Trustees will honor John Herzog for his legacy of giving at a reception on May 17
By Museum of American Finance …..
Wall Street veteran John E. Herzog has announced a final $5 million gift to the Museum of American Finance, the New York institution he founded more than 25 years ago. Herzog established the Museum in response to the Crash of ’87 and has been the institution’s largest donor ever since.
Herzog’s most recent gift, which he announced to the Museum’s Board of Trustees on his 80th birthday, represents the sum he had earmarked for the institution in his will. His gift echoes the advice of Andrew Carnegie, who advocated philanthropy within one’s lifetime.
“We are extraordinarily grateful to John for his support of the Museum over nearly three decades,” said Chairman Richard Sylla. “However, like any non-profit institution, the Museum’s future depends on a broad commitment from a variety of donors, members and constituents.”
In addition to increasing the size and stature of its Board, the Museum has also engaged new audiences through enhancements to its educational and programmatic offerings. Many of its educational initiatives now focus on promoting personal financial literacy, which is lacking in both children and adults across nearly every segment of the population.
The Museum is always seeking increased participation from financial firms – both as donors and as programmatic partners – while serving as a neutral public forum for addressing topical financial issues and events. In the past two years, the Museum has presented more than 50 programs on a wide variety of current – and often forward-looking – topics, ranging from Bitcoin to IPOs to electronic trading.
The Museum’s Trustees will host a reception to honor Herzog for his visionary gift on Tuesday, May 17, from 6:00 – 8:00 pm. The event will mark a symbolic moment in the Museum’s history, as its founder entrusts responsibility for the institution to the next generation of leaders and supporters.
About the Museum of American Finance
The Museum of American Finance, an affiliate of the Smithsonian Institution, is the nation’s only independent museum dedicated to finance, entrepreneurship and the open market system. With its extensive collection of financial documents and objects, its seminars and educational programming, its publication and oral history program, the Museum portrays the breadth and richness of American financial experience, achievement and practices. The Museum is located at 48 Wall Street.For more information, visit www.moaf.org or connect with the Museum on Facebook, Twitter or Instagram @FinanceMuseum.
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