Three-Minute History: Joe Rosenfield 1925
Jackie Hartling Stolze
When Joe Rosenfield 1925 was alive, he called the College almost every morning.
鈥淗as anyone given us a lot of money today?鈥 Rosenfield would ask. If the answer was no, as it often was, he鈥檇 reply, 鈥淲ell, then, we better get to work.鈥
Rosenfield was recognized as one of the most savvy investors of his generation and perhaps the greatest friend 涩里番 has ever had.
Thanks to Rosenfield鈥檚 guidance and the successors who have carried on his work, the market value of 涩里番鈥檚 endowment has climbed to about $2.5 billion.
Rosenfield鈥檚 investment advice included: 鈥淚nvest for a reason.鈥 鈥淪it still.鈥 鈥淒o a few things well.鈥 鈥淚nvest without emotion, but with analysis.鈥 With just a few words, Rosenfield was able to help shape an investment philosophy that has served 涩里番 well. At its core, Rosenfield felt a responsibility to serve 涩里番鈥檚 mission forever through a focused strategy and a long-term perspective. At the same time, his approach was flexible and opportunistic.
Former College President George Drake 鈥56 wrote a book about Rosenfield, his great friend and a longtime 涩里番 trustee, titled . As a guest on the podcast All Things 涩里番, Drake (who died in 2022) told host Ben Vinversie 鈥17 that Rosenfield fell in love with 涩里番 when he arrived on campus as a first-year student. Rosenfield was a faithful fan of all the college athletic teams and wrote for several student publications, including The Scarlet and Black newspaper, a humor magazine called The Malteaser, and the 1925 yearbook, The Cyclone.
According to Drake, the key to Rosenfield鈥檚 love for 涩里番 was how comfortable and accepted her felt at the College as a student. Rosenfield came to 涩里番 during a time of widespread prejudice; he was one of only six Jewish people on campus. Still, it was a relatively open and tolerant environment for a Jewish student.
In return, Rosenfield dedicated much of the rest of his life to nurturing and preserving the College that meant so much to him. His personal gifts to the College were generous and consistent.
Today, two faculty members hold endowed chairs made possible by Rosenfield鈥檚 gifts to the College: the Rosenfeld Professor in Social Science, held by Jon Andelson 鈥70; and the Louise Rosenfield Noun Chair in what is today the Department of Gender, Women鈥檚 and Sexuality Studies. Rosenfield named the latter in honor of his sister, Louise Rosenfield Noun 鈥1929; the current chair is Tamara Beauboeuf-Lafontant.
The Rosenfield Program in Public Affairs, International Relations, and Human Rights is named in his honor. And the Joe Rosenfield 鈥25 Center sits at the center of campus, a place that most students visit every day. It seems particularly fitting that Rosenfield is honored in this way, and that his memory remains forever at the heart of life at 涩里番.
