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Old 04-15-2017, 10:12 AM
 
1,705 posts, read 1,049,374 times
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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.
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Old 04-15-2017, 04:51 PM
 
1,705 posts, read 1,049,374 times
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Sorry, I meant that to read $2.6 billion.
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Old 04-16-2017, 03:57 PM
 
255 posts, read 235,082 times
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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.
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Old 04-16-2017, 05:58 PM
 
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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.
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Old 04-16-2017, 06:34 PM
 
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Quote:
Originally Posted by TechCom View Post
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.
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Old 04-17-2017, 11:25 AM
 
Location: Western PA
3,691 posts, read 5,157,866 times
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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.
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Old 05-12-2017, 11:25 AM
 
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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.
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Old 05-12-2017, 11:54 AM
 
Location: East End, Pittsburgh
968 posts, read 545,873 times
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That's an extra $33 million the city will benefit from every year, forever. And Dan Rooney's death got more publicity...
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Old 05-12-2017, 10:41 PM
gg
 
Location: Pittsburgh
19,786 posts, read 19,666,404 times
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Originally Posted by xdv8 View Post
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.
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Old 05-14-2017, 07:19 AM
 
3,984 posts, read 3,152,898 times
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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.
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