Fortune Founded 1902. We reserve the right to remove any comment we deem to be defamatory, rude, insulting to others, hateful, off-topic or reckless to the community. He gave back to our community. It was named for Bruce Dayton, though marketers altered the name by one letter.And throughout their lives, the Dayton brothers — Bruce, Wally, Kenneth, Donald and Doug — stressed the virtue of giving back to the community.At the corporate level, the Daytons believed in giving 5 percent of pretax profits to charity. A successful businessman who worked with his brothers to create countless jobs in our state, he was a longtime philanthropist and was a tireless advocate for the arts. “For both financial and take-charge reasons, they wanted to make a bigger pie, perhaps several pies.”.The first big expansion came in the early 1950s, when the brothers bought 500 acres of cornfields in the young suburb of Edina.They soon unveiled plans for something never seen before: an enclosed, two-story luxury shopping mall with 72 retailers, including its biggest rival, Donaldson’s. In his 73 years of engagement, the former CEO of what is now Target Corp. gave the museum more than $80 million in cash, and helped launch endowments that now total $27.5 million.Although a tweedy businessman by profession, Dayton was an aesthete by temperament. Bruce Dayton, the last of five Dayton brothers in the legendary retailing family, died Friday at age 97 after a career that shaped the Twin Cities in a hundred ways, from fashion to philanthropy, s… And he raised a son who would go on to serve our state as both U.S. CLICK HERE TO TURN ON NOTIFICATIONS.Bruce Dayton, the last of five Dayton brothers in the legendary retailing family, died Friday at age 97 after a career that shaped the Twin Cities in a hundred ways, from fashion to philanthropy, shopping malls to state politics.In partnership with his brothers, Bruce Dayton expanded the Dayton Company from one department store in Minneapolis into a national retailing powerhouse. “So somebody suggested, well, maybe you should be the shopping center developer.”.Southdale Mall opened in 1956. He helped build his family’s company into what is now a major national company. Ah, yes, he said — leaf bowls are among the rarest Chinese ceramics. Historically, Minneapolis residents shopped in Minneapolis stores, and St. Paul residents shopped in St. Paul stores. After Dayton Corp. went public in 1967, he gave the museum “The Smoker,” an 1866 masterpiece by Édouard Manet that is a centerpiece of the 19th-century galleries.French art was Dayton’s first love, and his gifts range from popular crowd-pleasers like the Monet grainstack to grand subjects like “Venus and Adonis,” an allegorical love scene from 1650 by Nicolas Mignard, court painter to King Louis XIV, and intimate artist-designed books by Matisse and Picasso.Unlike many collectors, he typically bought art and gave it directly to the museum rather than keeping it at home for years before bequeathing it. I Started photography at the age of 16. “He made us understand that we’re very fortunate, and with that came an opportunity and responsibility to give back.”.Bruce was the last surviving Dayton retailing brother. They inherited the downtown Minneapolis store much earlier than expected.Their father, Nelson, died of cancer in 1950 at age 63. They never caught anything, he said, but his dad always insisted on leading the way.The family’s wealth gave Mark Dayton a huge political boost, allowing him to spend some $25 million on his campaigns, paving the way for his election to the U.S. Senate and later governor of Minnesota. Bruce, the second-oldest, was just 31 years old.“We were young at the time, and we had a hell of a responsibility just to keep things going,” Donald Dayton, the eldest brother, would say later.Bruce had a talent for finance, and became the company’s chief financial officer.

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