Philanthropist and Former Hasbro CEO Alan Hassenfeld Passes Away at 76, Leaving Lasting Legacy

July 9, 2025
Philanthropist and Former Hasbro CEO Alan Hassenfeld Passes Away at 76, Leaving Lasting Legacy
  • Alan G. Hassenfeld, a prominent philanthropist and former CEO of Hasbro Inc., has passed away at the age of 76.

  • He was the chairman of the Hassenfeld Family Initiatives, focusing on children’s safety, human rights, women’s empowerment, and economic development in Rhode Island.

  • Hassenfeld joined the family business in 1970, which was founded by his grandfather Henry in 1923 as Hassenfeld Brothers, initially selling textile remnants before expanding into toys and rebranding as Hasbro in the 1940s.

  • He was known for his generosity, endowing programs at Brown, Brandeis, and Bryant universities, and donating to organizations aiding children, marginalized groups, and individuals with special needs.

  • Hassenfeld was inducted into the Rhode Island Heritage Hall of Fame in 2009 and served on the Board of Trustees of Brown University during two periods, from 1990-1996 and again in 2020.

  • Throughout his life, he received numerous recognitions for his leadership, public service, and corporate responsibility contributions.

  • He served on various boards, including Brown University, the University of Rhode Island Foundation, and The Miriam Hospital Foundation, demonstrating his commitment to community service.

  • Hassenfeld established the Ethical Supply Chain Program to promote safety and human rights in toy manufacturing and pledged $1 million in 2022 to aid Ukrainian children affected by the war, partnering with The Toy Foundation.

  • He was instrumental in promoting ethical sourcing and child labor reform, notably helping to establish the ICTI CARE Process to improve working conditions in the toy supply chain.

  • His legacy includes strengthening Hasbro’s presence in Rhode Island, supporting healthcare initiatives, and making a lasting impact on the community.

  • Hassenfeld’s family immigrated from Poland; his grandfather and great uncle initially sold fabric and toys in Rhode Island, and Hassenfeld himself worked on toy assembly lines as a child.

  • His long-lasting legacy of generosity and impact on charitable causes was highlighted by journalist G. Wayne Miller.

Summary based on 22 sources


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