The Richard and Hinda Rosenthal Foundation was established in 1948 by my parents, a young businessman and his fashion-editor wife, who clearly had a great deal of confidence in their eventual financial success as well as a genuine desire to contribute to the world outside themselves. As my father formulated it in the beginning, “Individuals fortunate enough to receive unusual benefits from a society have the distinct obligation to return meaningful, tangible support to that society—in the form of creative energy as well as funding.”
What this has meant over the years is a pattern of rewarding excellence and accomplishment by giving awards in the fields of medicine, art and literature. In the last several decades, as the younger generation has begun to have more of a say, the goal has modulated into an emphasis on more directly encouraging excellence and accomplishment—by funding programs as well as awards, thus concentrating on setting up structures for achievement, and utilizing the multiplier effect.
-- Jamie Wolf