Jeffrey Alfred Legum
Jeffrey Alfred Legum | |
|---|---|
| Born | 1941 Baltimore, Maryland, U.S. |
| Occupation(s) | Investor, philanthropist, former automobile dealer |
| Known for | Owner and CEO of The Park Circle Company; leadership of Park Circle Motor Company; philanthropy to Park School of Baltimore, Baltimore Museum of Art, Johns Hopkins School of Medicine |
Jeffrey Alfred Legum (born 1941) is an American investor, philanthropist, and former automobile dealer.
Legum achieved notable success in the automotive retail industry,[1] as well as in investment. His financial guidance has played a significant role in enhancing the endowments of both the Park School and the Baltimore Museum of Art.Template:Fix/category[citation needed]
Early life and education
Born in Baltimore in 1941,Template:Fix/category[citation needed] Legum is the son of Leslie Legum, a developer specializing in large industrial parks,[1][2] and Naomi Legum, whose father, L. M. Hendler, was an ice cream manufacturer. He pursued economics at the University of Pennsylvania and is recognized as a distinguished alumnus of its Wharton School for his accomplishments in business and finance.Cite error: The opening <ref> tag is malformed or has a bad name
Park Circle Motor Company
After earning his B.S. degree in economics from the Wharton School of Business at the University of Pennsylvania in 1963, Legum joined Park Circle Motor Company, a firm established by his grandfather in 1921.[3][4]Cite error: The opening <ref> tag is malformed or has a bad name By 1986, under his leadership, the dealership had expanded to become the third largest nationwide.Cite error: The opening <ref> tag is malformed or has a bad name
His Westminster Motors dealership notably supplied limousines for the 1981 presidential inauguration of Ronald Reagan.Cite error: The opening <ref> tag is malformed or has a bad name
In 1989, Legum divested from his Chevrolet-Nissan dealership but maintained ownership of Westminster Chevrolet Cadillac, which he had acquired in 1973.Template:Fix/category[citation needed] He eventually sold Westminster in 1997, marking his exit from the automobile dealership sector.[4]Cite error: The opening <ref> tag is malformed or has a bad name
Investment management and The Park Circle Company
Jeffrey Legum is the owner and CEO of The Park Circle Company, operating as Park Circle Investments, a private investment firm focused on businesses connected to Baltimore. In 1962, Park Circle Motor Company divested its wholly owned subsidiary, Truck Rental Company of Baltimore, selling it to Avis in exchange for cash and a 10% equity stake in Avis. Four years later, in 1966, Park Circle partnered with Lazard Freres to sell Avis to ITT Corporation, receiving ITT stock in return. The resulting cash and shares formed the foundation of Park Circle's initial equity portfolio, which Legum personally managed.[5] Additionally, Legum's financial insights have been cited in publications such as Barron's.[6]
Personal life
In 1968, Legum wed Harriet Cohn.[7]
Philanthropy
Legum has actively contributed to the Park School of Baltimore,[8] the Baltimore Museum of Art,[9] and the Johns Hopkins School of Medicine,[10][11][12][13] where he established The Jeffrey and Harriet Legum Professorship in Acute Neurological Medicine as well as The John W. Griffin, MD Professorship in Neurology through a $2.5 million endowment.[14]
During 1988 and 1989, Legum was part of the board of directors for Preakness Celebration, Inc., serving as vice president in 1989.Template:Fix/category[citation needed] He holds the status of Emeritus Trustee at the Park School of Baltimore and has contributed over $1 million to the institution.
In 2001, Jeffrey and Harriet Legum pledged $1.5 million to Johns Hopkins School of Medicine to establish a professorship dedicated to acute neurological medicine. They later donated an additional $1 million to support a fellowship program within the psychiatry department.Template:Fix/category[citation needed]
The couple further gifted $3 million in 2003 toward Johns Hopkins’ construction of a facility designed for both clinical and basic research activities.Template:Fix/category[citation needed]
In 2021, Legum provided $110,000 to assist the Baltimore Museum of Art in fulfilling its commitment to raise the minimum wage for staff from $13.50 to $15 per hour.[15] He has also supported the Kennedy Center’s expansion by funding The REACH, their second building.[16]
Most recently, in 2023, he contributed $250,000 to Heartly House.
References
- ↑ 1.0 1.1 Cite error: Invalid
<ref>tag; no text was provided for refs namedLegumChevroletNissan - ↑ Cite error: Invalid
<ref>tag; no text was provided for refs namedbellsale - ↑ Cite error: Invalid
<ref>tag; no text was provided for refs namedGMACnews - ↑ 4.0 4.1 Cite error: Invalid
<ref>tag; no text was provided for refs namedSun1997 - ↑ ...
- ↑ ...
- ↑ ...
- ↑ ...
- ↑ ...
- ↑ ...
- ↑ ...
- ↑ ...
- ↑ ...
- ↑ ...
- ↑ ...
- ↑ ...
Media related to Jeffrey Alfred Legum at Wikimedia Commons