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HARTFORD HOSPITAL Volume IX Fall, 2001
PROVIDING FOR THE YEARS AHEAD
Marc C. Abrahms
A Man of Creative Means
In many ways, Marc C. Abrahms has led a charmed life. Although an
insulin-dependent diabetic since age five, he is an exceptionally successful
businessman, a dedicated philanthropist, a devoted father, a world traveler and
a professional photographer.
Marc, a West Hartford native, is President and Chairman of the Abrahms
Corporation. Prior to being acquired by Brown & Brown (BRO-NYSE), the eigth
largest insurance broker in the country, Abrahms was one of the largest employee
benefit insurance agencies in New England. Marc is now Chairman of the Board of
Brown & Brown of Connecticut. Marc has also donated many hours and a great deal
of money to numerous not-for-profits that have touched his heart and impressed
him intellectually. These fortunate institutions include Clark University (his
alma mater), the Hebrew Home and Hospital in West Hartford, The George
Washington University, Juvenile Diabetes Foundation, The University of Hartford,
and the Jewish Federation of Greater Hartford. More recently, Hartford Hospital
and the United Cerebral Palsy of New York have been recipients of his
generosity.
Marc's service to others began early. The youngest Trustee in Clark
University's history, he joined the Board of the Hebrew Home and Hospital when
he was only 22. Related to this experience, he has the rare distinction of
having a boulevard named for him (as well as his father): Abrahms Boulevard,
which leads from Bloomfield Avenue to the Hebrew Home. Marc was introduced to
the Hebrew Home and to philanthropy by his father, who invited him to attend a
Board meeting. Marc was smitten. He quickly was asked to serve on the Home's
Board and Executive Committee. At the age of 36, Marc became Chairman of the
Board of the Hebrew Home, becoming the youngest chairman in the Home's history.
In the mid-1980's, Marc served as Co-Chair of its Capital Campaign that helped
raise the money to construct a new facility in West Hartford. This campaign
aimed to raise $5 million over three years. With Marc's assistance, $9.3
million was raised.
While not conventionally religious, Marc adheres strongly to the Jewish precept
of "Tsedakah." Often translated as "charity," Marc defines this word as "World
improvement: an investment, though not necessarily a financial one, in a world
beyond oneself and a commitment to give in whatever way one is capable for this
purpose." Marc is truly passionate about the causes he selects and, in keeping
with his pronounced creative bent, has chosen a variety of somewhat unusual
methods to facilitate his philanthropy.
Marc has made Hartford Hospital a beneficiary of his retirement plan. He notes
that this is a "wonderful vehicle for giving" as such benefits are otherwise
taxed twice. He emphasizes, though, that this gift was made for emotional
reasons, not financial ones.
This significant planned gift is made in honor of Dr. Neil J. Grey. Marc notes
that it was not so long ago that a person with juvenile diabetes, onset at age
five, had a life expectancy of 28 years. Now 53 and going strong, Marc (despite
himself as he puts it) has avoided the terrible multi-systemic failures
(blindness, major coronary disease, loss of limbs) all too commonly associated
with this debilitating illness. He gives great credit to his friend and
physician Dr. Grey. Departing from his highly humorous demeanor, Marc speaks
glowingly and movingly of Neil Grey, stating that he is a man of compassion and
sensitivity, an "old-fashioned physician who is a true people's advocate."
Marc remembers the serendipitous circumstances under which they met. Marc was
23 years old. He was in his Farmington Avenue apartment when he heard the
screech of brakes and a loud crash. He ran downstairs to see if he could help
but Dr. Grey was already assisting one of the crash victims. Later, after the
ambulance arrived, Marc asked about liability exposure. Dr. Grey responded that
he was certainly aware of this risk but a human being needed help. Consciously
weighing his choices, he made the clear decision to help. Right after this
encounter, Marc asked Dr. Grey to be his doctor.
With this one gift in Dr. Grey's honor, Marc:
-- honors a wonderful and beloved doctor;
-- furthers his own estate plan, through which he hopes to continue benefitting
the world, including his "unborn grandchildren;"
-- improves the lives of patients suffering from diabetes (as the gift is
restricted to Diabetes LifeCare);
-- contributes toward the Hospital's reaching an ancillary goal of the 150th
Anniversary Campaign: $5 million in bequest intentions.
We are very grateful to Marc C. Abrahms for his generosity, support and
ingenious gift. Hartford Hospital, its paients and the Greater Hartford
community will remember his kindness for years to come.
Bail 1995, Four Boats, a photograph from Marc's book, "Water Colors." All
royalties will go to United Cerebral of New York to raise money for the housing,
medical, dental and technical needs of people with cerebral palsy
-- another
example of Marc's originality in giving.
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