Word: rosenwald
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Dates: during 1970-1979
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DIED. Lessing Rosenwald, 88, former chairman of Sears, Roebuck, and collector of rare books, prints and drawings which he donated to the National Gallery of Art and the Library of Congress; in Jenkintown, Pa. Son of Julius Rosenwald, mail-order pioneer who preceded him as Sears chairman, Rosenwald retired from Sears at 48 to devote himself to philanthropy, various political interests and his lifelong passion, collecting...
...gallery-came from Steel Magnate Andrew W. Mellon, who as Secretary of the Treasury in 1927 and later as Ambassador to Great Britain had taken on Finley as his most trusted associate. The enormous marble museum opened in 1941, and Finley persuaded other great collectors, notably Samuel Kress, Lessing Rosenwald and Peter and Joseph Widener, to contribute their paintings and sculptures as well...
However, Harold Rosenwald '27, the attorney for HSA, said yesterday that past profits were so small that the taxes due on them would be negligible. The primary concern of management, he said, is that under the new ruling gifts to the HSA would no longer gain the donor a tax deduction...
...solicits such donations, and is partially dependent on them, Rosenwald said...
...Rosenwald said, "The IRS suggests no adequate reasons" why the exemption should be revoked and he promised, "the appeal will be pursued as far as necessary and possible...