Insurance Executive Gives $25-Million to N.Y. Care Home
April 21, 2014 | Read Time: 1 minute
The Hebrew Home at Riverdale, a senior-care facility in the Bronx, has received a $25-million challenge gift from the Starr Foundation led by insurance mogul Maurice “Hank” Greenberg, The Wall Street Journal writes.
The donation is part of a $100-million endowment campaign timed to the nursing home’s centennial in 2017.
Mr. Greenberg is the chairman and chief executive of insurance and investments firm C.V. Starr & Company and formerly headed insurance giant American International Group. He is a longtime donor to the Hebrew Home, where his mother lived for nine years before her death in 1994, and recently provided a $13-million loan to help the 32-acre center secure additional land to build a continuing-care retirement community.
