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Wollman Foundation Gives $1,000,000 to N. Y. University Medical Center

December 8, 1960
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A gift of $1,000,000 was announced here today, for the establishment of a children’s pavilion at the New York University Medical Center, by the William J. Wollman Foundation, a philanthropic fund named after the late Jewish broker and banker.

Since the creation of the Foundation in 1955, honoring the memory of Mr. Wollman, who died in 1937, more than $7,500,000 has been dispensed by the fund to 120 charitable, educational and welfare bodies, according to an announcement by Achilles H. Kohn, president of the Foundation. The $1,000,000 gift to the NYU Medical Center “substantially exhausts” the Foundation’s assets, Mr. Kohn said.

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