Edwin G. Roos, Wilson Society member, has established six charitable remainder trusts with Hospital for Special Surgery. He recently shared the story behind his decision to use the charitable remainder trust to make a planned gift to the Hospital.
Edwin G. Roos first came to HSS in 1977 to be treated for a ski injury. He returned to the Hospital in 1990 for surgery to repair a rotator cuff tear in his shoulder, and again in 2002, when he fractured his leg while body surfing, an activity he has enjoyed since his youth.
"I've had a series of doctor-patient contacts with HSS; and I've enjoyed their therapy, their treatment, and the doctors—they've been terrific," he commented.
In appreciation of the care he has received over the years, Mr. Roos was moved to provide philanthropic support for the Hospital. Recently, he established his sixth charitable remainder trust (CRT) with HSS. The CRT is a planned gift option that provides income to its beneficiaries for life or over a period of years. The remaining funds in the trust are transferred to charitable organizations chosen by the donor.
The CRTs Mr. Roos has established will provide annual income to each of his five grandchildren over the course of 20 years. "Through a CRT, I can make a meaningful gift to Special Surgery, which has had a tremendous impact on the quality of my life, and I can provide for my grandchildren's future."
Raised in Rockville Centre, New York, Mr. Roos graduated from Massachusetts Institute of Technology with a degree in engineering. After serving two tours of duty in Germany (World War II and the Korean War) for the U.S. Army, he returned to New York in 1952, where he began working for his father at Williams Real Estate Co., Inc., a Manhattan-based real estate firm.
Today, he is one of six partners at GVA Williams, a subsidiary of Williams Real Estate, and has said that he knows how important health-care institutions are to the vitality of New York City. "Hospitals are an integral part of this city, and HSS is at the top of the list," he remarked.
"Making a gift to HSS through the CRT has countless benefits—to my grandkids, to the Hospital, to my tax load," he commented. "There is not a better way to give."