Search JTA's historical archive dating back to 1923

Sixteen Institutions Will Share in Bequests Left by R. M. Isaacs

December 26, 1934
See Original Daily Bulletin From This Date
Advertisement

Eight Jewish and a like number of non-Jewish charities are today looking forward to receiving generous portions of a $1,250,000 inheritance left by a Jewish millionaire who lived and died unknown to the public at large.

The sixteen charitable institutions are the beneficiaries named in the will, filed Monday in Queens Surrogate’s Court, of Reuben M. Isaacs, a retired clothing manufacturer, who died here on December 13 at the age of 54.

His death unmarked by the press, since all his life Mr. Isaacs shunned publicity, his will alone provided a sensational climax to a life passed in simplicity and acts of philanthropy which he was at great pains to keep secret.

The eight Jewish charities, many of which are thought to have benefitted by sizeable gifts during his lifetime, which will benefit by the will are the following:

WILL SHARE $875,000

The Federation for the Support of Jewish Philanthropic Societies —15 per cent; Brooklyn Federation of Jewish Charities—15 per cent.; New York Guild for the Jewish Blind— 4 per cent; Hebrew National Orphan Home—4 per cent.; Young Men’s Hebrew Association of Borough Park—3 per cent.; Camp Sussex, Inc., Brooklyn—3 per cent.; United Jewish Aid Society—3 per cent.; and Harlem Home of the Daughters of Israel—3 per cent.

These institutions, together with eight Catholic and Protestant charities, will share immediately a cash sum of $875,000. By the terms of the will, fifty per cent, of the sum goes to Jewish organizations, with the remainder divided up among the Catholic and Protestant institutions.

The cash bequest to the charities includes a $250,000 trust fund which was established in a document dated March 28, 1930.

In addition to the sume left to charity, Mr. Isaacs provided in his will for fifteen individuals, relatives and one former employe, $25,000 trust funds for each.

Recommended from JTA

Advertisement