David M. Heyman

David Melville Heyman (August 29, 1891 - January 7, 1984) was an American financier, health services leader, philanthropist, and art collector. Heyman founded the Public Health Research Institute of the City of New York in 1942 and the Health Insurance Plan of Greater New York in 1944, and served as the president of the New York Foundation for thirty years.[1][2][3]

David Melville Heyman
Born
David Melville Heyman

August 29, 1891
DiedJanuary 7, 1984 (aged 92)
NationalityAmerican
Alma materMohegan Lake Military Academy
Cornell University
Columbia University (BA)
OccupationFinancier, health services leader, philanthropist, art collector
Known forFounder of
Net worthUS$10 million at the time of his death (approximately $1.2 billion in 2019 dollars)
Spouse(s)Ruth Stein
ChildrenThomas M. Heyman
D. John Heyman
Kenneth L. Heyman
RelativesSolomon Loeb (great-uncle)
Doron Kochavi (grandson)
Amit L. Kochavi (great-grandson)

Early life and education

David Heyman was born to Simon and Bella Heyman (née Heinsheimer), who is a daughter of Natalie Heinsheimer (née Loeb), sister of financier Solomon Loeb, founder of Kuhn, Loeb & Co..[4][5][6][7]He attended Mohegan Lake Military Academy in Westchester County, New York. In 1909, he went to Cornell University, but transferred later to Columbia University and graduated in 1913.[8][9]

Career

After graduating from college, he started his career on Wall Street as an office boy earning $5 a week, and joined the board of his family foundation, the New York Foundation, later serving as its President from 1937 to 1966.[8][10][2][3] Within five years of becoming an office boy, he had advanced to earning $25,000 a year as an investment banker. His career as an investment banker began at Kuhn, Loeb & Co., where his uncle, Louis A. Heinsheimer, was a partner, and finished 35 years later as a partner at Lewisohn & Company.[8] Heyman career was interrupted when he joined the Army as a lieutenant when World War I broke out.[8][2][10]

In 1942, Heyman founded the Public Health Research Institute as an independent not-for-profit research organization affiliated with the New York City Department of Health.[11]

In 1943, New York City mayor Fiorello LaGuardia and Heyman convened a panel to explore the feasibility of offering pre-paid medical services to New Yorkers of "moderate means."[12] That panel led to the incorporation of the Health Insurance Plan of Greater New York (HIP) in 1944 as the first health insurance plan for public service workers,[13] utilizing various medical centers throughout the city. More than 2,600 members of the Chefs, Cooks, Pastry Cooks and Assistants Local 89 became the first subscribers to HIP in 1947.[12] Through a merger with Group Health Incorporated, it became EmblemHealth in 2006.

He retired in 1947 when Lewisohn & Company was dissolved, but he continued to serve on various city boards such as the Board of Health. He served as the Chairman of the Commission on Health Services during the administration of New York City mayor Robert F. Wagner Jr.

Philanthropy

Heyman founded the Heyman Center for the Humanities at Columbia University in 1981 with a contribution of $20 million.[8]

Heyman and his family own several art pieces of famous artists including Reuven Rubin, a close friend of the family, Pablo Picasso, Pierre-Auguste Renoir and many more. The estimated total worth of these pieces is $15 million dollars.

Personal Life

Heyman died at his home on East 76th Street on January 7, 1984.[8]He was survived by three sons, eleven grandchildren, and two great-grandchildren.

His son, Tom Heyman, a Columbia College graduate, worked as a financier and photographer during the Yom Kippur War and became an Israeli citizen in 1995.[14]Heyman married Uziela Buchman in 1971 and adopted her children, among them the Israeli lawyer and entrepreneur Doron Kochavi.[14][15]Kochavi married Tamar Glaser, a great-granddaughter of Max Factor Sr., founder of the cosmetic company Max Factor who developed the modern cosmetics industry in the United States and popularized the term "make-up".[16][17][18]

References
  1. "PHRI :: PHRI's History". www.phri.org. Retrieved September 17, 2017.
  2. Blair, William G. (September 17, 1981). "Center for Humanities Dedicated at Columbia". The New York Times. ISSN 0362-4331. Retrieved September 17, 2017.
  3. Heidelberger, Michael (April 21, 1952). "The Public Health Research Institute of the City of New York, Inc". profiles.nlm.nih.gov. Retrieved September 19, 2017.
  4. "Family Tree". MyHeritage. Retrieved 2020-07-25.
  5. "The Family History of the Calzaretta, Krieger, Michaels and Rafael Families - Person Page". www.calzareth.com. Retrieved 2020-07-25.
  6. "The Family History of the Calzaretta, Krieger, Michaels and Rafael Families - Person Page". www.calzareth.com. Retrieved 2020-07-25.
  7. "Solomon Loeb (1829-1903) - Find A Grave Memorial". www.findagrave.com. Retrieved 2020-07-25.
  8. Blair, William G. (January 8, 1984). "David M. Heyman, Financier and a Health Services Leader". The New York Times. ISSN 0362-4331. Retrieved September 17, 2017.
  9. Catalogue of the Officers and Students of Columbia College, for the Year 1909. New York: D. Van Nostrand. 1909. p. 205.
  10. "The Trustees of the New York Foundation | New York Foundation". nyf.org. Retrieved September 17, 2017.
  11. Heyman, D. M. (1942). "Annual Report of the Public Health Research Institute of the City of New York, Inc.: July 1, 1941 - June 30, 1942". Public Health Research Institute. Archived from the original on January 30, 2011.CS1 maint: unfit url (link)
  12. "About Us". www.emblemhealth.com.
  13. "Honoring the Namesake of Fiorello H. La Guardia Community College". laguardia.cuny.edu.
  14. "10.6.73 - The Yom Kippur War: Photographs by Tom Heyman". Hebrew Union College - Jewish Institute of Religion. Retrieved 2020-07-25.
  15. Jaffe, Eliezer David (2001). Sources for Funding: The Israel Foundation Directory. Devora Publishing. ISBN 978-1-930143-28-9.
  16. AnOther (2016-08-30). "How Max Factor Invented Modern Makeup". AnOther. Retrieved 2020-07-25.
  17. "BJE Board of Directors". Builders of Jewish Education. 2016-12-19. Retrieved 2020-07-25.
  18. "The Doris Factor Endowment - an Enduring Legacy" (PDF). Jewish Community Foundation of Los Angeles. December 2015. Retrieved July 25, 2020.
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