Joseph J. Snyder '44
Joseph J. Snyder '44, a former treasurer of MIT and a life member of the Corporation, died Feb. 28 at the age of 87. Snyder is credited with having made investments during the 1950s that have helped MIT deal with post-Cold War cuts in government-funded research.
During his tenure as treasurer of MIT from 1950 to 1975, Snyder sought to protect the Institute against a possible future downturn in government sponsorship of scientific research. Snyder thought that "MIT needed to have growth in its assets" in case government money should "slow up for any reason," said current Treasurer Glenn P. Strehle '58.
Snyder attended MIT in the Department of Chemical Engineering in the early 1940s.
Snyder was a director of Liberty Mutual Insurance Co. and a trustee of the Boston Five Cent Savings Bank. From 1945 to 1974 he also served as a director for the investment consultant firm Colonial Management Associates, Inc.