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Walter and Helen Morgan Made One of the Largest Cumulative Individual Gifts in Bryn Mawr Hospital History
Walter Morgan, founder of a worldwide investment firm, Wellington Management, and his wife Helen, were immensely generous to Bryn Mawr Hospital. Their spirit of philanthropy extended beyond their lifetimes and into a lasting legacy with a provision to continue supporting the Hospital through their estate plans.
The Morgans were residents of Bryn Mawr and both always appreciated the care they received at Bryn Mawr Hospital. They contributed more than $2 million to the Hospital’s programs and services during their lifetimes, and nearly $3.5 million through estate gifts, including a charitable remainder trust.
According to Michael Robinson, a long time friend of the Morgans, Walter chose the Bryn Mawr Hospital Foundation to administer a large charitable trust and serve as trustee, because he knew the trust would be well managed and would benefit from the low-fee structure available within the foundation. "What they really wanted to do was help the Hospital be as good as it could be so the community could benefit from it," he says.
You can find this entire article on page 11 of the Spring 2008 Bryn Mawr Hospital Partners magazine.
Click here to learn more about the benefits of creating a charitable remainder trust.