Jewish Theological Seminary of America. Endowment Fund.

The Jewish Theological Seminary was founded in 1886 but after the death in 1897 of Sabato Morais, its first president, it began to founder. In 1901 Cyrus Adler, then a faculty member, eventually the Seminary's president, convinced Jacob Schiff and other members of the New York German-Jewish community to endow the institution for $200,000 and later raise the sum to $500,000. With this support the Seminary was reorganized in 1902 and Solomon Schechter arrived to head it the same year.

From the description of Legal documents, 1901 ; 1902. (Jewish Theological Seminary of America). WorldCat record id: 122530601