RIP Henry Hillman (Pittsburgh, Carnegie, Millvale: live, shop, estate)

[krogerDisco]

Great philanthropist for Pittsburgh.

Henry Hillman | Billionaire financier avoided spotlight but was one of the city

I hope he left his $2.6 to the Hillman Foundation and it continues to benefit Pittsburgh. I wish people like Carnegie and Frick had focused more of their wealth on Pittsburgh.

[krogerDisco]

Sorry, I meant that to read $2.6 billion.

[TechCom]

I hope it all went to his kids so they can blow it and stimulate the world economy. Giving it to a bloated Pittsburgh organization means it will just sit in a trust.

[mountainlove]

RIP Mr. Hillman. His generous legacy in supporting our resident-led sustainability work in Millvale over the past three years has been remarkable. Thank you.

[krogerDisco]

Originally Posted by TechCom

I hope it all went to his kids so they can blow it and stimulate the world economy. Giving it to a bloated Pittsburgh organization means it will just sit in a trust.

No, that money represents investments. Better to keep the money invested and spend the interest earned so the money exists in perpetuity. In that way the Hillman's helped the Pittsburgh symphony, CMU, Children's Hospital, Pitt through the Hillman Cancer Center, and various museums. Better to spend the money earned from the investments than use up the capital.

[Geeo]

The Hillmans have done more for this city than just about any local family in the 20th century. They never forgot their Pittsburgh roots and Elsie could often be seen at the Shadyside Giant Eagle doing her grocery shopping. They were in the strata where they had so much they didn't have to show it. Both were very approachable and could make things happen by getting people together to work on a civic problem and find a solution. Henry was more behind the scenes, and Elsie was out in front with her own causes, including building coalitions between Democrats and Republicans, when there were moderate Republicans.

If you look at the website for the Hillman Foundation, you'll see that each member of the family has their own foundation, so everyone is pretty involved in philanthropy.

[krogerDisco]

Ok, the foundations will get a $800 million boost. Most of it to benefit Pittsburgh.

Hillman Family Foundations to receive $800M from late philanthropist's estate | TribLIVE

That's good news. I hope some of it will support the cultural institutions like the symphony, museums, etc.

[xdv8]

That's an extra $33 million the city will benefit from every year, forever. And Dan Rooney's death got more publicity...

[gg]

Originally Posted by xdv8

That's an extra $33 million the city will benefit from every year, forever. And Dan Rooney's death got more publicity...

Very good point. Kind of sad really. This man did WAY more than Rooney could dream of doing to be honest. It is what it is.

[szug-bot]

thanks for this thread.

its not always nor only sports figures that should be revered at times.

and, these gifts from them are sort of 'invisible' - having a positive effect on people's lives, but without evidence of where they came from. we need to be reminded at times.... it's not like Hillman had $500 a plate dinners in his honor for charitable legacies. he would never make it in local politics here.