Philanthropy
During the Cold War era, Hertz established the Fannie and John Hertz Foundation with the purpose of supporting military research. Friend Edward Teller urged Hertz to orient his foundation to fund education in the applied sciences. The Hertz Foundation fellowship program was originally administered primarily by scientists at Lawrence Livermore National Laboratory who were associated with the military's nuclear weapons and ballistic missile defense programs. For his significant contribution to the security of the US, in 1958 he received the highest civilian award given by the Department of Defense.
In 1924, Hertz fronted the city of Chicago $34,000 to install the city's first traffic lights on Michigan Avenue.
Read more about this topic: John D. Hertz
Famous quotes containing the word philanthropy:
“Almost every man we meet requires some civility,—requires to be humored; he has some fame, some talent, some whim of religion or philanthropy in his head that is not to be questioned, and which spoils all conversation with him. But a friend is a sane man who exercises not my ingenuity, but me.”
—Ralph Waldo Emerson (1803–1882)
“... the hey-day of a woman’s life is on the shady side of fifty, when the vital forces heretofore expended in other ways are garnered in the brain, when their thoughts and sentiments flow out in broader channels, when philanthropy takes the place of family selfishness, and when from the depths of poverty and suffering the wail of humanity grows as pathetic to their ears as once was the cry of their own children.”
—Elizabeth Cady Stanton (1815–1902)
“I shall not be forward to think him mistaken in his method who quickest succeeds to liberate the slave. I speak for the slave when I say that I prefer the philanthropy of Captain Brown to that philanthropy which neither shoots me nor liberates me.”
—Henry David Thoreau (1817–1862)