Ellen and David Grossman
As David and his wife, Ellen, were updating their estate planning, they considered which charities they wanted to support. They knew they wanted to fund scholarships for Jewish medical students who needed financial assistancea process David found to be very easy:
"It was a struggle to pay for my education, so I wanted to try to set up scholarships for people like myself, and Hillel was able to facilitate that. There were no roadblocks boom, done!"
The Grossmans created a three-part gift. In addition to outright gifts to Rutgers Hillel and Hillel International, they made a legacy pledge that established scholarships to be administered by Hillel International. "The nuances of estate planning are difficult, but this is easy. Having this gift established sets my mind at ease," says David.
Combining gifts creates maximum impact. Consider establishing an endowment for immediate impact, and create a planned gift that supports that endowment in the future. You can utilize cash, a will or trust, a retirement account, or several other options.