Robert B. McIntosh, Jr., EE’61, and Suzanne T. McIntosh
After graduating from high school in Scarsdale, NY, Robert B. McIntosh, Jr., EE’61, earned an electrical engineering degree at Penn and then a Master’s degree from New York University (NYU). Early in his career, Bob managed a team that developed an Apollo 17 experiment that thermally mapped the dark side of the moon from lunar orbit. In 1986, he founded Horizon Technology Group, Inc. (HTG). HTG provided strategic planning assistance to government agencies, companies, and research universities, and later performing research and development for the Navy, Air Force, Defense Advanced Research Projects Agency (DARPA), and United States Department of Agriculture (USDA).
Upon receiving information on Penn’s Charitable Gift Annuity (CGA) program, Bob was intrigued. “My wife, Suzanne, and I did not expect to make such a significant philanthropic gift to Penn; however, after learning more about CGAs, we found it a good fit. It was so satisfying to find a technique that would help Penn’s mission and future generations of students to obtain a superior education―one which I was so fortunate to obtain. I must confess, when I first learned about CGAs, I was motivated by the ability to obtain a source of guaranteed high-income compared to bonds, CDs, and other fixed-income investments. Contributing appreciated assets to a CGA also allowed me to rebalance my investment portfolio without any significant tax consequence. Spreading the value of a charitable gift tax deduction over multiple years is just another unique benefit.
“A Penn CGA is clearly a win-win situation for both the University and its alumni. Penn keeps the residuum of our gifts when we pass; but until that time, our retirement is enhanced by a high-income stream.”
Both Bob and Suzanne’s gift annuities will benefit the areas of the University where the need is greatest. Areas most often include student financial aid, residential experience, student life, and academic support, along with special University initiatives.