Late Jules E. Mastbaum Bequeathed Funds for Various Charities in Will

(Jewish Daily Bulletin)

Jules E. Mastbaum, distinguished Jewish philanthropist, who died last Tuesday, left an estate valued from $5,000,000 to $20,000,000, according to his will probated yesterday.

After generous bequests to charity, Mr. Mastbaum leaves the remainder of his estate to his wife and three daughters.

The will makes it possible for Mr. Mastbaum’s business associates to acquire his holdings in the various enterprises.

It also makes provision for the completion of the Rodin Museum which he presented as a gift to the city to house his collection of the famous sculptor.

“During my life,” said Mr. Mastbaum in his will, “I have provided for the receipt upon my death of the sum of $100,000 by the Federated Loan Society of Philadelphia and of $100,000 by the Federation of Jewish Charities of Philadelphia, for which reason I make ###o charitable provisions, herein, assuming that those who come after me will perform their duty in this regard.”

The provision for the Federated Loan Society which Mr. Mastbaum founded, and the Federation of Jewish Charities, come out of Mr. Mastoaum’s $2,000,000 Insurance policy.

Of this insurance, $1,000,000 goes to the Stanley Company of America, $500,000 to the real estate firm of Mastbaum Brothers and Fleisher. The residue of the insurance goes to the estate.

The will bequeaths $100,000 to his mother, Mrs. Fannie Mastbaum.

The Jewish community of Winthrop, Mass., dedicated its new $125,000 Community Building and Hebrew School by a parade and banquet. Many out-of-town guests were present.

Buffalo Jewry opened its drive for $171,303, of which $33,000 goes for Foreign. Relief, and the remainder for the needs of the local Jewish Federation of Charities. The sum of $90,238 was subscribed at the first dinner of the drive, held in Hotel Statler. More than 500 attended.