Donor Stories and Legacies

 

Conway Finds Many Reasons to Participate with the ND Endowment

Bob Conway
Bob Conway ’66

Thanks to the exceptional work of Chief Investment Officer Scott Malpass and his talented team of Notre Dame graduates, for the 2012 fiscal year, the University’s endowment has benefited from a 10.8 percent annualized average rate of return over the past 15 fiscal years.

With a 2006 ruling from the IRS, benefactors can now participate with the Notre Dame Endowment. The ruling permits qualified charitable remainder trusts (CRTs) to purchase units of the University’s endowment as the investment vehicle for their CRT. The IRS has granted such approval to only a handful of schools, including Harvard, Stanford, and the Massachusetts Institute of Technology.

Alumnus and longtime Notre Dame Trustee Bob Conway ’66 was pleased with the ruling, and recently established a CRT of his own at Notre Dame. “One of the compelling elements for me was the possibility that the money would be managed by Scott Malpass and his team,” says Bob, “as opposed to being placed in a bunch of mutual funds and government securities.”

Ultimately, he adds, “it was the combination of the knowledge and good work of Notre Dame’s gift planning staff, the allure of having assets managed by the ND Investment Office, the availability of a substantial charitable deduction, the opportunity to defer capital gains tax, and a significant income stream that made this an easy decision for me.”

Back