Page 5 - Wilson Society Six Strategies - Spring 2023 | University of Rochester

on campus. Because of their positive experiences with co-
curricular activities, Lori and Rich decided to establish a term
Charitable Remainder Trust, ultimately supporting Rochester
undergraduate students in experiential learning initiatives. They
chose a term Charitable Remainder Trust, (CRT) since it served
the dual purposes of benefitting the University in perpetuity and
providing an income stream between retirement in their mid-60s
and later social security and retirement plan distributions. Rich
stated, “We can donate the funds via appreciated securities
while we are in a high-income tax bracket, which has a financial
advantage. There is enough money to fund significant student
experiences and projects, and we get some income for a few
years when we need it most. All the stars were aligned.”

To Lori and Rich, legacy and the University of Rochester are
interconnected. When two of their children chose to attend the
University, Lori and Rich were excited for the opportunity to
reconnect with their alma mater through the next generation.They
felt confident that their children would have stellar educational
experiences. The continuation of the University of Rochester
legacy served as an added bonus. Lori asserted, “The mission of
‘Meliora’ is important to both of us in all facets of life. We want our
children and grandchildren to understand the notions of always
wanting to do better, thereby helping the world to be better.”

“

We were pleased to see the variety of options for donating
to the University of Rochester. For people who feel like
supporting the mission and the enterprise, the University
almost certainly has a mechanism that will optimize it for
both the University and the individual alumni. The Office of
Advancement was a pleasure to work with. They informed us
of many creative options and provided assistance every step
of the way.”