N. Bud Grossman Obituary (1921 - 2010) - Paradise Valley, Arizona

Grossman, N. Bud Grossman, a prominent Minneapolis businessman, philanthropist and community leader died on January 11, 2010 at his home in Paradise Valley, Arizona. The cause of death was Alzheimer’s Disease. He was 88 years old. Mr.Grossman, whose parents were Max and Ida Grossman, was born in Minneapolis, attended North High School, and graduated with a B.A. from the University of Minnesota in 1941. He was married in 1942 to Alene Lorberbaum, who died in 1988; he is also preceded in death by son, John, brother, Harold and sister, Marion Cohen. Survived by his second wife, Beverly Grossman, whom he married in 1992; sons, Richard, Thomas, Andrew and Joseph Grossman; thirteen grandchildren, Max, Abraham, Charles, Elizabeth, Benjamin, Matthew, Alene, Noah, Eliana, Jared, Alexandra and Jacob Grossman, and Rosa Vasquez; and seven great-grandchildren, Casey, Robyn and Zachary Vasquez; and Jack, Max, Annie and Zoe Grossman. Mr. Grossman served from 1942 through 1945 in the Army Air Corps where as a pilot he tested planes and taught instrument flying. Returning to Minneapolis after World War II, he went to work in the family retail automobile business, and with his brother Harold Grossman, operated a chain of car dealerships for the next thirty-two years. The Grossmans founded General Leasing Company in 1956, which eventually became Gelco Corporation, one of the largest transportation leasing companies in the world. The company was sold in 1987 to GE Capital. Grossman was a co-founder and Chairman of the Board of Dyco Petroleum Corporation, a NYSE company. An active investor in many areas, he was an owner and director of the Minnesota Vikings Football Club. He also served on the Boards of Directors of General Mills, Toro, Ecolab, Northern States Power, Norwest Bank, Churchill Capital, and Sit Investment Associates. Grossman served as Chairman of the Minnesota Orchestra, was Chairman of the Board of Overseers of the University of Minnesota School of Business and was a trustee of the Minneapolis Institute of Arts, the Guthrie Theater and Carleton College. The family wishes to express its deepest appreciation for the kindness and professionalism of the three individuals who nursed Bud so lovingly through the later course of his illness: James Hunt, Darren Scott and Bruce Raben. Funeral services THURSDAY 11 AM ADATH JESHURUN CONGREGATION, 10500 W. Hillside Lane, Minnetonka MN, with private shiva service in the Grossman Chapel of the synagogue to follow at 3:00 PM. In lieu of flowers, the family suggests donations to the N. Bud Grossman Center for Memory Research and Care at the University of Minnesota Medical Foundation, P.O. Box 64001, St. Paul, MN 55164-0001.