Phipps family explained

Phipps family
Region:Philadelphia, Pennsylvania
Origin:West Midlands, England
Otherfamilies:Grace family
Mills family
Estate: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.

Business activities

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]

Legacy

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. First cousins Ogden Mills (Dinny) Phipps and Stewart Janney III's horse Orb won the 2013 Kentucky Derby.

Lineage

Family members include:

Family tree

Family Network

Associates

The following is a list of figures closely aligned with or subordinate to the Phipps family.

Businesses

The following is a list of companies in which the Phipps family have held a controlling or otherwise substantial interest.

Philanthropy & miscellaneous non-profits

Buildings, estates & historic sites

Sources

Notes and References

  1. Web site: Henry Phipps and the Phipps Administration Building . Great Neck Public Schools website . 2020-05-21 .
  2. News: 1904-11-03 . MARTIN-PHIPPS WEDDING: Daughter of Henry Phipps Married to Bradley Martin, Jr. . subscription . New York Times . 9 . 2023-02-17 .
  3. Witmer . Emma . 2022-08-30 . WHAT IS WWOOF? Tallahassee's Ayavalla Land Company shares its eco-friendly expertise with volunteers from around the world . Tallahassee Magazine (September–October 2022) . 75–76 . Rowland Publishing, Inc. . 2023-02-26.
  4. Book: The Historical Society of Palm Beach County . Kelley . Russell. 2020 . An Illustrated History of Palm Beach: How Palm Beach Evolved Over 150 Years from Wilderness to Wonderland . Pineapple Press . 117 . 9781683340669 . amp.
  5. News: Gerald H. Phipps, Football Team Owner, 78. The New York Times. 8 August 1993.
  6. News: Hubert B. Phipps Dies at 63. Virginia Publisher and Editor . "Since 1936, Mr. Phipps had published and edited The Fauquier Democrat, a weekly newspaper issued here in Fauquier County." . subscription . . August 17, 1969 . 80 . 2009-02-20 .
  7. Book: Gompers . Paul . Lerner . Josh . 2010 . Acs . Zoltan J. . Audretsch . David B. . Handbook of Entrepreneurship Research: An Interdisciplinary Survey and Introduction . Springer . 184 . Chapter 8: Equity Financing . 978-1-4419-1191-9.
  8. U.S. Federal Trade Commission . 1928 . Utility Corporations: Letters from the Chairman of the Federal Trade Commission Transmitting, in Response to Senate Resolution No. 83, 70th Congress, a Monthly Report on the Electric Power and Gas Utilities Inquiry (Issues 31-32) . U.S. Government Printing Office . 941 . 2023-02-26 . "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." .
  9. Margarella . Maria Elena . 2017-06-01 . Mary Phipps: A Woman Who Means "Bees"ness . Tallahassee Woman Magazine . 41–42 . 2023-02-18.
  10. Web site: The story of Peachtree City's beginnings — Part 3 . Brown . Steve . January 15, 2023 . thecitizen.com . February 9, 2023.
  11. News: Rosacia . Pam . 2020-10-08 . Snow Phipps execs to set up new firm, raise up to $1B for 1st fund – Bloomberg . S&P Global . 2023-02-24.
  12. April 25, 1910 . U.S. Steel Stockholders Made Public: Judge Gary Takes Optimistic View . Industrial World, Volume 44, Issue 1 . National Iron and Steel Publishing Company . 488 . 2023-02-25.
  13. News: 1958-03-02 . LAWRENCE PHIPPS, EX-SENATOR, DIES: Colorado G.O.P. Leader, 95, Was Carnegie Executive Before U. S. Steel Merger . subscription . 27 . New York Times . 2023-02-25.
  14. Godfrey . David . 2009 . After 50 Years, CCC and Sea Turtles Still Attract Passionate Supporters . Velador: Issue 3, 2009 . Sea Turtle Conservancy . 2023-02-25.
  15. Murray . Mary . 2016-05-06 . The Creativity Gene . Palm Beach Illustrated . Palm Beach Media Group . 62.
  16. Web site: OLD WESTBURY GARDENS. Westbury, Nassau County, New York . Meredith . Mark . 2018-11-06 . HouseHistree . 2023-02-25 . "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.".
  17. News: April 21, 1982 . John H.H. Phipps, 77, Active Conservationist . New York Times . 5, Section B . 2023-02-25.
  18. News: PHIPPS HOUSES CHARTERED. Incorporation Bill Signed to Aid Philanthropic Dwelling Plans. . 4 September 2016 . The New York Times. April 23, 1905.
  19. News: Shaman . Diana . 1988-03-20 . If You're Thinking of Living in: Lake Success . New York Times . 11, Section 10 . 2023-02-24.
  20. News: Fischler . Marcelle S. . 2010-06-04 . Not Just Another Subdivision for Developable Estates . subscription . https://web.archive.org/web/20100607035617/http://www.nytimes.com:80/2010/06/06/realestate/06lizo.html?ref=realestate . 2010-06-07 . . 2024-02-28.

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