Share September 4, 2013The AIChE Foundation’s Legacy Society recognizes the foresight and generosity of people who have given special gifts, endowments, and other forms of long-term financial support to the Institute.One recent Legacy Society inductee is John C. Tao, President of O-Innovation Advisors LLC (Allentown, PA). Tao, an AIChE Fellow and a recent Institute director, has named AIChE as a beneficiary of his charitable trust. This gift will provide funding for programs that will help AIChE to support the educational and professional enrichment of chemical engineers for years to come.Tao, a former vice president of open innovation at Weyerhaeuser, says that soon after he retired from industry and established his consulting practice, he realized that his chemical engineering training — “the unique combination of technical know-how and management experience” — was his most valuable asset. As a consultant, he was reminded of the immense impact AIChE has had on his career, and he decided it was “time to give back.”By naming AIChE as a beneficiary of the trust he and his wife, Rose, established, Tao hopes that the gift can leave a lasting legacy for the Institute. He adds, “I would like to see more young professionals stay involved with the Institute as they move up the management ladder in their careers.”Through bequest provisions, life-income gifts, or other deferred giving arrangements that name AIChE a beneficiary of an estate plan, Legacy Society members achieve their own financial goals while providing enduring support for the Institute. Learn more about the Legacy Society at www.legacy.vg/aiche/giving/2.html.Related Topics: General InterestRelated Content: AIChE Foundation Sets Policy for Endowments and Bequests August 30, 2013To accommodate the wishes of donors who want to see their long-term financial support of AIChE used for specific projects and phil- anthropic endeavors, the Institute’s Board of Directors has approved a new AIChE Foundation policy pertaining to endowments and bequests. The policy formalizes several categories of sup- port under the endowment designation — one of several types of contributions that AIChE accepts from benefactors.