Washburns Give So Others Can Get an Education of a Lifetime at UMass
Paul C. Washburn III ’81, ’84 MBA is a graduate of the University of Massachusetts Amherst’s College of Engineering. His wife, Elizabeth (Baker) Washburn ‘84 is a graduate of the Isenberg School of Management at UMass.
Paul has remained involved with the College of Engineering since graduation. He currently serves on the Industry Advisory Board for the Department of Mechanical and Industrial Engineering, and he is a former co-chair of the board.
He and his family have also endowed an academic scholarship that provides financial support to several undergraduate industrial engineering students each academic year. Paul and Beth provide a gift each year to grow this endowment. Paul sees this as a way to give back to the college and department that provided him with the education that gave him the tools for a highly successful career in industrial engineering and quality systems management.
Recently, Paul modified his estate plan to provide a gift from his traditional IRA to the scholarship. This IRA designation will provide support for the continued growth of the endowment for future generations of industrial engineering students. Gifts from the traditional IRA can also provide tax advantages to Paul’s estate.
Paul and Beth reside in Hopedale, Massachusetts. They have two grown sons who have gone on to professional careers. They enjoy traveling and spending time with family.
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