Michael and Susanna Steinberg Endowed Scholarship Fund
Michael retired briefly in 1993 during a period of uncertainty for the retailing giant Federated Department Stores. He soon came out of retirement and is credited with guiding Macy’s, a Federated holding, through a major turnaround. He retired in 2000 for the final time.
Upon his retirement, a business media article credited Michael with “helping turn a bankrupt chain of department stores into a regional powerhouse”. Susanna had a 27-year career in retail as a human resources specialist and always found time and energy for service to her community.
Wherever Michael and Susanna had roots they gave generously to causes they believe in: universities, community and cultural organizations, medical research, and private philanthropic efforts. These include the UCSF AIDS Research Institute, Project Open Hand, San Francisco Ballet, Smuin Ballet, New York City Ballet, World of Children, Berkeley Repertory Theatre, Los Angeles Review of Books, New York Public Library, San Francisco Planning and Urban Research Association, Brandeis University, and the Fashion Institute of Technology. At UT Austin, over 225 students have been the beneficiaries of their generosity since the Michael and Susanna Steinberg Endowed Scholarshipwas established.
Hundreds of Longhorn students have made their way to the future, changing the world we all live in, thanks to the generosity of Michael and Susanna. Their legacy of hope and opportunity will honor them for generations to come.