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Crouse Health Foundation Receives Major Gift for Nursing Scholarships

03/11/11

Marley Outside - News Size

 

The Crouse Health Foundation recently received an estate distribution of more than $150,000 from the Estate of Robert Basso. This gift was made possible by The Basso Trust, a charitable fund established by his parents, Albert and Esther, in 1980. Per Robert Basso’s instructions, proceeds from this generous gift will benefit the Crouse Hospital School of Nursing, located in the Marley Education Center, above, and its students.

According to a family history written by Robert, his parents were caring, industrious people who sought to provide for their family and their community. Both were committed to education. Albert was an engineer who worked at several institutions of higher learning and was “an unquestionably honest man, of the highest moral character.” Esther enrolled in college at the age of 65 to obtain her Bachelor’s degree, and she was a “good mother, fine person and keen business person, who supported her husband of more than 50 years through loyalty and deed.”

From 1993 until his death last year, Robert was the sole trustee and beneficiary of his parents’ trust. To honor them, their hard work and good deeds, he directed that the money in his family’s trust establish the “Esther Rita Basso Scholarship Fund” to assist Crouse Hospital School of Nursing students. This scholarship fund is now part of the Crouse Health Foundation’s Endowment Fund, making it permanent (the principal of the gift will never be touched; investment income only will be used each year to award scholarships to Crouse students in Esther Rita Basso’s name.) We are deeply grateful to Robert Basso and all the members of his family for this gift and their vision, generosity, and meaningful investment in the training of nurses here at Crouse Hospital.

The Crouse Health Foundation's Endowment Fund was established through a $5 million community campaign in 1983 to serve as a permanent source of monies for equipment, programs and services at Crouse Hospital. Today, through new gifts and prudent investments, the market value of the Endowment Fund stands at more than $20 million in assets. Additionally, with a planned disbursement of $900,000 in investment income from the fund this year, more than $16 million has been given back to Crouse Hospital for high-priority needs since 1988.


Cheryl Abrams
Crouse Hospital
Communications Department
Phone: 315/470-7123
Fax: 315/470-7232
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