394:
296:, a chain that operated seven department stores in six states. The company expanded throughout the East Coast over the next 20 years. When asked much later about his negative experiences during the Depression, Greenfield replied, "It wasn't too bad. I've always treated both success and failure as imposters. I like making money, but I can get along without it. I never worried about having it because I knew I could always make more."
503:, Philadelphia. He was survived by his third wife, the former Elizabeth Hallstrom, as well as five children (two sons and three daughters) from his first marriage, 21 grandchildren and two great-grandchildren. The Sugar Loaf estate remained in the hands of the Greenfield Foundation as its headquarters, and as the Albert M. Greenfield Conference Center of
288:(BSC) for general investment banking and trading in securities, which eventually became the parent company for virtually all of Greenfield's financial interests. But a run on his bank forced the closing of Bankers Trust on December 22, 1930, and ended Greenfield's career as a banker, leaving him millions in debt. But in the depth of the
419:
to provide grants to a variety of local
Philadelphia institutions. The Foundation has supported the Albert Monroe Greenfield Memorial Lecture in Human Relations, an annual event at the University of Pennsylvania held under the terms of the endowment of the Greenfield Professorship of Human Relations.
255:
In May 1905, Greenfield opened his own real estate firm at 218 South 4th Street, with $ 500 that his mother borrowed for him from her brother. Within seven years
Greenfield was earning $ 60,000 a year; by 1917, his personal wealth had increased to $ 15 million. During the 1920s he largely rebuilt the
283:
In late 1926 he bought a controlling interest in a small West
Philadelphia bank and, through a series of acquisitions, built it over the next four years into Bankers Trust Company, Philadelphia's tenth largest bank, with $ 50 million in deposits. In May 1928, Greenfield formed the
446:
has hosted the Albert M. Greenfield
Intercultural Center. Its original mission was "to provide support for student of color and to foster intercultural understanding on campus". Over the years the center has maintained this mission while expanding its programs.
279:
market, the firm was renamed
Bankers Bond & Mortgage Company of America. By 1930 his real estate concern, known as Albert M. Greenfield & Co. since 1911, was the largest real estate company in the U.S. and Greenfield sought to become a commercial banker.
251:
where Jacob
Greenfield ironed shirts in a factory and operated a grocery in the family's home. Albert left high school at age 14 to become a clerk for a prominent local real estate lawyer. In this position, Greenfield found his calling as a real estate broker.
352:
Greenfield's reputation for producing results placed him in high demand. He was involved or interested in almost everything, becoming known in his time as "Mr. Philadelphia". At one point in the 1940s, he sat on 43 boards. A few significant ones included the
275:. By the early 1920s he controlled 27 building and loan associations. In 1924, Greenfield and his father-in-law Sol C. Kraus formed Bankers Bond & Mortgage Company to handle first mortgages on real estate in Philadelphia. After expanding to the
332:. In 1951 he played a major role in the defeat of Philadelphia's long-entrenched Republican machine. As chairman of Philadelphia's City Planning Commission under Mayor Richardson Dilworth (1956–58), he laid the foundation for the development of
206:
network of department stores, banks, finance companies, hotels, newspapers, transportation companies, and the Loft Candy
Corporation. His high-rise office buildings and hotels were instrumental in changing the face of
215:, United States, his base of operations. He formed business relationships across religious, ethnic and social lines and played a major role in reforming politics in Philadelphia as well as at the national level.
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for creation of the Albert M. Greenfield Center for Human
Relations, the nation's first institution specifically designed to train students to promote interfaith and interracial relations.
466:. He was the first Jew in the United States to receive such an honor. In 2016, the Pennsylvania Historical and Museum Commission placed a marker honoring Greenfield near the corner of
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as a unique upper-middle-class enclave capable of luring suburbanites back to downtown. Because of his political activism, in 1948 Philadelphia hosted both the
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face of downtown
Philadelphia, creating numerous landmark office buildings and hotels, including what was then the world's largest hotel, the
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474:, noting that Greenfield "supported equality for African Americans and received a papal award for promoting Catholic/Jewish harmony."
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292:, he refused to seek bankruptcy protection and instead reinvented himself as a retailing magnate, gaining control of the insolvent
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Finding Aid to the Albert M. Greenfield Papers, The
Historical Society of Pennsylvania, Collection 1959 (accessed August 29, 2008)
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The professorship was established in 1972. In 1992, the Foundation endowed The Albert M. Greenfield Student Competition, The
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458:, and the Catholic Interracial Council. For his philanthropic work, he was bestowed with the rank of Commander of the
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202:(August 4, 1887 – January 5, 1967) was a real estate broker and developer who built his company into a vast
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His philanthropic endeavors transcended religious and racial lines. He was praised for his work by the
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999:, including correspondence, news clippings and office files, are available for research use at the
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815:"Grant Highlights: Children's Hospital of Philadelphia Center for Fetal Diagnosis and Treatment"
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789:"Grant Highlights: The Academy of Natural Sciences Albert M. Greenfield Digital Imaging Center"
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Real estate broker and developer, banker, investor, board director, trustee, philanthropist
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University of Pennsylvania, Jerry Lee Center of Criminology website (accessed Sep 1, 2008)
424:, to recognize extraordinary young musical talent in the Greater Delaware Valley region.
435:, and the digital and print Albert M. Greenfield Center for 20th-Century History at the
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The alliances created through his growing real estate business led to investments in
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Jewish birth, Business and Industry, Government and Politics 20th Century, Religion
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The foundation has funded the Albert M. Greenfield Digital Imaging Center at The
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The Outsider: Albert M. Greenfield and the Fall of the Protestant Establishment
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Pennsylvania Historic and Museum Commission sign honoring Greenfield on
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supporter until his death. He enjoyed a close relationship with many
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Greenfield died on January 5, 1967, at his estate, "Sugar Loaf", in
232:
507:, until 2006 when the entire property was sold for $ 11 million to
888:"Albert M. Greenfield Dies at 79; Built Realty and Store Empire".
392:
362:
768:"Philadelphia Orchestra Albert M. Greenfield Student Competition"
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Philadelphia Gentlemen: The Making of a National Upper Class
477:
The Albert M. Greenfield Library is one of two libraries at
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Serody) in Lozovata, a village in what is now south-central
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In the early 1950s, Greenfield donated $ 1 million to the
231:
family in 1887 to trader Jacob Gruenfeld and wife Esther (
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The Albert M. Greenfield Elementary School, part of the
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Emigrants from the Russian Empire to the United States
841:"Albert M. Greenfield Center for 20th-Century History"
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People associated with the Philadelphia Museum of Art
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817:. The Albert M. Greenfield Foundation. Archived from
791:. The Albert M. Greenfield Foundation. Archived from
712:. The Albert M. Greenfield Foundation. Archived from
595:. The Albert M. Greenfield Foundation. Archived from
843:. Historical Society of Pennsylvania. Archived from
369:, the Greater Philadelphia Chamber of Commerce, the
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533:"Albert M. Greenfield, Financier, Is Dead at 79".
377:, the American Jewish Tercentenary Committee, the
304:In 1917, Greenfield was elected to a seat on the
496:streets in Philadelphia, is named in his honor.
431:, the Center for Fetal Diagnosis and Treatment,
312:, he switched parties with the advent of the
247:) moved in 1896 to Philadelphia, settling in
8:
1026:American people of Ukrainian-Jewish descent
903:"Chestnut Hill College buying Sugar Loaf,"
868:"Albert M. Greenfield Intercultural Center"
528:
526:
524:
454:, the World Brotherhood Organization, the
452:National Conference of Christians and Jews
385:, and the Federation of Jewish Charities.
375:National Conference of Christians and Jews
29:
18:
547:Dan Rottenberg, The Outsider, p. xi-xiii.
429:Academy of Natural Sciences, Philadelphia
921:. Chestnut Hill College. Archived from
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243:in 1892, he and his family (with names
1046:American businesspeople in real estate
1056:20th-century American philanthropists
907:, Apr 14, 2006 (accessed Sep 1, 2008)
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1061:20th-century American businesspeople
1001:Historical Society of Pennsylvania.
986:Albert M. Greenfield & Co., Inc.
308:and served until 1920. Originally a
991:The Albert M. Greenfield Foundation
569:Rottenberg, The Outsider, p. 17-21.
433:Children's Hospital of Philadelphia
417:The Albert M. Greenfield Foundation
359:Philadelphia Transportation Company
437:Historical Society of Pennsylvania
355:Philadelphia Rapid Transit Company
219:Early life and business activities
14:
1041:Businesspeople from Philadelphia
117:Albert M. Greenfield (1887-1967)
490:School District of Philadelphia
383:Albert Einstein Medical Center
316:in 1933 and remained a strong
286:Bankers Securities Corporation
269:building and loan associations
107:Pennsylvania Historical Marker
1:
905:Philadelphia Business Journal
535:Philadelphia Evening Bulletin
485:in Center City Philadelphia.
1036:Jews from the Russian Empire
866:University of Pennsylvania.
997:Albert M. Greenfield Papers
952:, (Transaction Publishers)
753:September 15, 2007, at the
379:Sesquicentennial Exposition
306:Philadelphia Common Council
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967:(Temple University Press)
948:Baltzell, E. Digby (1989)
479:The University of the Arts
444:University of Pennsylvania
410:University of Pennsylvania
472:Center City, Philadelphia
403:Center City, Philadelphia
193:
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100:
28:
963:Rottenberg, Dan (2014),
415:In 1953, he established
200:Albert Monroe Greenfield
23:Albert Monroe Greenfield
593:"A Philadelphia Legend"
470:and Juniper Streets in
389:Philanthropy and legacy
265:motion picture theaters
422:Philadelphia Orchestra
405:
239:. After emigrating to
509:Chestnut Hill College
396:
225:Avrum Moishe Grunfeld
173:39.94931°N 75.16294°W
42:Avrum Moishe Grunfeld
371:Urban Land Institute
223:Greenfield was born
16:American businessman
925:on 18 February 2015
821:on 12 December 2013
344:party conventions.
294:City Stores Company
178:39.94931; -75.16294
169: /
50:Podolia Governorate
892:. January 6, 1967.
710:"Mr. Philadelphia"
537:. January 5, 1967.
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273:mortgage financing
249:South Philadelphia
973:978-1-4399-0841-9
958:978-0-88738-789-0
847:on 14 August 2012
716:on 30 August 2011
599:on 30 August 2011
505:Temple University
361:(predecessors of
348:Board memberships
258:Benjamin Franklin
197:
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149:1315 Walnut St.,
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357:and successor
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658:The Outsider,
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632:The Outsider,
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964:
949:
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923:the original
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845:the original
835:
823:. Retrieved
819:the original
809:
797:. Retrieved
793:the original
783:
771:. Retrieved
762:
743:
736:The Outsider
735:
734:Rottenberg,
730:
718:. Retrieved
714:the original
704:
697:The Outsider
696:
695:Rottenberg,
691:
684:The Outsider
683:
682:Rottenberg,
678:
671:The Outsider
670:
669:Rottenberg,
665:
657:
656:Rottenberg,
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645:The Outsider
644:
643:Rottenberg,
639:
631:
630:Rottenberg,
626:
619:The Outsider
618:
617:Rottenberg,
613:
601:. Retrieved
597:the original
587:
580:The Outsider
579:
578:Rottenberg,
574:
565:
558:The Outsider
557:
556:Rottenberg,
552:
543:
534:
498:
487:
483:Broad Street
476:
456:Urban League
449:
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351:
334:Society Hill
303:
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224:
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213:Pennsylvania
209:Philadelphia
199:
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151:Philadelphia
85:Pennsylvania
81:Philadelphia
75:(1967-01-05)
1021:1967 deaths
1016:1887 births
260:, in 1925.
176: /
56:(currently
1010:Categories
873:October 4,
515:References
342:Democratic
338:Republican
322:Presidents
318:Democratic
310:Republican
245:anglicized
204:East Coast
164:75°09′47″W
161:39°56′58″N
138:Designated
48:Lozovata,
851:23 August
825:23 August
799:23 August
738:, p. 212.
660:p.28, 35.
929:21 April
773:21 April
751:Archived
720:21 April
647:, p. 53.
621:, p. 27.
603:21 April
582:, 21-24.
494:Chestnut
462:by Pope
340:and the
314:New Deal
300:Politics
146:Location
130:Criteria
560:, p. 13
464:Pius XI
237:Ukraine
62:Ukraine
971:
956:
673:, p. 4
468:Walnut
373:, the
271:, and
229:Jewish
634:p.28.
481:, on
363:SEPTA
324:from
227:to a
995:The
969:ISBN
954:ISBN
931:2012
875:2019
853:2012
827:2012
801:2012
775:2012
722:2012
605:2012
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122:Type
70:Died
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401:in
365:),
328:to
233:née
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64:)
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