Phipps family | |
---|---|
Current region | Philadelphia, Pennsylvania |
Place of origin | West Midlands, England |
Connected families |
Grace family Mills family |
Estate(s) | Old Westbury Gardens |
The Phipps family of the United States is a prominent American family that descends from Henry Phipps Jr. (1839–1930), a businessman and philanthropist. His father was an English shoemaker who immigrated in the early part of the 19th century to Philadelphia, Pennsylvania, before settling in Pittsburgh. Phipps grew up with Andrew Carnegie as a friend and neighbor. As an adult, he was Carnegie's business partner in the Carnegie Steel Company and became a very wealthy man. He was the company's second-largest shareholder and also invested in real estate.
After selling his stock in Carnegie Steel, Phipps became a leading advocate of housing for the poor and a major philanthropist. He embraced the principle that those who have achieved great wealth should give back for the public good and create institutions dedicated to that purpose. Phipps and his wife Anne had five children: Amy, John S., Helen, Henry Carnegie, and Howard.
In 1907, Phipps established the Bessemer Trust Company to manage his substantial assets that would be shared by his offspring following his death. Phipps was also one of the pioneer investors in Florida real estate. At one time, he and his family owned one-third of the town of Palm Beach, 28 miles of oceanfront between Palm Beach and Fort Lauderdale, prime bayfront property in downtown Miami, and 75 square miles of land in Martin County. The Phipps family donated to the town of Palm Beach one of the most significant gifts in county history: an ocean-to-lake frontage property that is now known as Phipps Park. Another contribution was the Phipps Conservatory and Botanical Gardens in Pittsburgh.
The Phipps family owned country estates in Old Westbury, New York, on the Gold Coast, the stretch of land on the North Shore of Long Island that once held the greatest concentration of wealth and power in America.
Phipps built a mansion on 115 acres in Lake Success, New York (also on the Gold Coast), which he used from its completion in 1919 until his death in 1930. During World War II, John Phipps and his wife Margarita arranged for the home to be used to house British evacuees. In 1949, the family donated the property to the Great Neck School District. The mansion was converted into the administration building for the district, and Great Neck South High School and South Middle School were built on the site. [1]
By 1974, Bessemer Trust Company developed an expertise in wealth management that allowed it to take on other clients through the creation of a national bank headquartered in New York City. Phipps' grandchildren, from his son John S. Phipps, donated to the public the Westbury House estate that is now known as Old Westbury Gardens.
Gladys Mills Phipps, granddaughter of Darius Ogden Mills and wife of Henry Carnegie Phipps, was prominent among horse breeders and owners in American Thoroughbred horse racing, as were her son, daughters and several grandchildren and great-grandchildren. She founded Wheatley Stable with her brother, Ogden Livingston Mills. Recently, first cousins Ogden Mills (Dinny) Phipps and Stewart Janney III's horse Orb won the 2013 Kentucky Derby.
Family members include:
The following is a list of figures closely aligned with or subordinate to the Phipps family.
The following is a list of companies in which the Phipps family have held a controlling or otherwise substantial interest.
Since 1936, Mr. Phipps had published and edited The Fauquier Democrat, a weekly newspaper issued here in Fauquier County.
"The Henry C. Phipps interests held the largest numbers of voting stocks of the International Paper & Power Co. in 1930, also the same interests held the largest number of shares of common stock of the New England Co. before it was reorganized into the New England Power Association in 1926.....¶ The International Paper & Power Co. controlled the International Hydro-Electric System by ownership directly or indirectly of more than 95 percent of the voting stocks. The International Hydro-Electric System controlled 87.55 percent of the common stock of the New England Power Association, thus controlling that company."
During the Second World War Mrs [Margaret Grace] Phipps invited 30 British children to live with them at the mansion. Jay survived his wife by one year, dying in 1958 and having contemplated the future of the estate in the rose garden, their daughter, Peggy Boegner (1906-2006), decided to open it to the public and with her siblings established The J.S. Phipps Foundation in order to preserve the estate for prosperity.
Phipps family | |
---|---|
Current region | Philadelphia, Pennsylvania |
Place of origin | West Midlands, England |
Connected families |
Grace family Mills family |
Estate(s) | Old Westbury Gardens |
The Phipps family of the United States is a prominent American family that descends from Henry Phipps Jr. (1839–1930), a businessman and philanthropist. His father was an English shoemaker who immigrated in the early part of the 19th century to Philadelphia, Pennsylvania, before settling in Pittsburgh. Phipps grew up with Andrew Carnegie as a friend and neighbor. As an adult, he was Carnegie's business partner in the Carnegie Steel Company and became a very wealthy man. He was the company's second-largest shareholder and also invested in real estate.
After selling his stock in Carnegie Steel, Phipps became a leading advocate of housing for the poor and a major philanthropist. He embraced the principle that those who have achieved great wealth should give back for the public good and create institutions dedicated to that purpose. Phipps and his wife Anne had five children: Amy, John S., Helen, Henry Carnegie, and Howard.
In 1907, Phipps established the Bessemer Trust Company to manage his substantial assets that would be shared by his offspring following his death. Phipps was also one of the pioneer investors in Florida real estate. At one time, he and his family owned one-third of the town of Palm Beach, 28 miles of oceanfront between Palm Beach and Fort Lauderdale, prime bayfront property in downtown Miami, and 75 square miles of land in Martin County. The Phipps family donated to the town of Palm Beach one of the most significant gifts in county history: an ocean-to-lake frontage property that is now known as Phipps Park. Another contribution was the Phipps Conservatory and Botanical Gardens in Pittsburgh.
The Phipps family owned country estates in Old Westbury, New York, on the Gold Coast, the stretch of land on the North Shore of Long Island that once held the greatest concentration of wealth and power in America.
Phipps built a mansion on 115 acres in Lake Success, New York (also on the Gold Coast), which he used from its completion in 1919 until his death in 1930. During World War II, John Phipps and his wife Margarita arranged for the home to be used to house British evacuees. In 1949, the family donated the property to the Great Neck School District. The mansion was converted into the administration building for the district, and Great Neck South High School and South Middle School were built on the site. [1]
By 1974, Bessemer Trust Company developed an expertise in wealth management that allowed it to take on other clients through the creation of a national bank headquartered in New York City. Phipps' grandchildren, from his son John S. Phipps, donated to the public the Westbury House estate that is now known as Old Westbury Gardens.
Gladys Mills Phipps, granddaughter of Darius Ogden Mills and wife of Henry Carnegie Phipps, was prominent among horse breeders and owners in American Thoroughbred horse racing, as were her son, daughters and several grandchildren and great-grandchildren. She founded Wheatley Stable with her brother, Ogden Livingston Mills. Recently, first cousins Ogden Mills (Dinny) Phipps and Stewart Janney III's horse Orb won the 2013 Kentucky Derby.
Family members include:
The following is a list of figures closely aligned with or subordinate to the Phipps family.
The following is a list of companies in which the Phipps family have held a controlling or otherwise substantial interest.
Since 1936, Mr. Phipps had published and edited The Fauquier Democrat, a weekly newspaper issued here in Fauquier County.
"The Henry C. Phipps interests held the largest numbers of voting stocks of the International Paper & Power Co. in 1930, also the same interests held the largest number of shares of common stock of the New England Co. before it was reorganized into the New England Power Association in 1926.....¶ The International Paper & Power Co. controlled the International Hydro-Electric System by ownership directly or indirectly of more than 95 percent of the voting stocks. The International Hydro-Electric System controlled 87.55 percent of the common stock of the New England Power Association, thus controlling that company."
During the Second World War Mrs [Margaret Grace] Phipps invited 30 British children to live with them at the mansion. Jay survived his wife by one year, dying in 1958 and having contemplated the future of the estate in the rose garden, their daughter, Peggy Boegner (1906-2006), decided to open it to the public and with her siblings established The J.S. Phipps Foundation in order to preserve the estate for prosperity.