Skip to Content
MIT News magazine

Vivian and Sherwin Greenblatt

Framingham, Massachusetts
February 22, 2011

“I always felt that I wanted to give back to MIT as significantly as I could. It’s the nature of MIT to be a world leader, and I really wanted to support that leadership position,” says Sherwin Greenblatt, who along with his wife, Vivian, recently established a charitable remainder unitrust to be invested in the MIT endowment.

“I believe that MIT has some of the best investment managers in the country,” he adds. “So to be able to have them manage my gift is really a wonderful opportunity for us.”

The couple donated appreciated securities and got not only a tax benefit but also an income stream for life. “A key advantage for me is that the unitrust is invested alongside MIT’s endowment,” says Greenblatt. “Since it’s important to MIT that its endowment grow, we’re confident that our gift will be well managed. As the unitrust grows, we also benefit from increased payout.”

Greenblatt earned a bachelor’s degree from MIT in 1962 and a master’s degree in 1964, both in electrical engineering. As a student, he was a teaching assistant for Professor Amar Bose ‘51, SM ‘52, ScD ‘56, who offered him a job as the first employee of Bose Corporation. Greenblatt served the company for 38 years, including 15 years as president. He retired in 2002 and became the volunteer director of MIT’s Venture Mentoring Service, a program through which business leaders volunteer to mentor young entrepreneurs. Then, in 2005, he was asked to serve as MIT’s interim executive vice president and treasurer. In 2008, he again served the Institute, as interim executive vice president of the Alumni Association. Now he continues as director of the mentoring program. He and Vivian, whom he met in high school and married as an undergraduate, have two children and two grandchildren.

“A unitrust was the most attractive option in terms of both our retirement and estate planning,” he says. “Establishing it was a simple process, much easier than I thought. I was pleased to be able to make it happen.”

Donors can now establish trusts invested in the MIT endowment and benefit from its diversified investment portfolio. The income paid by such trusts has the potential to increase over time as the endowment does.

For giving information, contact Judy Sager: 617-253-6463; jsager@mit.edu. Or visit giving.mit.edu/ways/invest-endowment.

Keep Reading

Most Popular

A Roomba recorded a woman on the toilet. How did screenshots end up on Facebook?

Robot vacuum companies say your images are safe, but a sprawling global supply chain for data from our devices creates risk.

A startup says it’s begun releasing particles into the atmosphere, in an effort to tweak the climate

Make Sunsets is already attempting to earn revenue for geoengineering, a move likely to provoke widespread criticism.

10 Breakthrough Technologies 2023

Every year, we pick the 10 technologies that matter the most right now. We look for advances that will have a big impact on our lives and break down why they matter.

These exclusive satellite images show that Saudi Arabia’s sci-fi megacity is well underway

Weirdly, any recent work on The Line doesn’t show up on Google Maps. But we got the images anyway.

Stay connected

Illustration by Rose Wong

Get the latest updates from
MIT Technology Review

Discover special offers, top stories, upcoming events, and more.

Thank you for submitting your email!

Explore more newsletters

It looks like something went wrong.

We’re having trouble saving your preferences. Try refreshing this page and updating them one more time. If you continue to get this message, reach out to us at customer-service@technologyreview.com with a list of newsletters you’d like to receive.