Former Professor Leaves Trinity Nearly $3 Million Estate

Full story: Hartford Courant
It wasn't much of a surprise that Albert Gastmann would leave his estate to Trinity College when he died. Full Story
Sheri Martinez

Hebron, CT

#1 Jun 18, 2008
I met him while I worked in the Business Office. He was a wonderful man. He was dignified, yet funny and always a pleasure to work with. Heaven has been graced with a new angel.
Jamie M

United States

#2 Jun 20, 2008
May he rest in peace, what a generous gift.

That said, I always wonder about rich alumni who donate millions to universities. These schools already have huge endowments. If they need more money, they raise tuition.

I guess what I'm saying is, aren't there organizations and charities that need this money more?

Not to downplay the level of generosity - it was extremewly generous. But the fact is, we have homeless vets and hungry children in this country. Does a school that I ASSUME is fully funded (that's probably a very good guess) really need this?

I always feel that way when folks leave money to schools like Yale, which has a surplus in the HUNDREDS OF MILLIONS.
Mike from Hartford

Newington, CT

#3 Jun 20, 2008
Jamie M wrote:
May he rest in peace, what a generous gift.
That said, I always wonder about rich alumni who donate millions to universities. These schools already have huge endowments. If they need more money, they raise tuition.
I guess what I'm saying is, aren't there organizations and charities that need this money more?
Not to downplay the level of generosity - it was extremewly generous. But the fact is, we have homeless vets and hungry children in this country. Does a school that I ASSUME is fully funded (that's probably a very good guess) really need this?
I always feel that way when folks leave money to schools like Yale, which has a surplus in the HUNDREDS OF MILLIONS.
While I do understand your sentiment, I have to disagree. This person felt Trinity to be a deserving beneficeraryand he is allowed to leave his estate to whomever he wants. Whether they need it or not. It is not ours to judge.

It would be like, when you pass and leave your kids something, people saying, what do they need it for. They are educated, and have good jobs. COuldn't some other family use the money more?

The answer, as it is with Trinity is yes, but the owner of the wealth wanted them to have it, and itis as simple as that
Jamie M

United States

#4 Jun 20, 2008
Mike -

I wasn't saying to take the money away from Trinity - that's obviously his choice. I just wish people would think about giving millions to an organization that, in all likelihood, literally has more money than it knows what to do with.
Sheri Martinez

Hebron, CT

#5 Jun 20, 2008
Colleges/universities only get to spend a small portion of the interest per year. They rarely get to touch the principle, so they still need to increase tuition to meet expenses.

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