As the first planned giving
officer with the Palm Beach
County Chapter of the American
Red Cross, Larry Ochstein had
quite an orientation.
Larry had been recruited in
1992 for a two-year position by
his friend Frank Pilotte, a Red
Cross board member. He had
moved to Palm Beach in 1976
after a successful business career
in South Bend, Indiana, and had
been an active volunteer for many
years. Having held positions with
the B'nai B'rith Foundation, the
American Jewish Committee and
the March of Dimes, Larry was
chosen for the Red Cross position
for his fundraising experience,
although he had no experience in
Before he was to start the job,
however, he took a previously
planned vacation. He watched
from a hotel room in Salt Lake
City as Hurricane Andrew ravaged
south Florida. A week later, he
started his job – in the midst of a
full-scale disaster relief operation.
The experience gave Larry a clear
idea of just how important the
Red Cross is in a time of
During Larry's time of service as
a planned giving officer his
mother died, leaving him a sum
of money. A contributor to the
Red Cross since 1990, Larry was
committed to the organization's
mission and decided to use part of
the inheritance to establish a
charitable gift annuity.
Now retired, Larry lives in Palm
Beach. He has three sons, two in
Palm Beach and a third in
California, as well as a daughter in Washington,
D.C. He still serves the Red Cross as a volunteer.
Because of his first experience with the Red
Cross following Hurricane Andrew, Larry is
especially dedicated to disaster relief. He also has
a special interest in the HIV/AIDS education
program we bring to area schools.
He stresses the importance of the donor's
philanthropic intent as the key ingredient in any
planned gift, but says he has been very pleased
with his payments, as well.
For Larry, the charitable gift annuity has been
an ideal combination that has provided him with
a reliable monthly income while allowing him to
make a significant philanthropic gift to a charity
he believes in.
If you are interested in finding out about how
you can arrange a "life income gift" or include
the Red Cross in your estate plan, please visit
www.redcrosslegacy.org or call (800) 797-8022 Ext. 5
The Red Cross offers charitable gift annuities
for individuals age 65 and older and deferred
payment gift annuities for those under 65.