$690K in grants issued to education, youth organizations

Henry Schneider, who founded a Springfield-based charitable foundation after working on Wall Street, has died. He was 98.

Schneider died Sept. 11, according to an announcement from The Schneider Foundation issued yesterday. His obituary posted to GormanScharpf.com indicates he died at The Manor at Elfindale in Springfield "after a short illness."

"He will be missed, but his legacy will continue," Schneider Foundation officials said in the announcement.

Schneider formed a securities trading advisory firm for private investors in the 1960s and ran it until starting The Schneider Foundation in 1989, according to past Springfield Business Journal reporting. A Springfield native and graduate of Drury University, he worked on Wall Street as a market analyst and then became a chartered financial analyst.

His obituary indicates he also taught economics and business at Drury.

The Schneider Foundation, which supports education and youth organizations, has issued nearly $7 million since its inception.