Helene Fuld Health Trust


The Helene Fuld Health Trust is the largest charitable trust in the United States devoted exclusively to supporting student nurses and nursing education. The trust — which began as a foundation in 1935, but transferred its assets to the trust in 1969 — has provided grants, scholarships, and financial aid for the education, health, and welfare of student nurses.

History

The story of the Helene Fuld Health Trust has three parts: the Estate of Helene Fuld, who died in 1923, the Helene Fuld Health Foundation, which ran from 1935 to 1969, and the creation of the Helene Fuld Health Trust in 1969.

Estate

Helene Fuld, through probate proceedings following her death in 1923 '', devised $91,718 to her two children. Her husband, Bernhard Fuld, had already died. Her children, Leonhard Felix Fuld and Florentine Minnie Fuld, as devisees under her estate, shared the inheritance equally.

Foundation

In 1935, Leonhard Felix Fuld, LLM, PhD, and Florentine Minnie Fuld established the Helene Fuld Health Foundation, each contributing $5,000 in honor of their mother, Helene Fuld '', who had been a health care advocate and education.
The Helene Fuld Health Foundation assets grew – from $4.8 million in 1952 to more than $35 million in 1965. In 1961, Fuld — desirous that the foundation continue after his death or incapacity — structured a succession plan that would eventually transfer the assets to a charitable trust named the Helene Fuld Health Trust.
In 1950, the foundation's address was 8 Baldwin Avenue, Jersey City, New Jersey.

Charitable trust

Leonhard Fuld died in 1965. Four years later, in 1969, the Foundation was dissolved according to Fuld's instructions, and the foundation assets – around $25 million – were transferred into the Helene Fuld Health Trust that had been created in 1950. The trust, in 1969, was managed by Marine Midland Bank, of Buffalo, as sole trustee. Marine Midland, was acquired by HSBC Bank USA in 1980 and changed its name to HSBC Bank USA in 1999.

Helene Fuld Health Foundation benefactors

Leonhard Felix Fuld was born in Manhattan in 1883. Growing up, Leonhard attended Public School 57, Public School 83, and for high school, the Horace Mann School a Bachelor of Arts in 1903, a Master of Arts in 1904, a Bachelor of Laws in 1905, a Master of Laws in 1906, and a PhD in Sociology and Political Economy in 1909. He went on to become an editor, an Examiner for the New York State Civil Service Commission and police security analyst, but his lifelong passion was public health and sanitation. For much of Leonhard's life, he lived with his sister in Manhattan in a tenement at 130 East 110th Street, between Park and Lexington Avenues. He lived much of his life as a in 1878. She had been a primary school teacher. Florentine Minnie Fuld died in 1956 of malnutrition at the Hospital for Joint Diseases, to which her brother had given money. Before she died, she said that she had not left her house in 9 years.
Leonhard Fuld died in 1965 at the Helene Fuld Hospital in Trenton, now known as the Capital Health Regional Medical Center.

Selected executives

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