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A Parental Tribute Supports Future Students

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Jennifer Doak-Mathewson

2 min read

David Samuels '83
David Samuels ’83.

Beverly and Harold Samuels worked hard to support their children, David and Nancy. To supplement his position as a banking executive, Harold had his own business preparing income tax returns for more than 200 clients each tax season. Both were dedicated civic leaders, serving on the boards of several Hartford-area community organizations. Their children learned at a very young age that it was essential to give back to the community.

To honor his parents’ memory, David Samuels has established the Beverly and Harold Samuels Scholarship Fund at the UConn School of Business. “I hope to enable even one more student to complete his or her degree at UConn,” he said.

David was the first in his family to graduate from a four-year college when he obtained his bachelor’s degree from UConn in 1983. “Attending the University of Connecticut enriched my life immeasurably,” he said. David was an active member of business fraternity Delta Sigma Pi, graduated magna cum laude, and went on to obtain his M.B.A. from The George Washington University. He began his career with KPMG and has worked in both the real estate and technology industries. David is currently the CFO for a Maryland-based health care IT company.

David has taken his parents’ example to heart in other ways, too, serving as chairman for the Charles E. Smith Life Communities, one of the nation’s largest not-for-profit eldercare service providers, and holding fundraising roles for the D.C. chapter of the National Kidney Foundation, the Network for Teaching Entrepreneurship, and several other organizations.

While he has found much success in the D.C. area, David has not forgotten his roots. “College was an expensive endeavor for my parents,” he said, recalling how hard his father worked to support part of his children’s education. “Thirty years later, it is almost impossible for students in the financial situation I was in to fund his or her own college education,” he said. “That’s why I wanted to establish this scholarship.”

David’s commitment to philanthropy is affirmed with a bequest intention, which will take the form of a life insurance policy that will add to the fund after his passing. If you’d like to follow David’s example, take a look at our planned giving section.

Learn More About Planned Giving

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Philanthropy to UConn Provides $600M for Connecticut

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Jennifer Doak-Mathewson

2 min read

Susan Herbst speaks at an event
An event to announce the results of a study on the economic impact of the university held at UConn’s SS&C Technologies Financial Accelerator in Hartford on Sept. 17, 2014. (Peter Morenus/UConn Photo)

UConn generates $11.80 for every state-funded dollar, according to a report prepared by an independent analyst and released this week by the University.

Using the same formula, that means that the $50.9 million made available to UConn in fiscal year 2014 from private gifts and commitments through the UConn Foundation generated more than $600 million for the state’s economy, the UConn Foundation announced this week.

“Donors take tremendous pride in the transformation underway at UConn,” says Joshua R. Newton, the foundation’s president and chief executive officer. “They have demonstrated their support by increasing their philanthropic support for the University.” In recent years, UConn’s alumni and friends have steadily increased their new gifts and commitments to the University, from $42.6 million in 2009 to $81.1 million in 2014.

Philanthropic support in fiscal 2014 to UConn increased by 27.4 percent over the preceding year, the highest level of private new gifts and commitments to the University in the 50-year history of the UConn Foundation.

In fiscal year 2014, new contributions and commitments from donors were:

  • $21.6 million for student support
  • $7.2 million for research
  • $4.6 million for faculty
  • $43.9 for programs support
  • $3.8 million for capital improvements

“We are particularly proud of donors’ support for students, which enhances their academic experience and ensures UConn continues to attract talented students,” says Newton.

The $3.4 billion annual economic value of UConn to the state was calculated by the national research and consulting firm Tripp Umbach, and it was released by the University Wednesday. The independent firm used data from university sources to measure UConn’s economic activity, both through money spent by the institution itself and the re-spending of funds within the local economy by businesses and households. UConn’s impact includes more than 24,000 jobs, over $202 million in tax revenue, and roughly $373 million from research, according to the Tripp Umbach report.

“As UConn embarks on new initiatives like Next Gen Connecticut, we want to continue to align our fundraising efforts with university priorities, leveraging the significant investment made in UConn by the state and its citizens and helping the university continue to achieve its objectives,” says Newton.

For more information on UConn’s economic impact on Connecticut’s economy, visit the Economic Impact website. A recording of the economic report briefing can be found on the Connecticut Network.

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