The Institute shielded its capital and library from Nazi seizure years early.

Evidence

The director of the Institute acquired an apartment in Geneva at once. From 1931 onwards, the Institute’s directors withdrew its endowment capital from Germany and invested it in the Netherlands. At the Deutsche Bank in Frankfurt we kept only a letter of credit that barely covered the Institute's monthly requirements.' The rights of ownership in the Institute's library were transferred first to the Society for Sociological Studies in Zurich, a subsidiary of the Institute, and then at the end of 1932 or the beginning of 1933 to the London School of Economics. — <cite>Rolf Wiggershaus, The Frankfurt School, 452</cite> (#expands`, via linked claim)

Once the office was firmly established in 1931, the lion’s share of the Institut’s endowment was quietly transferred to a company in a neutral country, Holland. — Martin Jay, The Dialectical Imagination, 149 (#expands, via linked claim)

From 1931 onwards, the Institute’s directors withdrew its endowment capital from Germany and invested it in the Netherlands. At the Deutsche Bank in Frankfurt we kept only a letter of credit that barely covered the Institute's monthly requirements.' The rights of ownership in the Institute's library were transferred first to the Society for Sociological Studies in Zurich, a subsidiary of the Institute, and then at the end of 1932 or the beginning of 1933 to the London School of Economics. — <cite>Rolf Wiggershaus, The Frankfurt School, 452</cite> (#expands`, via linked claim)

Categorization

  • XREF: connects to: The Institute moved its endowment and library abroad well before the Nazi takeover — Rolf Wiggershaus, The Frankfurt School: Its History,…, 452; The Institute moved its assets abroad well before the Nazi seizure of power — Rolf Wiggershaus, The Frankfurt School: Its History,…, 452; The Institute quietly moved its endowment abroad before the Nazis took power — Martin Jay, The Dialectical Imagination: A History…, 149

Broader Connections