Felix M. Warburg

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Felix Moritz Warburg
Felix Moritz Warburg.jpg
Felix Moritz Warburg
Born (1871-01-14)14 January 1871
Hamburg, Germany
Died 20 September 1937(1937-09-20) (aged 66)
Nationality American
Occupation Banker
Employer M. M. Warburg

Felix Moritz Warburg (14 January 1871 – 20 September 1937) was a German-born American banker. He was a member of the Warburg banking family of Hamburg, Germany.

Biography[edit]

Warburg mansion in New York, today the Jewish Museum

He was a grandson of Moses Marcus Warburg, one of the founders of the bank, M. M. Warburg (in 1798). Felix Warburg was a partner in Kuhn, Loeb & Co.. He is known as a leading advocate of a Federal Reserve System for the United States. He married Frieda Schiff (3 February 1876 – 14 September 1958), daughter of Jacob Henry Schiff and Therese Loeb Schiff, on 19 March 1895, in New York. They had four sons, Frederick Marcus, Gerald Felix, Paul Felix and Edward Mortimer Morris and one daughter, Carola. All were active in community service.

Warburg was an important leader of the American Jewish Joint Distribution Committee, established to help the Jews in Europe in the period leading up to, and especially during, the Great Depression. Warburg actively raised funds in the United States on behalf of European Jews who faced hunger following World War I. As early as 1919, he was quoted in the New York Times discussing the dire situation of Jewish war sufferers.[1]

Warburg and the Joint Distribution Committee were also instrumental in the 1930s after the global Great Depression following the crash of the New York stock exchange 1929.

As a result of his philanthropic activities, a new Jewish village established in Mandate Palestine in 1939, Kfar Warburg, was named after him. He was a trustee of the Jewish Theological Seminary in New York.[2]

The Felix M. Warburg House, in New York's Upper East side was donated by his widow and today houses the Jewish Museum.

References[edit]

  1. ^ Tells sad plight of Jews New York Times, 12 November 1919
  2. ^ Warburg

Further reading[edit]

  • Yehuda Bauer (1974) My Brother's Keeper. A History of the American Jewish Joint Distribution Committee 1929-1939 Jewish Publication Society of America, Philadelphia, ISBN 0-8276-0048-8

External links[edit]

Media related to Felix M. Warburg at Wikimedia Commons