"A Gift to Do Good in the World"
At age 72, Mr. Norman B. Rosenfarb considers himself a happy and lucky person. He has received treatment at Morristown Medical Center only once or twice, yet he fully believes that supporting the hospital is a way to put his money to good use. Two factors played a pivotal role in his gift decision: "I wanted to give where it can do somebody some good, and I wanted to give locally."
A lifelong resident of New Jersey, Mr. Rosenfarb worked hard for his "luck." As owner of Accurate Waste Systems, Inc., he devoted seven days a week to the business until his retirement in 2005. Currently, he enjoys a part-time position at the Beyer Ford dealership in Morristown. He explains that now he works for pleasure, without the stress of operating a business. "I'm just happier," he says.
Mr. Rosenfarb notes that everybody has different ideas about what to do with money. He won't give funds to those friends or family who are already wealthy because, as he says, "Helping somebody who needs it makes more sense to me. My financial advisor of 25 years, Stephen Gribbens of Wells Fargo Advisors, has given me great advice about my investments."
Consequently, he has established four charitable remainder trusts to support those organizations that assist people in the community. The father of two and grandfather of two more has set up charitable remainder trusts so that funds go to designated people during their lifetimes, with the remainder going to the hospital, to his alma mater Monmouth College (now Monmouth University), to St. Hubert's Animal Welfare Center, and to Mount Freedom Jewish Center. He likes giving to Morristown Medical Center because he can see how charitable gifts are being used to provide state-of-the-art facilities and outstanding medical care.
As a member of the Brookfield Legacy Society, Mr. Rosenfarb anticipates future benefits, such as the Recognition Luncheon, health and financial planning seminars, and Courtesy Plus amenities when hospitalized. He is quick to point out, though, that giving back to do good in the world is the most rewarding gift he can imagine.