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Emerson Yearwood, who has had the longest career as a lawyer in the communications industry, is responsible for providing support and volunteering to MIT students. His current focus is on MIT Community Advancement Program and Fund (BCAP) alumni who support student proposals for public service projects that meet the needs of colorless communities on campus and off-campus. In 2020, Yearwood worked with the MIT Office of Gift Planning to create a charitable gift income (CGA) to strengthen the BCAP fund.
“Win-win situation.” A CGA provides a fixed annual income for one or two people for the rest of their life and is then directed to an area designated by MIT lenders. “The revenue, along with the tax deduction, will minimize the out-of-pocket cost of this gift,” he says. “The BCAP fund will get a healthy gift that should be multiplied by the smart investments of MIT’s money managers. In the end, it seems like a win-win situation. ”
Opening the doors. “Walking down the infinite corridor, you feel how MIT has an energy and how you have to climb to join it,” Yearwood says. Supporting current and future MIT students in underserved communities is one way to do this. “Because of my MIT education, I’ve never felt like I’ve been faced with a problem that was insurmountable,” he says. “I think it’s a duty to make sure the door is open to others.”
Help MIT build a better world.
Amy Goldman: 617,253,4082;
goldmana@mit.edu.
Or visit giving.mit.edu/planned-giving.
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