Giving to Rensselaer's Endowment Fund Has a Lasting Impact
Stephen Leonard Goodman, who earned his bachelor's degree in economics, paid his first visit to Rensselaer's campus last year since graduating in 1977 as part of a Renaissance Weekend. "I was really impressed," Stephen says, "with what is going on on campus.
"This was the first time I had been back in almost 30 years and there was so much excitement and activity—so many changes. Rensselaer has moved to the forefront in many areas and all of this seems to have flowed down from President (Shirley Ann) Jackson," Stephen says.
"There is a dynamism that wasn't present in my day."
Stephen is a partner in the Washington, D.C., law firm of Tighe Patton Armstrong Teasdale. He says he has always appreciated Rensselaer's excellent academics and notes that both the technical and economic understanding he received at Rensselaer have served him well as a specialist in telecommunications law.
The quality of his education, combined with his appreciation for Rensselaer's ongoing progress, inspired Stephen and his wife, Hope I. Dobrow, to leave 15% of their estate to an unrestricted endowment at Rensselaer.
"We don't have kids, so we asked ourselves what are the significant institutions that have affected our lives," Stephen says. "Rensselaer is one."
Gifts to the endowment are a great way for donors to make an impact in perpetuity, as these gifts are invested and only a portion of the accrued income is used. The endowment is literally the foundation for all that the university can do, providing an enduring source of funds to support faculty, maintain facilities and programs, and, most important, to provide scholarships and financial aid to students who cannot meet all of the costs of their education.
"A bequest is an easy way to make a contribution," Stephen says. "It is an easy way to give back to Rensselaer."