Samuel Rubin (1901-1978) was a dedicated socialist who is reputed to have been a Communist Party USA member, but had business talent and decided to "play the capitalist game." In 1930 he founded the Spanish Trading Corporation, closing it when Franco took power in Spain. In 1937 he founded Faberge Perfumes and built it from a small specialty shop into a major cosmetic firm. He established the Samuel Rubin Foundation in 1959 from his personal wealth. In 1963, Rubin sold Faberge for $25 million and gave a portion to his foundation. It has funded legions of left-wing causes since, Institute for Policy Studies being among the first.