Richard Menschel

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Richard Menschel
Bornc. 1935 (age 87–88)
Education Bronx High School of Science
Alma mater Syracuse University
Harvard Business School
Occupation(s)Investment banker, art collector, philanthropist
SpouseRonay Arlt
Children3 daughters
Relatives Robert Menschel (brother)
Paul Theodore Arlt (father-in-law)
E. W. Priestap (son-in-law)

Richard Menschel (born c. 1935) is an American investment banker, art collector and philanthropist. He is a (retired) senior director of Goldman Sachs. Through the Charina Endowment Fund and the Charina Foundation, he supports art museums, schools and health charities. He won the 2015 Carnegie Medal of Philanthropy.

Contents

Early life

Richard Menschel was born circa 1935. [1] His father, Benjamin Menschel, was a real estate investor. [2] He has a brother, Robert Menschel, who also works for Goldman Sachs. [3]

Menschel was educated at the Bronx High School of Science. [3] [4] He graduated from Syracuse University, [2] and he earned a master in business administration from the Harvard Business School in 1959. [4] [5] He was a lieutenant in the United States Air Force. [2]

Business career

Menschel worked at Goldman Sachs for 25 years. [1] He was a partner by the mid-1970s, [2] and served on its management committee. [1] He retired as senior director in 1988. [3] When Goldman Sachs became a public company in 1999, Menschel earned $20 million in shares. [6]

Menschel also served on the board of directors of T. Rowe Price. [1]

Philanthropy and political activity

Menschel was the managing director of the Horace W. Goldsmith Foundation, [1] which became the Charina Endowment Fund in 1992. [7] Through the Charina Endowment Fund, he has donated over $13 million. [4] With his wife, Menschel also donates $1 million via the Charina Foundation. [4] He has supported art museums like the Museum of Modern Art, the Jewish Museum and the Neue Galerie New York, and schools like Rockefeller University and the New York Law School. [4] He also endowed the Horace W. Goldsmith Fellowship at the Harvard Business School and donated to the HBS Social Enterprise Initiative. [8] He was the chairman of Hospital for Special Surgery, [1] and he has donated to Memorial Sloan Kettering Cancer Center and the NewYork–Presbyterian Hospital. [4] He is a vice president of the board of trustees of the Morgan Library & Museum. [9] He was appointed to the New York City Panel for Educational Policy by mayor Michael Bloomberg in 2002. [10]

With his brother Robert, Menschel received the Carnegie Medal of Philanthropy in 2015. [3]

Personal life

Menschel married Ronay Arlt, then an assistant to Congressman Ed Koch and now the chairman of Phipps Houses. [2] [5] Their wedding was held at Menshel's mother's house, presided over by Rabbi Ronald B. Sobel of the Temple Emanu-El of New York. [2] They have three daughters. [5]

Menschel is also an art collector. [3]

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References

  1. 1 2 3 4 5 6 "Company Overview of Horace W. Goldsmith Foundation: Richard L. Menschel". Bloomberg. Retrieved February 15, 2018.
  2. 1 2 3 4 5 6 "Richard Menschel Weds Ronay Arlt". The New York Times. August 22, 1974. Retrieved February 15, 2018.
  3. 1 2 3 4 5 "Richard L. Menschel and Robert B. Menschel". Carnegie Medal of Philanthropy. 22 May 2017. Retrieved February 15, 2018.
  4. 1 2 3 4 5 6 Adeniji, Ade (September 2, 2015). "Here's What You Need to Know About Richard Menschel's NYC Philanthropy". Inside Philanthropy . Retrieved February 15, 2018.
  5. 1 2 3 "I Choose Harvard: Richard L. Menschel MBA '59, P'04, '99, '97". Harvard Alumni. August 6, 2013. Archived from the original on 16 February 2018. Retrieved 15 February 2018.
  6. ↑ Strom, Stephanie (July 10, 2003). "Fees and Trustees: Paying the Keepers of the Cash". The New York Times. Retrieved February 16, 2018.
  7. ↑ "The Charina Endowment Fund, Inc". Foundation Directory Online. Retrieved February 15, 2018.
  8. ↑ "FINANCIAL AID Horace W. Goldsmith Fellowship". Harvard Business School. Archived from the original on October 25, 2018. Retrieved February 15, 2018.
  9. ↑ "Board of Trustees". Morgan Library & Museum. February 2015. Retrieved February 15, 2018.
  10. ↑ "Mayor picks seven for school panel" . Asbury Park Press. Asbury Park, New Jersey. July 19, 2002. p. 5. Retrieved February 15, 2018– via Newspapers.com.
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