DJB Foundation
The DJB Foundation, a progressive social change philanthropy, was founded in 1948 by Daniel J. Bernstein (1918-1970). With his death in 1970 almost five-million dollars came to the foundation. Its most active period began in 1971 when the board of directors decided that all assets would be given away within ten years. The grants concentrated on groups and programs generally ignored by conventional foundations because they were "controversial" -- to Clergy & Laity Opposed to the War in Vietnam, the poor, GIs, deserters and draft resisters, ethnic groups, African liberation groups, convicts and ex-convicts. The DJB Foundation exhausted the majority of its funds by the end of 1974. It officially closed in December 2008. History The DJB Foundation was created in 1948 by Daniel Bernstein as a holding operation for the inheritance received from his father. He continued to work in the stock market to earn a living but he used the foundation funds and his own funds when limited by the tax laws to give to his causes and beliefs. Dan's seat on the NY Stock Exchange gave him an opportunity to support the value of social justice in the American Civil Rights campaign, such as his support for