Siebert Entrepreneurial Philanthropic Plan
Quick Summary
The Siebert Entrepreneurial Philanthropic Plan (SEPP) was established in 1990 by Muriel Siebert, a pioneering American business executive in high finance. SEPP was designed to support charitable causes by donating half of the net profits generated from new securities underwriting at Muriel Siebert & Co., Inc.. This initiative reflected Siebert's commitment to philanthropy alongside her successful career, which notably included being the first woman to buy a seat on the New York Stock Exchange and the first woman superintendent of banking for New York state. The plan aimed to channel business success into meaningful contributions to charity.1
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