Trust established in 1951 in NJ; activated in 1969 as successor to Helene Fuld Health Foundation; incorporated in 1935 - In 1935, Dr. Leonhard Felix Fuld and his sister, Florentine, contributed $5,000 each to create a foundation to honor the memory of their mother, Helene Shwab Fuld, who had died in 1923. Born in New York City in 1893, Dr. Fuld attended Columbia University, from which he received his bachelor's degree, law degree, and doctorate. Although he worked as an editor, civil servant, and securities analyst, his lifelong passion was public health and sanitation. The Fuld Foundation's assets grew geometrically - from $4.8 million in 1952, to more than $35 million in 1965. In 1961, Dr. Fuld - concerned that the foundation continue after his death or incapacity - decided that he would eventually turn the assets over to a charitable trust to be known as the Helene Fuld Health Trust. Four years after his death in 1965, the trust was established with Marine Midland Bank as sole trustee. Marine Midland's name was changed to HSBC Bank USA in 1999