George H'10 and Dorothy H'10 Hennings

After teaching for many years as members of Kean's faculty, both George and
Dorothy retired. While they had saved enough money for retirement, they
were concerned about the impact that a drop in the stock market and
inflation might have on their savings.
When asked what has inspired Dorothy to give back to Kean, she shared the
following: "We wanted to clean up our portfolio and get
rid of some stocks that were not paying very well in terms of dividends. We
were looking for something that could perform better."
Many years ago, Dorothy spoke with the Vice President of Institutional
Advancement at Kean University about establishing a charitable gift
annuity. Based upon that conversation, Dorothy learned that she and George
would receive a good payout based upon their respective ages. They would
also receive a charitable income tax deduction and part of the annual
interest payment would be tax free.
George had added, "Not only is the rate that we got on our gift annuity
better than what certificates of deposit can bring, but it was even
outpacing inflation; thus, our money was really working for us and, of
equal importance, upon our passing, the residual from our gift annuities
will go toward our endowed scholarship."