From trading stamps to philanthropy

By Laurie Bennett

August 23, 2013 at 12:15pm

A family fortune built on trading stamps has found its way over the decades to the arts, the environmental movement and peace efforts.

As the Muckety map below shows, it began with the Sperry and Hutchinson Company, known for S&H Green Stamps.

The company was founded by Thomas Sperry and later headed by his brother William.

Each brother had a daughter who married a brother in the Beinecke family, which would assume leadership of S&H.

Frances Beinecke
Frances Beinecke

The Beineckes established a philanthropic tradition that has been passed along through the generations.

Walter, Edwin and Frederick Beinecke contributed funds to establish the rare book library named for them at Yale.

Frederick’s son William was the founding chair of the Central Park Conservancy.

William’s daughter Frances is president of the Natural Resources Defense Council. His son Frederick is a trustee of the Wildlife Conservation Society.

Stewardship of the arts is another family trait.

Frederick Beinecke is a trustee of the National Gallery of Art and chairs the Samuel H. Kress Foundation, which funds preservation of European art and architecture.

His wife, Candace, who chairs the law firm Hughes Hubbard & Reed, is a trustee of the Metropolitan Museum of Art.

The Beinecke siblings and their father also run the Prospect Hill Foundation, which provides grants to museums, conservation efforts and organizations such as the Arms Control Association and the Carnegie Endowment for International Peace.

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