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Hank Asch
Alumnus of "Modest Means" Provides Big Support to Rensselaer

Hank Asch '53 has had a colorful life and an interesting, varied career, but he'll quickly tell you his 25-plus years as a civil servant didn't make him rich. Even so, Hank has found a way to increase his income in retirement and make a substantial gift to Rensselaer through a charitable gift annuity.

Hank graduated from Rensselaer with a mechanical engineering degree and says, "It was a very prestigious degree that served me well in beginning my career. The curriculum was wonderful, and I made lots of very good lifelong friends there."

Shortly after graduating from Rensselaer, Hank moved his family to California. He progressed through several engineering positions including jobs with the U.S. Navy and Air Force. When a former co-worker joined NASA, he recruited Hank to join him. Hank spent the final 25 years of his career there, serving as Reliability and Quality Assurance Manager for several major space programs. After retiring, Hank and his wife, Helen, traveled full-time in their RV for 14 years before settling in Auburndale, Fla.

Attending his 25th reunion reconnected Hank with Rensselaer and he began making "modest" annual fund contributions. A few years ago, Rensselaer sent Hank some literature about charitable gift annuities (CGAs) that piqued his interest, and he called for more information. The result was a $10,000 gift that actually increased Hank's income over the return from a CD, offered him immediate tax advantages and provides unrestricted funds to support Rensselaer.

"I did myself a favor, didn't significantly reduce the inheritance my three kids will receive, and am able to experience the joy of giving a sum of significance to Rensselaer," he says.

More than 90 percent of Rensselaer students require financial aid. To learn how you can provide scholarship support through a CGA, contact Arthur T. Tracy at 518-276-2561 or tracya@rpi.edu.

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