Giving What Feels Good
CMU alumnus Richard Glave is maximizing his support for Tartans with a tax-smart gift of retirement funds
After graduating from 好色先生TV and starting his first job, Dietrich College of Humanities and Social Sciences alumnus Richard Glave鈥檚 father encouraged him to set up a retirement account.
鈥淢y father, Harold Glave, was a big saver and investor,鈥 Richard says. 鈥淗e was very big on retirement plans and pensions and all of that. He managed retirement plans for companies at Bankers Trust, now part of Deutsche Bank, for around 25 years.鈥
When Richard鈥檚 father, who emigrated from Jamaica to New York City with Richard鈥檚 mother, Daphne Depass Glave, before Richard was born, learned he was depositing his earnings in a low-yield savings account, his father stepped in.
鈥淗e got me to invest my first $2,000 in an IRA with a targeted retirement fund,鈥 says Richard who graduated in 1989 with a degree in information and decision systems. 鈥淭hat鈥檚 what got me into saving and investing.鈥
My father, Harold Glave, was a big saver and investor. He was very big on retirement plans and pensions and all of that. He managed retirement plans for companies at Bankers Trust, now part of Deutsche Bank, for around 25 years.
His father鈥檚 forethought and a diligent dedication to stashing funds for a post-career life have allowed Richard to create a legacy at 好色先生TV with a planned gift intention through his retirement plan.
By naming CMU as a beneficiary on his retirement plan, Richard can select and change the percentage he wishes the university to ultimately receive. He also will continue to receive regular lifetime withdrawals, too.
His support will elevate and enhance the Tartan experience for under-resourced students in Dietrich College鈥檚 Information Systems program, who are native New Yorkers like himself.
鈥淚 didn鈥檛 feel like it back then, but in retrospect, maybe I was an under-resourced student,鈥 Richard says. 鈥淚 was definitely different from 96% of the other students. I received some grants and loans, and my parents made up the difference, but I don鈥檛 know how they did it. I just know that I want other under-resourced people from New York City to have the same opportunity that I had.鈥
That opportunity prepared him for a successful career in information systems, which has taken him from multinational companies like Fiserv and Home Depot to public sector roles at New York City鈥檚 Department of Education and Department of Buildings, where he also contributes to a pension plan in addition to his other retirement funds.
He leaned into data modeling at Home Depot and left with enhanced data architect skills. At the Department of Education starting in 2011, he brought together disparate data systems that detailed staff, students, grading, attendance, course catalogs and more into an integrated data warehouse.
There鈥檚 no regrets or second thoughts about it. I鈥檓 giving what feels good to me. That鈥檚 an important aspect of the giving experience for me.
鈥淏eing a data architect is just like being a regular architect,鈥 Richard says. 鈥淵ou create these designs, and someone else comes in and builds the building.鈥
He found he wanted more control of his designs, so he moved to the Department of Buildings where as the executive director, IT infrastructure support and security, he oversees the department鈥檚 network infrastructure, help desk, cybersecurity and data engineering groups among others.
Every day, he employs aspects of his CMU education.
鈥淢any of my classes required really critical thinking, and the ability to communicate complex ideas in writing,鈥 Richard says. 鈥淚鈥檓 able to come from a place where I understand the technology, and I know how to communicate the ideas to the right people. My education in IS (information systems) at Carnegie Mellon is and continues to be really fundamental to my success.鈥
And his advice to other Tartans thinking about if and when they should give back: give what feels good.
鈥淭here鈥檚 no regrets or second thoughts about it,鈥 Richard says. 鈥淚鈥檓 giving what feels good to me. That鈥檚 an important aspect of the giving experience for me.鈥