For every celebration and tragedy Simon Guggenheim and his family went through, he used his wealth to benefit the world as a result. When he was married to his wife Olga Hirsch, they provided a Thanksgiving dinner for 5,000 poor children in Manhattan. When they had the birth of their first child, this celebration came with an $80,000 donation to the Colorado School of Mines, resulting in a building named after them, Guggenheim Hall. The same son would die before getting to college, and so in his honor they created the John Simon Guggenheim Memorial Foundation, which offered 50 fellowships for international study. The Foundation still lives strong today, as it has given over 15,000 fellowships. Guggenheim continued to help those around him even without a cause before it, such as when in 1909 he donated a law building to the University of Colorado.
Creator
Pacific Monthly
Date
1908
Source
A black and white photo of Simon Guggenheim, an American philanthropist and businessman.
Source Simon Guggenheim. (2012, September 1). In Wikipedia, The Free Encyclopedia. Retrieved November 1, 2012, from http://bit.ly/ToBy49