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 scholarships at four universities:

University of Illinois Urbana-Champaign (UIUC) has "Rada Scholarship in AI and Healthcare".

UIUC website that cites my endowment.
University of Maryland Baltimore County (UMBC), has the "Rada Scholarship in AI and Healthcare" (available on its scholarships website in the summer of 2025).
University of South Florida (USF) has "Rada Scholarship in AI and Healthcare" (click on the link, then on 'search for fund', and then type 'Rada'), and
Wayne State University (WSU) has the "Rada Endowed PhD Thesis Research Award in Artificial Intelligence and Healthcare" (available on its scholarships website in the summer of 2025).

Those were chosen because I earned my PhD at UIUC, retired from UMBC, am impressed with USF's AI and medicine work, and started my career at WSU. The Scholarship Agreements between each university and me are the same in spirit. Details vary by university; for instance, UMBC's scholarship is managed by its University Graduate School, WSU's, Engineering College, UIUC's, Medical School, and USF, the USF Foundation. The UMBC Agreement specifies:

The purpose of the Fund is to provide scholarships for PhD students from any UMBC 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. If there are no qualified candidates, preference will then be given to students with a hypothesis focused on artificial intelligence.

The Agreements at the other universities have a similar 'Purpose' specification.

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

UIUC — LTSF website that cites my endowment.