This parkland honors philanthropist and financier Jacob H. Schiff (1847-1920). Born to a middle-class Jewish family in Frankfurt, Germany, Schiff emigrated to the United States in 1865. Soon after his arrival in New York City, he found success as a Wall Street investment banker. In 1875, Schiff joined the banking firm of Kuhn, Loeb and Company. As a partner in the firm, and later as its senior partner, Schiff helped Kuhn, Loeb and Company to become one of the most prominent investment companies in the world, second only to J. P. Morgan.
Conscious of the plight of many other Jewish immigrants, Schiff became involved in numerous charitable causes. In 1884, he helped found the Jewish Montefiore Home. Originally located on 84th Street and Avenue A (now York Avenue) in Manhattan, the hospital treated the chronically ill among the city’s poor. With Schiff as its second president and primary benefactor, the Jewish Montefiore Home rapidly expanded and later moved to its presen