co., and a leading philanthropist and fund-raiser for Jewish and non-Jewish causes, died yesterday at the age of 66.
Levy, who was one of the most powerful men on Wall Street, was a heavy contributor and fundraiser for the Federation of Jewish Philanthropies of New York and the United Jewish Appeal. He was president of the Federation three times and at the time of his death was associate chairman of the board. He was also a treasurer and trustee of the UJA of Greater New York.
Levy was also treasurer of the International Synagogue at Kennedy Airport and was chairman of Mount Sinai Hospital in Manhattan as well as Mount Sinai Medical Center and the Mount Sinai School of Medicine. When Levy first came to New York from New Orleans in 1927 he lived at the Federation-sponsored 92nd Street YMHA. He left the Y owing it $2, but later made a substantial donation to it. “They gave me friendship and confidence in myself at a time when I needed it badly,” he said.