Cornell University Charitable Remainder Trust

This is a letter that I sent to Chip Bryce director of Cornell University's department of trusts and estates. Anyone thinking of giving money to Cornell the the benefit of their descendants should take heed. My father a considerable sum of money to them for the education of his grandchildren. They refuse to give me, the father, an accounting of how they are handling that money. They refuse to deposit the income of that trust into my son's educational IRA and have threatened to withhold the money from him until he is 25.


Dear Mr. Bryce,

You may not, as you say in your email below, need to speak with me but your unwillingness to do so, your persistent interrupting of me which made it almost impossible for me to complete a single sentence when I telephoned you, your unwillingness to send me a copy of a letter that you said you had sent me but which I did not receive, and your hanging up on me was totally rude and inexcusable. You may be able to do whatever you want as you asserted and I shall in turn will seek legal recourse and publicize your cavalier treatment of me and your unwillingness to act in a manner consistent with my son's best interest and my fathers wish to fund his education.

As I attempted to tell you while being being to uncivilly and continuously interrupted it that you initially emailed Mario Papa and asked him to send you the contact information for Seths parents. He for some unknown reason sent you only the address for Seth's mother. You used that fact to justify sending his mother a check for $21,000 and refusing to follow my wishes that the money being disbursed by Cornell be put into Seth's IRAs. I contacted Mr. Papa and he sent you my contact information thus nullifying that argument. I called you today to discuss this with you and must say that I have never spoken with anyone who treated me in such an ill-mannered fashion. I particularly did not appreciate your threats to withhold funds from Seth until it was eight years beyond the age at which he should enter higher education. Finally I am outraged at your prior refusal to give me, Seth's father any accounting of the funds that you are supposed to be managing for Seth's benefit.

As I said in the first paragraph I am completely willing to publicize the way Cornell University treats the recipients of Cornell Charitable remainder trusts and their parents on 137 web sites and blogs that deal with consumer affairs which I link to on a regular basis.


Sincerely,

Rev. Bren Jacobson

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