Who was Julius Rosenwald?

Julius Rosenwald
   Julius Rosenwald (1862-1932), was an American businessman and philanthropist. He contributed about $63 million to Black education, Jewish philanthropies, and a wide range of educational, religious, scientific, and community organizations and institutions. Rosenwald established the Museum of Science and Industry in Chicago.
   He once said it was easier to make $1 million honestly than to give it away wisely. He tried to aid groups rather than individuals and to make his gifts in such a way as to stimulate contributions from others. He donated money through the Julius Rosenwald Fund and other separate donations. He disliked perpetual endowments, and ordered that all of the Julius Rosen­wald Fund be spent within 25 years of his death.
Rosenwald was born and educated in Springfield, Illinois. He entered the clothing business at age 17, and joined Sears, Roebuck and Company in 1895. He was president of Sears from 1909 to 1924.