Richard Menschel (born c. 1935) is an American investment banker, art collector and philanthropist. He is a (retired) senior director of

Goldman Sachs Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, H ...

. Through the Charina Endowment Fund and the Charina Foundation, he supports art museums, schools and health charities. He won the 2015

Carnegie Medal of Philanthropy The Carnegie Medal of Philanthropy is a private award for philanthropy, bestowed every second year to multiple people by the Carnegie family of institutions. In recent years the medal has been presented in New York. About the Medal The Carnegie M ...

Early life

Richard Menschel was born circa 1935. His father, Benjamin Menschel, was a real estate investor. He has a brother,

Robert Menschel Robert B. Menschel (1930-2022) was an American investment banker and philanthropist. He had a 50 year relationship with Goldman Sachs as a Partner or Senior Director. The author of a financial book, and the winner of the 2015 Carnegie Medal of Ph ...

, who also works for Goldman Sachs. Menschel was educated at the Bronx High School of Science. He graduated from

Syracuse University Syracuse University (informally 'Cuse or SU) is a Private university, private research university in Syracuse, New York. Established in 1870 with roots in the Methodist Episcopal Church, the university has been nonsectarian since 1920. Locate ...

, and he earned a master in business administration from the

Harvard Business School Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA p ...

in 1959. He was a lieutenant in the United States Air Force.

Business career

Menschel worked at

for 25 years. He was a partner by the mid-1970s, and served on its management committee. He retired as senior director in 1988. When Goldman Sachs became a public company in 1999, Menschel earned $20 million in shares. Menschel also served on the board of directors of

T. Rowe Price T. Rowe Price Group, Inc. is an American publicly owned global investment management firm that offers funds, subadvisory services, separate account management, and retirement plans and services for individuals, institutions, and financial inter ...

Philanthropy and political activity

Menschel was the managing director of the Horace W. Goldsmith Foundation, which became the Charina Endowment Fund in 1992. Through the Charina Endowment Fund, he has donated over $13 million. With his wife, Menschel also donates $1 million via the Charina Foundation. He has supported art museums like the Museum of Modern Art, the Jewish Museum and the Neue Galerie New York, and schools like

Rockefeller University The Rockefeller University is a private biomedical research and graduate-only university in New York City, New York. It focuses primarily on the biological and medical sciences and provides doctoral and postdoctoral education. It is classif ...

and the New York Law School. He also endowed the Horace W. Goldsmith Fellowship at the Harvard Business School and donated to the HBS Social Enterprise Initiative. He was the chairman of

Hospital for Special Surgery Hospital for Special Surgery (HSS) is a hospital in New York City that specializes in orthopedic surgery and the treatment of rheumatologic conditions. Founded in 1863 by James Knight, HSS is the oldest orthopedic hospital in the United State ...

, and he has donated to Memorial Sloan Kettering Cancer Center and the NewYork–Presbyterian Hospital. He is a vice president of the board of trustees of the

Morgan Library & Museum The Morgan Library & Museum, formerly the Pierpont Morgan Library, is a museum and research library in the Murray Hill neighborhood of Manhattan in New York City. It is situated at 225 Madison Avenue, between 36th Street to the south and 37th S ...

. He was appointed to the New York City Panel for Educational Policy by mayor

Michael Bloomberg Michael Rubens Bloomberg (born February 14, 1942) is an American businessman, politician, philanthropist, and author. He is the majority owner, co-founder and CEO of Bloomberg L.P. He was Mayor of New York City from 2002 to 2013, and was a ca ...

in 2002. With his brother Robert, Menschel received the

in 2015.

Personal life

Menschel married Ronay Arlt, then an assistant to Congressman Ed Koch and now the chairman of

Phipps Houses Phipps may refer to: *Phipps (surname) *Phipps, Wisconsin, an unincorporated community *Phipps Bridge tram stop, a halt on the Tramlink service in the London Borough of Merton *Phipps Conservatory and Botanical Gardens, buildings and grounds set in ...

. Their wedding was held at Menshel's mother's house, presided over by Rabbi Ronald B. Sobel of the Temple Emanu-El of New York. They have three daughters. Menschel is also an art collector.

References

{{DEFAULTSORT:Menschel, Richard Living people 1930s births Businesspeople from New York City Military personnel from New York City Syracuse University alumni Harvard Business School alumni American investment bankers Goldman Sachs people Philanthropists from New York (state) American art collectors New York (state) Democrats Menschel family