Art and Sandy Riedel say the personal connections they have made at MIT inspire their ongoing support for the institution, especially for programs that instill leadership skills in students. “MIT is a wonderful collection of wonderful individuals,” says Art. “We support MIT because we believe it is a way to maximize our positive impact on the world.”
Invest with confidence. The couple set up a charitable rest unit trust, which provides income to the donor or other beneficiary while they live and then goes to MIT for a designated reason – in Riddles’ case, leadership programs. Both are now retired; Throughout his working life, Art was CEO and investor in wireless communications and pharmaceutical software, and Sandy was an orthopedic surgeon. He is confident in the management of his gift through MIT Investment Management Company. “We can’t think of a safer or more profitable place to have those retirement funds,” says Art.