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About Us
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In 1935, Dr. Leonhard Felix Fuld and his sister, Florentine, contributed $5,000 each to create a foundation to honor the memory of their mother, Helene Shwab Fuld, who had died in 1923. Born in New York City in 1883, Dr. Fuld attended Columbia University, from which he received his bachelor's degree, law degree, and doctorate. Although he worked as an editor, civil servant, and securities analyst, his lifelong passion was public health and sanitation. During her lifetime, Helene Fuld had also been passionately interested in health issues, and the foundation named for her was originally dedicated to the "relief of poverty, suffering, sickness and distress." In 1961, Dr. Fuld limited the foundation's focus to "the improvement of the health and welfare of student nurses, and the term ‘nurse’ …is hereby defined as a person who gives bedside care to the sick and injured" a mission he had been thinking about for some time. Dr. Fuld noted to Trenton Sunday Times Advertiser: "After careful consideration and because of my intense interest in sanitation and health, I chose to pinpoint my efforts in the field of nurse health, which had received comparatively little attention up to that time." Throughout the course of his involvement with making grants to nursing schools, Dr. Fuld often visited the schools - several of which renamed themselves in honor of his mother - and spoke with nursing students in an effort to learn more about their needs and to ensure that high standards were being met. As the country recovered from the Depression, Dr. Fuld and his sister both made further contributions to the foundation. After World War II, with the economy booming, the Fuld foundation's assets grew geometrically - from $4.8 million in 1952, to more than $35 million in 1965. In 1961, Dr. Fuld - concerned that the foundation continue after his death or incapacity - decided that he would eventually turn the assets over to a charitable trust to be known as the Helene Fuld Health Trust. Four years after his death in 1965, the Trust was established with Marine Midland Bank as sole trustee. Marine Midland's name was changed to HSBC Bank USA, N.A. in 1999.
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