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Stanley Gumberg

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American businessman, investor, philanthropist and sailor

Stanley Gumberg
BornStanley R. Gumberg
May 30, 1927
Pittsburgh, Pennsylvania, U.S.
DiedFebruary 16, 2009(2009-02-16) (aged 81)
Pittsburgh, Pennsylvania, U.S.
EducationDuquesne University (BA)
Occupation(s)Businessman, investor, philanthropist, sailor
Known forChairman of J.J. Gumberg Co.
SpouseMarcia Morgan
Children3

Stanley R. Gumberg (May 30, 1927 – February 16, 2009) was an American businessman, investor, philanthropist, and sailor. He was chairman of J.J. Gumberg Co.

Biography

Gumberg was born to a Jewish family in Pittsburgh on May 30, 1927, the son of Lillian (née Zimmer) and Joseph J. Gumberg. His father operated a real estate brokerage, J.J. Gumberg Company, which he founded in 1923. His wife owned and operated bookstores in the Pittsburgh neighborhoods of Squirrel Hill (where Gumberg was raised) and Shadyside. After graduating from Taylor Allderdice High School, he joined the United States Navy where he served as a medical assistant. Using the G.I. Bill, he graduated with a B.A. from Duquesne University in 1950 and then went to work for his father's firm. In 1964, after building the Quaker Village shopping center in Leetsdale, the focus of the company shifted to development. Thereafter, he presided over the development of some of the region's first shopping malls and expanded out of the state via a relationship with Walmart. At the time of his death, Gumberg controlled over 15 million square feet of retail properties in six states including the malls at Pittsburgh's Waterworks, Clearview Mall in Butler, and North Hills Village.

Buncher belonged to the older generation of Pittsburgh real estate developers––such as Edward J. Lewis, Joseph Soffer, Jack Buncher, and Leonard Rudolph––who conducted business with a handshake.

Philanthropy

Gumberg was active in donating to educational and Jewish causes. Gumberg served on the board of Duquesne University—where the Gumberg Library is named in his honor—for over twenty years. He served as chairman of the board of Montefiore Hospital and presided over its sale in 1990 to form the Jewish Healthcare Foundation. He also served on the boards of Carnegie Mellon University (where he utilized his construction aptitude to oversee over $100 million in new projects); Seton Hill University; Westminster University, and the Urban League.

Horse racing

For over 40 years, Gumberg owned and operated the thoroughbred racing stable, Skara Glen Stables in Greensburg, Pennsylvania. Famous progeny include Cinnomon Sugar, Weekend Madness, Red Roses Story, Jazil and Rags to Riches, along with the hunter, Corsani, and show jumper, Chinita.

Personal life

He married Marcia Morgan soon after graduating high school; they had three sons: Ira, Lawrence, and Andrew. Gumberg and his wife were avid collectors of art and his wife chaired the board of the Carnegie Museum of Art. The couple were members of Rodef Shalom Congregation in Shadyside, Pittsburgh. He died of lung cancer on February 16, 2009, at his home in Pittsburgh. His son Ira J. Gumberg, purchased the family interest in J.J. Gumberg Co. from his two brothers and serves as its chairman and CEO; he is married to Anita Courcoulas. Gumberg's son, Lawrence, is president of Pittsburgh-based LG Realty Advisors Inc; he is married to Ina Gumberg. Gumberg's son, Andrew, is president and CEO of Fort Lauderdale-based Gumberg Asset Management Corp; he is divorced from Lorraine Abruzzo and since remarried to Christine "Christy" Ann McMullian.

References

  1. ^ Pittsburgh Post Gazette: "Obituary: Stanley R. Gumberg / Real estate developer, philanthropist (May 30, 1927 - Feb. 16, 2009)" by Elwin Green February 9, 2009
  2. ^ Pittsburgh Business Journal: "Pittsburgh real estate mogul Stanley Gumberg dies at 81" February 18, 2009
  3. ^ Pittsburgh Tribune: "People skills spelled success for developer" by Jerry Vondas February 18, 2009
  4. Pittsburgh Post Gazette: "Who will be next to build region? - Eddie Lewis' death creates a big void" By Dan Fitzpatrick December 2, 2006
  5. ^ Sowers, Richard (February 25, 2014). The Kentucky Derby, Preakness and Belmont Stakes: A Comprehensive History. McFarland. p. 45. ISBN 9780786476985.
  6. ^ The Jewish Chronicle: "Stanley R. Gumberg" retrieved April 16, 2017 |"devoted father of Ira (Anita) Gumberg and Lawrence (Ina) Gumberg, of Pittsburgh and Andrew (Christy) Gumberg of Ft. Lauderdale, FL"
  7. ^ Semmes, Ben (June 27, 2008). "Gumberg family feud spills into the courts". Pittsburgh Business Times. Retrieved August 16, 2022.
  8. "JJ Gumberg Co. - Ira J. Gumberg". JJ Gumberg Co. May 26, 2022. Retrieved August 16, 2022.
  9. The News-Press: "TENA COURCOULAS - NOVEMBER 25, 2012" November 27, 2012
  10. Pittsburgh Post Gazette: "Hillman Cancer Center Gala held at Consol Energy Center" November 19, 2011
  11. The Jewish Chronicle: "Friendship Circle celebrates seven years of ‘friendship’ in the Burgh" 2013
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