[1] After attending Philadelphia public schools, Guggenheim matriculated in 1885 at the University of Pennsylvania (Penn), where he graduated in 1889 with a B.S.

The couple received fierce backlash from William's brother Daniel who disapproved of the match because Grace was a gentile and divorcée.

If Brown's claims were valid, this would make William a bigamist and render his son illegitimate.

William died on June 27, 1941, in Manhattan, New York, and was interred at Salem Fields Cemetery in the Guggenheim family plot.

The cup, made of silver with a simple design, was to be engraved each year with the name of a Penn alumnus who had honored the University of Pennsylvania by achieving notable success.