A private trust company and successor to the Pew Memorial Foundation, the Glenmede Trust Company was chartered in 1956 to administer three Pew family trusts. By the mid-1980s Glenmede's dual identity, as both for for-profit financial management company and not-for-profit philanthropic institution, proved unwieldy. In 1987 the not-for-profit activities were spun off as The Pew Charitable Trusts, thereby establishing an identity separate from the Glenmede Trust Company.
Joseph N. Pew, Jr. was the youngest son of Sun Oil Company founder Joseph N. Pew (1848-1912). Along with brother J. Howard (1882-1971) and sisters Mary Ethel (1884-1979) and Mabel Pew Myrin (1889-1972) he helped to start the Pew Memorial Foundation in 1948. In 1949 he encouraged the foundation to support African American colleges. Two years later he hired fellow Cornell University graduate Jerome H. Holland to consult with the foundation on interracial issues. When the trustees formed the Glenmede Trust Company to administer foundation affairs in 1956, Joseph N., Jr. served on the Committee on Grants, Donations, and Contributions.
From the description of Files on the Glenmede Trust Company. Committee on Grants, Donations and Contributions, 1946-1968. (Hagley Museum & Library). WorldCat record id: 122572919
