Hayden, Charles

Hayden, Charles

(1870–1937) financier, philanthropist; born in Boston, Mass. He graduated from Massachusetts Institute of Technology (MIT) (1890) and formed the Hayden, Stone & Company brokerage firm in 1892. Specializing at first in copper stocks, he diversified, especially during World War I, and made a fortune. An exceptional judge of men and finances, he was elected to an extraordinary number of boards of directors (58 at the time of his death). He became interested in boys' work and left about $50 million to establish the Hayden Foundation which assisted boys clubs and the Boy Scouts. He also gave generously to MIT and the Red Cross and he was the principal donor to the American Museum of Natural History's new planetarium, named after him.