Trusts and Philanthropy

A life in general has three phases:

learn to fill a role in an organization,
fill that role, and
retire and die.

I, Roy Rada, am near the end of the third phase, but phases one and two did not prepare me for phase three -- "too soon old and too late smart" -- to learn about my life click here.

Trusts

In 2023 I created six trusts and divided all my assets among them:

one for each of my three children,
two for my wife, and
one for research.

For the research details, see the Trust Agreement for Rada Research Trust. Within that Agreement, Section 4.1 Beneficiaries states:

This Trust will support the legacy of the Trustor as a researcher in artificial intelligence and contribute to advances in science, engineering, and health care as delineated in a separate Appendix which defines the class of possible beneficiaries.

As the next section shows, in 2024 I began actualizing the research trust.

Philanthropy

I endowed in 2024 "Rada Scholarships in AI and Healthcare" at four universities. These links points to the university site listing my scholarship:

University of Illinois Urbana-Champaign where I earned Ph.D.
Wayne State University first tenure-track job
University of Maryland Baltimore County retired
University of South Florida

Details vary by university; but this purpose statement is typical:

The purpose of the Fund is to provide scholarships for PhD students from any University of Maryland Baltimore County department who have already begun their thesis research. Preference will be given to students with a hypothesis focused on the intersection of artificial intelligence and healthcare.

In March 2025, I endowed the "Dr. Roy Rada Family Legacy Fund" at Lawrence Township School Foundation (LTSF) in Indianapolis, Indiana where I went to 7th and 8th grade.

UIUC — LTSF website that mentions my endowment.