Guinzburg Memorial Fund to Aid Federation Workers

A $100,000 personal welfare fund, to be known as the Henry A. Guinzburg Memorial Fund, was created by the family of the late Col. Henry Aaron Guinzburg, merchant and philanthropist, who died November 16, 1928. Announcement of the creation of the fund was made by the New York Federation for the Support of Jewish Philanthropic Societies, of which the late Mr. Gunizburg was treasurer, on the occasion of the seventy-third anniversary of his birth.

The gift was made by Mrs. Leone K. Guinzburg, widow of the philanthropist; Harold K. Guinzburg, his son, and Mrs. Lenore G. Marshall, his daughter, who were prompted by a “desire to establish a fund that would be pleasing” to Col. Guinzburg. As treasurer of the Federation from 1920 to 1928, Col. Guinzburg disbursed more than $32,000,000, and his duties brought him in almost daily contact with the employees of the Federation. “During his lifetime,” the announcement points out, “he was interested in the Federation and personally interested in the welfare of the Federation staff, many of whom were his friends.”

By the terms of the fund. Dr. Solomon Lowenstein, executive director of the Federation, acting for the board of trustees of the organization, is empowered to employ the income of the trust fund for pensions, relief, loans or gifts to employes who for six months or more previous to the grant have been employes of the federation or of any charitable, philanthropic or educational institution affiliated with it.

The terms of the trust fund provide that no loan to an employe shall exceed the sum of $2,500. The Federation is authorized to receive contributions in trust from other donors who desire to add to the Guinzburg Memorial Fund.