Harry Weinberg (1908–1990) was an American billionaire businessman who founded ''The Harry and Jeanette Weinberg Foundation, Inc.'', a private charitable foundation, with over $2 billion in assets in 2018 and headquartered in

Owings Mills Owings Mills is an unincorporated community and census-designated place in Baltimore County, Maryland, United States. It is a suburb of Baltimore. Per the 2020 census, the population was 35,674. Owings Mills is home to the northern terminus of ...

Maryland Maryland ( ) is a state in the Mid-Atlantic region of the United States. It shares borders with Virginia, West Virginia, and the District of Columbia to its south and west; Pennsylvania to its north; and Delaware and the Atlantic Ocean to ...

and

Honolulu Honolulu (; ) is the capital and largest city of the U.S. state of Hawaii, which is in the Pacific Ocean. It is an unincorporated county seat of the consolidated City and County of Honolulu, situated along the southeast coast of the island ...

Hawaii Hawaii ( ; haw, Hawaii or ) is a state in the Western United States, located in the Pacific Ocean about from the U.S. mainland. It is the only U.S. state outside North America, the only state that is an archipelago, and the only stat ...

. The foundation is named for Weinberg and his wife of 58 years, Jeanette Gutman Weinberg (1909–1989).

Biography

Weinberg was born in 1908 in Galicia, then part of the

Austro-Hungarian Empire Austria-Hungary, often referred to as the Austro-Hungarian Empire,, the Dual Monarchy, or Austria, was a constitutional monarchy and great power in Central Europe between 1867 and 1918. It was formed with the Austro-Hungarian Compromise of ...

. His father Joseph Weinberg came to

Baltimore Baltimore ( , locally: or ) is the List of municipalities in Maryland, most populous city in the U.S. state of Maryland, fourth most populous city in the Mid-Atlantic (United States), Mid-Atlantic, and List of United States cities by popula ...

in the US, and sent for his family in 1912. One of his earliest ventures was selling souvenirs for celebrations at the end of

World War I World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, the United States, and the Ottoman Empire, with fightin ...

. He dropped out of school at age 12 and worked in his father's car repair shop. During the

Great Depression The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagio ...

of the 1930s, he and his brother William would buy properties at depressed prices, fix them up, and resell them for a profit. Throughout his career he was known for being a keen judge of undervalued assets, and having the patience to wait for their values to increase. In

, he repeated this with the

Fifth Avenue Coach Company The Fifth Avenue Coach Company was a bus operator in Manhattan, The Bronx, Queens, and Westchester County, New York, providing public transit between 1896 and 1954 after which services were taken over by the New York City Omnibus Corporation. It ...

, in

Scranton, Pennsylvania Scranton is a city in the Commonwealth (U.S. state), Commonwealth of Pennsylvania, United States, and the county seat of Lackawanna County, Pennsylvania, Lackawanna County. With a population of 76,328 as of the 2020 United States census, 2020 U ...

and

Dallas, Texas Dallas () is the third largest city in Texas and the largest city in the Dallas–Fort Worth metroplex, the fourth-largest metropolitan area in the United States at 7.5 million people. It is the largest city in and seat of Dallas County w ...

. He started buying stock in the Honolulu Rapid Transit Company in 1955, eventually gained control, slashed costs, and then sold it at a profit to the

City & County of Honolulu Honolulu County (officially known as the City and County of Honolulu, formerly Oahu County) is a consolidated city–county in the U.S. state of Hawaii. The city–county includes both the city of Honolulu (the state's capital and largest city ...

(it is now known as TheBus) in 1971. In 1968 he moved to Hawaii where he died November 4, 1990. His investments included

Amfac, Inc. Amfac, Inc., formerly known as American Factors and originally H. Hackfeld and Company, was a land development company in Hawaii. Founded in 1849 as a retail and sugar business, it was considered one of the so-called Big Five (Hawaii), Big Five ...

Maui Land & Pineapple Company Maui Land & Pineapple Company, Inc. (ML&P, ) is a land holding and operating company founded in 1909 and based in Kapalua, Hawaii, United States. It owns approximately on the island of Maui. It develops, sells, and manages residential, resort, co ...

Alexander & Baldwin Alexander & Baldwin, Inc. is an American company that was once part of the Big Five companies in territorial Hawaii. The company currently operates businesses in real estate, land operations, and materials and construction. It was also the last ...

, and other real estate ventures. In 1932 he married Jeanette Gutman (1910–1989). In 1984, he had donated funds to air condition all of Israel's nursing homes. His wife having predeceased him, on his death in 1990, he was survived by son Morton Weinberg, and left $3 million to his grandchildren. His will left the remainder, almost

US$ The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...

1 billion of property, to the Harry and Jeanette Weinberg Foundation they had founded in 1959.

Foundation

The Harry and Jeanette Weinberg Foundation was originally established in 1959. Upon his death in 1990 he left $3 million to his grandchildren. His will left almost

1 billion of property to the foundation. Weinberg's will specified that 25 percent of annual distributions will go to Jewish charities and further specifies that the proceeds shall be used for the benefit of the poor, and bans gifts to music or arts institutions. The assets continued to grow in value, while large grants enabled entire buildings to be built, such as the Harry and Jeanette Weinberg Memorial Library at the

University of Scranton The University of Scranton is a private Jesuit university in Scranton, Pennsylvania. It was founded in 1888 by William O'Hara, the first Bishop of Scranton, as St. Thomas College. In 1938, the college was elevated to university status and took t ...

. Throughout Baltimore and the Hawaiian Islands, many major civic and private buildings and complexes were named after Harry and Jeanette Weinberg. Before his death in 1990, he had decreed that any building for which his charitable foundation gave more than $250,000 would have the couple's name on it somewhere...(Weinberg's) charter allows the foundation to contribute no more than 30 percent of a project's cost. By Kate Shatzkin One of the largest projects named in their honor was the Filipino Community Center in

Waipahu, Hawaii Waipahu () is a former sugarcane plantation town and now census-designated place (CDP) located in the Ewa District on the island of Oahu in the City & County of Honolulu, Hawaii, United States. As of the 2020 census, the CDP population was 43,4 ...

, dedicated by

Philippines President The president of the Philippines ( fil, Pangulo ng Pilipinas, sometimes referred to as ''Presidente ng Pilipinas'') is the head of state, head of government and chief executive of the Philippines. The president leads the executive branch of t ...

Gloria Macapagal Arroyo Maria Gloria Macaraeg Macapagal Arroyo (, born April 5, 1947), often referred to by her initials GMA, is a Filipino academic and politician serving as one of the Deputy Speaker of the House of Representatives of the Philippines, House Deputy Spe ...

and representatives of

President of the United States The president of the United States (POTUS) is the head of state and head of government of the United States of America. The president directs the executive branch of the federal government and is the commander-in-chief of the United Stat ...

George W. Bush George Walker Bush (born July 6, 1946) is an American politician who served as the 43rd president of the United States from 2001 to 2009. A member of the Republican Party, Bush family, and son of the 41st president George H. W. Bush, he ...

in 2002. The Filipino Community Center is one of the largest ethnic and cultural centers in the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

. Other projects include the

Ko Olina Resort Ko Olina Resort is a master-planned vacation and residential community on the leeward coast of Oahu, west of Honolulu. Ko Olina has of coastal frontage and includes three natural and four man-made lagoons with white-sand beaches. The master-p ...

, which asked for $75 million in tax credits. The Harry and Jeanette Weinberg Foundation is administered by a Board of Trustees that at times includes members of the Weinberg family. Members are usually professionals residing in Honolulu and Baltimore.

References

External links

Harry and Jeanette Weinberg Foundation
* {{DEFAULTSORT:Weinberg, Harry Foundations based in the United States Organizations established in 1959 Jewish American philanthropists American real estate businesspeople Deaths from multiple myeloma 1908 births 1990 deaths People from Sambir American people of Ukrainian-Jewish descent