127:$ 900 million. Upon Weinberg's death, he named Bernard Siegel, his closest associate during the 1970s and 1980s, as the foundation's first president. His wife Jeanette has died in 1989. In 1990, it was the largest foundation in Maryland and the eleventh largest in the United States. The foundation's charter stipulated that 25% of the foundation's donations go to Jewish organizations, 25% to "non-Jewish" organizations, and 50% to organizations that don't serve any particular "color, creed or race." Because Harry Weinberg wanted the foundation to strictly benefit the poor, the charter prohibited donations to universities, colleges, orchestras, and museums. According to the foundation's attorney, Shale D. Stiller, Weinberg "never forgot where he came from...his immigrant family background and the fact that he had nothing as a child...That's why the foundation is directed only at poor people."
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Harry
Weinberg, a real estate and transit businessman in Baltimore and Honolulu, established the foundation in 1959. Weinberg was responsible for all foundation decisions regarding grants. When he died in 1990, he bequeathed almost all of his wealth, bringing the foundation's assets to approximately
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By 2018, the foundation was one of the 20 largest foundations in the United States, distributing more than $ 100 million per year from more than $ 2.5 billion in assets.
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