187:. Differences in business philosophy led to a partnership split. This prompted the creation the John Gund Brewery, and City Brewing was renamed for Heileman. His father, George Frederick Gund, was born in LaCrosse in 1856 and later managed the Gund Brewery. His father moved to Seattle, Washington, founded the Seattle Brewing and Malting Company, became a director of two banks, and then returned to the Midwest to move his family to Cleveland in 1897. His father bought the Jacob Mall Brewing Company, renamed it the Gund Brewing Company, and made a large fortune investing in banking, mining, and real estate.
304:($ 309,000,000 in 2023 dollars) in assets by 1960. Disbursement of funds to various causes left the George Gund Foundation with just $ 16.4 million ($ 161,100,000 in 2023 dollars) in assets by 1964. At Gund's death in November 1966, his estate was worth about $ 24.5 million ($ 230,700,000 in 2023 dollars) after the payment of debts and fees. The bulk of his estate went to the George Fund Foundation, whose assets rose to just over $ 40 million ($ 365,500,000 in 2023 dollars).
263:(a savings bank established in 1896), and was named president in 1941. He was made chairman of the board of trustees in 1962. Under Gund's leadership, by 1967 the bank had more than $ 2 billion in assets, making it the 18th largest bank in the United States. Gund also served on the board of directors of another 30 national and multinational corporations.
303:
church in
Cleveland. In 1952, Gund established The George Gund Foundation. He divided his $ 200 million ($ 1.83 billion in 2023 dollars) fortune into three trusts during his lifetime. The foundation ended 1953 with $ 166,878 ($ 1,900,000 in 2023 dollars) in assets, but grew to about $ 30 million
155:. Gund became a director of the bank in 1937 and president in 1941. He led the transformation of the institution into one of the largest banks in the United States. He retired as president in 1962, and was named chairman of the board of directors. A philanthropist for most of his life, he established
376:, Agnes addressed her father's personal life. "He didn't get married until he was 48 years old, Ms. Gund said, and there were whispers that he was gay. What Ms. Gund said she knew was that "he didn't like women so much, and I was one of those, so he didn't like me.' "
379:
On May 23, 1936, he married
Jessica Laidlaw Roesler (born June 21, 1903). She was the granddaughter of Henry Bedell Laidlaw, the founder of one of the first investment banking houses in New York City, Laidlaw & Company. Gund purchased a large home in
244:
in 1927 for $ 10 million in stock. Gund also took over management of the Gund Realty
Company in Cleveland and invested his money in numerous ventures. During the depths of the Great Depression, he purchased large amounts of stock at very low prices.
212:, and graduated in the school's first class in 1909. He moved to Seattle and took a job as a clerk with the Seattle First National Bank, but moved back to Cleveland when his father died in 1916. But when World War I broke out, he enlisted in the
1006:
Tax-Exempt
Foundations and Charitable Trusts: Their Impact on Our Economy. Seventh installment. Subcommittee Chairman's Report to Subcommittee No. 1. Select Committee on Small Business. United States House of Representatives. 91st Cong., 1st
266:
Gund was "extraordinarily conservative" when it came to business. Cleveland Trust dominated the city's investment capital decisions, and Gund strongly favored the provision of capital to heavy industry (like steelmaking) and oil refining.
416:. His personal effects, such as art, automobiles, books, clothing, jewelry, and pictures, were bequeathed to his children, however. His Western art collection was appraised at $ 301,445 ($ 2,800,000 in 2023 dollars).
350:
George Gund purchased a large cattle ranch in Nevada, and had a deep affection for the Old West. He used his income to collect a large number of works of art which depicted the
American West, including works by
518:
about Gund's $ 600 million fortune in a 1971 article. Robert A. Musson, a historian of the
Cleveland brewing scene, wrote in 2005 that Gund was worth $ 600 million at the time of his death. The magazine
150:
seized during World War I. He sold this business at significant profit, and invested widely in banking, insurance, and real estate. Among his investments were a large number of shares in the then-small
314:
A number of buildings and places are named for Gund, due to his philanthropic efforts. Among these are: George Gund Hall at
Harvard University Graduate School of Design, Gund Hall at
256:
from 1922 to 1923. He made many trips to
California and Nevada, often staying there for many months at a time, and became interested in a possible political career in Nevada.
533:
claim is contradicted by tax reports the foundation made to the U.S. federal government, which showed only about a $ 24 million donation after Gund's death.
307:
Gund served on the Board of
Overseers of Harvard University, was a trustee of Kenyon College, and was a member of the advisory lay board of directors of
890:
1518:
190:
George Gund Jr. (as he was then known) was born to George
Frederick and Anna Louise (Metzger) Gund on April 13, 1888. He was a student at the
1533:
315:
319:
17:
1229:
1508:
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even claimed that Gund gave $ 600 million to the George Gund Foundation in 1952. Musson's claim is contradicted by the findings of the
1488:
283:
Gund became a frequent giver of large charitable gifts beginning in 1937. During his lifetime, he was a generous contributor to the
1493:
465:. An award-winning architect and noted art collector, he has designed numerous important buildings and residences, including the
1483:
469:'s Sidney Harman Hall in Washington, D.C., and overseen numerous redevelopment projects, such as the refurbishment of historic
1513:
1498:
1362:
The Most Important Thing I Know About: Friendship, Family, Love, Faith, Kindness, Teaching, Success, Excellence, Leadership.
296:
175:(now part of Germany). The family emigrated to the United States in 1848 and settled in Illinois, but in 1854 moved to
147:
142:(April 13, 1888 – November 15, 1966) was an American banker, business executive, and real estate investor who lived in
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813:
788:
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664:
Papers from the Committee on the History of the Federal Reserve System. United States Federal Reserve System. 1954.
300:
229:
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557:
1339:
217:
487:
Louise Gund is a Tony Award-winning theater producer, environmentalist, women's activist, and philanthropist.
311:. He also served two terms on the Advisory Council of the Fourth Federal Reserve District in the mid-1950s.
474:
466:
184:
1171:
284:
272:
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240:, the company which manufactured decaffeinated coffee. Gund purchased Sanka in 1919, then sold it to
236:, a German corporation, was stripped of its assets in the United States. Among its subsidiaries was
916:
462:
553:
521:
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during his lifetime. He provided for no substantial monetary distribution to his children in his
308:
209:
360:
146:, in the United States. He inherited his father's fortune and used a portion of it to purchase
1035:
1409:
The Gund Collection of Western Art: A History and Pictorial Description of the American West.
438:
253:
1478:
1473:
561:
452:
176:
172:
53:
461:
is the founder and owner of Graham Gund Architects, an architectural design firm based in
8:
1382:
Forbes Richest People: The Forbes Annual Profile of the World's Wealthiest Men and Women.
427:
232:
in 1920, Gund was forced to close his father's brewery in Cleveland. But during the war,
200:
659:
1023:
510:
413:
368:
356:
339:
288:
213:
195:
859:
Nussbaum, John (March 1, 1967). "Three Forgeries Uncovered in Gund's Art Collection".
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in 1909. Toward the end of his Harvard education, he simultaneously enrolled in the
1011:
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March 15, 1992; "Mount Holyoke: A New Downtown Rises, With Help, From the Ashes."
1004:
168:
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778:
434:
419:
385:
381:
241:
143:
119:
72:
1199:
Decennial Record of the Class of 1898, Sheffield Scientific School, 1898 to 1908
1439:
Newtown, Pa.: Law School Admission Council/Law School Admission Services, 1987.
292:
1131:
1467:
1310:
Shattuck, Kathryn. "Norman Foster to Redesign Boston's Museum of Fine Arts."
481:
268:
1207:
549:
470:
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University of California, Berkeley: An Architectural Tour and Photographs.
458:
423:
397:
393:
131:
127:
1267:
Goldberger, Paul. "31 Prizes Are Given For Distinguished Architecture."
1230:
Yardley, William. "George Gund III, Owner of Sports Teams, Dies at 75."
233:
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448:
389:
373:
123:
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A number of sources claim Gund's fortune was actually $ 600 million.
409:
1430:
German-American Business Biographies: High Finance and Big Business.
1202:. New Haven, Conn.: Tuttle, Morehouse & Taylor Co. p. 50.
515:
331:
1052:
American Philanthropic Foundations: Regional Difference and Change
1002:
384:, a wealthy suburb of Cleveland, and the couple had six children:
1010:. Washington D.C.: U.S. Government Printing Office. p. 118.
783:. New Brunswick, N.J.: Rutgers University Press. pp. 60–61.
542:$ 18.9 million of Gund's estate consisted of stock. According to
526:
484:
in New York City and is president of The George Gund Foundation.
260:
152:
1293:
Richards, David. "Much Ado About Shakespeare in Washington."
408:
Gund distributed most of his fortune to his children through
237:
1055:. Bloomington, Ind.: Indiana University Press. p. 133.
1280:
Russell, John. "In Boston: From the Old World to the New."
780:
The Progressive City: Planning and Participation, 1969-1984
529:
court, which found an estate worth just $ 25 million. The
1367:
Bethell, John T.; Hunt, Richard M.; and Shenton, Robert.
441:
430:
660:
Committee on the History of the Federal Reserve System.
1156:
Raynor, Vivien. "Western Art on View at State Museum."
548:
newspaper, the largest holdings were $ 8.7 million of
917:"Agnes Gund, Art's Grande Dame, Still Has Work to Do"
167:
Gund's grandfather, Johann Gund, was born in 1830 in
1003:
Select Committee on Small Business (June 30, 1969).
1377:
Detroit, Mich.: American Library Association, 2004.
278:
1460:Bloomington, Ind.: Indiana University Press, 1987.
1049:Hammack, David C.; Smith, Stephen Rathgeb (2018).
1371:Cambridge, Mass.: Harvard University Press, 2004.
1465:
1451:Boys Grown Tall: A Story of American Initiative.
271:held little interest for him, and he considered
1375:The Big Book of Library Grant Money, 2004-2005.
970:"Foundation to Receive Bulk of Gund's Estate".
1418:New York: Princeton Architectural Press, 2002.
983:
981:
808:. New York: Simon and Schuster. p. 122.
316:Case Western Reserve University School of Law
1456:Van Tassel, David D. and Grabowski, John J.
1048:
889:Hershey, Robert D. Jr. (December 26, 1971).
806:Promises of Power: A Political Autobiography
655:
653:
651:
649:
647:
601:
599:
597:
455:in New York City. She stepped down in 2002.
320:Berkeley Art Museum and Pacific Film Archive
259:In 1937, Gund was elected a director of the
1432:Asheville, N.C.: Money Tree Imprints, 2001.
996:
941:
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937:
854:
852:
850:
848:
846:
1172:"Is Agnes Gund the Last Good Rich Person?"
978:
946:"Gund's Estate Nets Ohio a Mere $ 9,091".
1169:
914:
772:
770:
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338:on November 15, 1966. He was interred at
1453:Cleveland: Cleveland Plain Dealer, 1944.
1398:Fund Raiser's Guide to Private Fortunes.
934:
858:
843:
829:Fund Raiser's Guide to Private Fortunes,
760:
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637:
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583:
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1437:The Official Guide to U.S. Law Schools.
1425:Westport, Conn.: Greenwood Press, 1984.
1364:Kansas City, Mo.: Andrews McMeel, 2001.
1324:"Weddings: Sarah Gray, Geoffrey Gund."
965:
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291:, where he endowed two professorships;
107: 1936; died 1954)
14:
1519:American businesspeople in real estate
1466:
1458:The Encyclopedia of Cleveland History.
1421:Keele, Harold M. and Kiger, Joseph C.
1384:New York: John Wiley & Sons, 1997.
803:
776:
767:
1170:Bernstein, Jacob (November 3, 2018).
840:American Library Association, p. 588.
755:
626:
608:
578:
198:, where he was a business manager of
1534:20th-century American businesspeople
1195:
1112:Law School Admission Council, p. 94.
954:
726:
719:"George Gund, 78, Bank's Chairman."
708:
988:"Gund Leaves Millions to Charity".
24:
1103:Bethell, Hunt and Shelton, p. 291.
223:
171:in the independent country of the
25:
1545:
1509:American people of German descent
1411:Cleveland: Gund Collection, 1973.
1136:Encyclopedia of Cleveland History
684:Van Tassel and Grabowski, p. 445.
605:Van Tassel and Grabowski, p. 479.
1489:People from La Crosse, Wisconsin
1446:Charleston, S.C.: Arcadia, 2005.
992:. November 30, 1966. p. 11.
915:Colacello, Bob (December 2015).
878:. February 10, 1991. p. 39.
345:
279:Philanthropic work and memorials
230:prohibition in the United States
27:American businessman (1888–1966)
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1090:"Renamed to Advisory Council."
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974:. November 29, 1966. p. 2.
908:
882:
867:
834:
822:
797:
742:
558:Northern Life Insurance Company
536:
502:
104:
1494:Harvard Business School alumni
1435:Law School Admission Council.
1340:"Louise Gund Tony Awards Info"
874:"Gund Funds: Giving It Away".
699:
687:
678:
669:
473:. He is also a trustee of the
403:
218:Military Intelligence Division
194:from 1897 to 1905. He entered
192:University School of Cleveland
13:
1:
1484:Businesspeople from Cleveland
950:. August 18, 1967. p. 5.
705:Davis, p. 277; Musson, p. 59.
560:stock, and $ 1.05 million in
490:
480:Geoffrey Gund teaches at the
162:
1514:American business executives
1499:Deaths from leukemia in Ohio
1254:Vogel, Carol. "Inside Art."
1196:Aaso, Joseph Wright (1908).
1080:. April 10, 1966. p. 9.
18:George Gund (philanthropist)
7:
475:Museum of Fine Arts, Boston
467:Shakespeare Theatre Company
451:was named president of the
273:public-private partnerships
84:Businessman, philanthropost
10:
1550:
891:"Shadow of the Old School"
748:"Bank Elevates Officers."
318:, and Gund Theater at the
285:Cleveland Institute of Art
179:. There he partnered with
157:The George Gund Foundation
662:Biographical Master File.
556:stock, $ 1.15 million in
114:
88:
80:
61:
39:
32:
1524:American philanthropists
1076:"Top Funds Are Listed".
1016:2027/umn.31951d03558743o
764:Keele and Kiger, p. 155.
552:stock, $ 1.5 million in
463:Cambridge, Massachusetts
400:, Geoffrey, and Louise.
325:
1529:American art collectors
777:Clavel, Pierre (1986).
309:John Carroll University
261:Cleveland Trust Company
210:Harvard Business School
153:Cleveland Trust Company
94:Jessica Laidlaw Roesler
1414:Helfand, Harvey Zane.
990:Mansfield News-Journal
361:Charles Marion Russell
1444:Brewing in Cleveland.
1344:www.broadwayworld.com
804:Stokes, Carl (1973).
439:Minnesota North Stars
254:Iowa State University
1388:Foundation Reporter.
1236:Accessed 2013-01-21.
694:Foundation Reporter,
666:Accessed 2011-08-04.
453:Museum of Modern Art
330:George Gund died of
185:City Brewing Company
177:La Crosse, Wisconsin
173:Grand Duchy of Baden
54:La Crosse, Wisconsin
1428:Haller, Charles R.
1380:Davis, Jonathan T.
428:Cleveland Cavaliers
426:formerly owned the
228:After the start of
201:The Harvard Crimson
1442:Musson, Robert A.
1400:Washington, D.C.:
1220:Rutherford, p. 51.
1176:The New York Times
1094:December 24, 1953.
1034:has generic name (
895:The New York Times
723:November 16, 1966.
511:The New York Times
357:Frederic Remington
340:Lake View Cemetery
289:Harvard University
216:and served in the
214:United States Army
196:Harvard University
1449:Rutherford, Roy.
1360:Adrain, Loren A.
1271:January 17, 1981.
1234:January 21, 2013.
752:February 7, 1962.
297:Trinity Cathedral
204:and received his
181:Gottlieb Heileman
137:
136:
65:November 15, 1966
16:(Redirected from
1541:
1504:American bankers
1407:Gund, Geoffrey.
1390:Rockville, Md.:
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1078:The Plain Dealer
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587:"Gund-Roesler."
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554:Traveler's Corp.
545:The Plain Dealer
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353:Albert Bierstadt
336:Cleveland Clinic
250:animal husbandry
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1369:Harvard A to Z.
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1328:March 26, 2000.
1326:New York Times.
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1312:New York Times.
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1301:March 18, 1990.
1299:New York Times.
1295:New York Times.
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1284:March 14, 1982.
1282:New York Times.
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623:Haller, p. 216.
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435:San Jose Sharks
420:George Gund III
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144:Cleveland, Ohio
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1132:"Gund, George"
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369:New York Times
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342:in Cleveland.
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293:Kenyon College
280:
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169:Brühl am Rhein
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148:alien property
140:George Gund II
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69:(aged 78)
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50:April 13, 1888
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34:George Gund II
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67:(1966-11-15)
1479:1966 deaths
1474:1888 births
921:Vanity Fair
531:Vanity Fair
522:Vanity Fair
459:Graham Gund
424:Gordon Gund
404:Descendants
275:too risky.
1468:Categories
1402:Taft Group
1392:Taft Group
491:References
449:Agnes Gund
386:George III
374:Agnes Gund
234:Kaffee HAG
163:Early life
120:George III
46:1888-04-13
1024:cite book
572:Citations
550:Kellogg's
447:In 1991,
382:Beachwood
301:Episcopal
242:Kellogg's
159:in 1952.
1208:38062188
1181:June 15,
1142:June 22,
926:June 18,
900:June 18,
516:anecdote
332:leukemia
183:to form
115:Children
1404:, 1988.
1394:, 2002.
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496:Notes
390:Agnes
366:In a
326:Death
299:, an
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1183:2020
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