Real estate developer and philanthropist Eugene Glick dies
Last Updated: 65 days ago
INDIANAPOLIS - A famously successful real estate developer and well-known philanthropist died Wednesday. Eugene Glick died at his home at age 92.
Read: Full release announcing Eugene B. Glick's death (http://bit.ly/1brA09i)
A memorial will be held for Glick at 11 a.m. Friday at the Indianapolis Hebrew Congregation. In lieu of flowers, memorial donations may be made to the Eugene and Marilyn Glick Eye Institute at the IU School of Medicine.
Glick was a World War II combat veteran who went on to build one of the nation’s most successful housing firms during the greatest construction boom in U.S. history. In the later decades of his life, he was known in Indiana for his generous philanthropy just as much as -- if not more than -- his success as a businessman.
Eugene and his wife, Marilyn, funded the Glick Eye Institute at the Indiana University School of Medicine, the Indianapolis Cultural Trail, the Indiana Authors Award and other charitable projects that benefit the arts, education, public health and aid organizations in the state.
After Glick returned from fighting in World War II, he returned to Indianapolis and joined Peoples Bank, where he established its GI loan program. The program would go on to issue more GI loans than all other Indianapolis banks combined. While employed there, he began to see a burgeoning area of potential growth: Plenty of fellow veterans were starting up their families, but there was a serious shortage in housing.
Eugene began dating Marilyn shorting after returning home from war, and they soon found they made a fantastic team. They combined their respective nest eggs and began investing in real estate together. The pair believed everyone, even those who didn't have much to spend, deserved a quality home where they could live out their dreams.
The couple was married in 1947 and soon after founded what would become the Gene B. Glick Company, one of the biggest private real estate development firms in the nation. In the early days of the company, Eugene ran the business while keeping his bank job, while Marilyn oversaw the home construction projects and was a go-getter when it came to securing scarce building materials.
By the early '60s, the company was the No. 1 builder of single-family homes in Indiana. Then, restrictions on single-family construction led to the company exploring multifamily opportunities.
The following year Glick assisted in crafting legislation that would allow Indianapolis to accept federal funds for the construction of affordable housing. In later years, apartments became the company's sole focus.
Most of the Glicks' fortune has been used to fund civic projects and charitable organizations throughout Central Indiana. In 1982, they set up the Eugene & Marilyn Glick Family Foundation, which is one of the biggest private foundations in the state.
The couple also created the Glick Fund of the Central Indiana Community Foundation and the Glick Fund of the Jewish Federation of Greater Indianapolis. One of Eugene's favorite philanthropic projects was the Pro-100 mentoring program, administered by the Children's Bureau.
Gene Glick was a member of Indianapolis Hebrew Congregation. He was preceded in death by his wife of 65 years and is survived by his four daughters: Marianne Glick, Arlene Grande, Alice Meshbane and Lynda Schwartz. He is also survived by his many grandchildren and five great-grandchildren.
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