SHARE

Blog

Blog

rss

The Community Foundation Blog


When Passion Meets Philanthropy
By The Community Foundation / February 2, 2017
When Passion Meets Philanthropy

When Passion Meets Philanthropy

Stuart Siegel is a man with many passions – for his business, the Jewish community, homeless pets, and the VCU Rams. He also has a generous spirit that has led to support for philanthropic endeavors related to these very things. By working with The Community Foundation Serving Richmond and Central Virginia (TCF), Stuart has been able to combine his passion and generosity into his estate plans and, in doing so, provide continued support for the nonprofits most important to him. 

Stuart established a donor advised fund at TCF in 2005 and joined its Board of Governors in 2012. As his relationship with TCF has grown, so has his philanthropy. This summer, Stuart worked with the Foundation’s staff to outline his philanthropic legacy, which includes two endowed funds at the Richmond Jewish Foundation, and two endowed funds at TCF to support homeless animals and his beloved VCU Rams. Because of his love for the Richmond community, where he was Chairman of S&K Menswear for over 35 years, he is also providing unrestricted support to address the changing needs of our community.

The Stuart C. Siegel VCU Athletics Fund will provide annual support for VCU Athletics to ensure that the basketball program prospers for generations to come.  This will be one of the largest endowments supporting the overall vibrancy of VCU Athletics. 

“VCU Athletics would not be what we are today without Stuart's incredible generosity,“ said Ed McLaughlin, VCU’s Associate Vice President and Director of Athletics.  “He has given so much of himself to our department over many years, including his amazing financial support. Our rapid growth to a nationally-elite program started with the Siegel Center being built. This gift will impact many, many future generations of VCU Rams.”

TCF is pleased to be able to provide the platform for Stuart to easily and efficiently support his passions in perpetuity.  By creating these funds through his estate, Stuart is able to consolidate his philanthropy and ensure that his philanthropic intentions are being carried out after he is no longer here to articulate them. 

“By working with TCF, I am able to leverage its capable administration and investment of my assets to do even more for the organizations and community issues I care about.  I trust them to watch over these assets and make sure that, in the decades to come, they are used in the way I envision today,” said Stuart. 

Sherrie Brach Armstrong, President and CEO of TCF, lauds Stuart, “He is a man of great vision and we are pleased that he sees TCF as his philanthropic partner. We are proud to be a part of this unique collaboration with VCU.”

“Our Legacy giving program is a critical step for our strategic fundraising efforts” said VCU Executive Associate Athletic Director Glenn Hofmann. “Stuart’s gift and the passion he has for VCU Athletics and our future is inspiring and gives great confidence that we will continue to provide our student-athletes with a positive experience."

 

Create a Charitable Legacy

 

blog comments powered by Disqus