Capitol Hill Village Endowment Trust
In March 2010, the Capitol Hill Village Board of Directors established an Endowment
Trust, providing a vehicle for members and supporters to ensure the survival and
vitality of Capitol Hill Village for many years to come.
The fund was established through the donations of several founding members of Capitol
Hill Village. Shortly thereafter, a generous bequest from the estate of Capitol
Hill Village member Elizabeth Stein (pictured here) substantially increased the fund.
“Mom loved living on Capitol Hill as her community, and she felt Capitol Hill Village
is a wonderful extension of that community,” said Stein’s daughter, Dia.
William H. Phillips, previously a member of the Village Board of Directors, serves
as investments advisor and manages the trust’s funds. “The endowment will provide
structure and impetus to solidify the financial support needed to assure the permanence
of the Village in our lives and in the Capitol Hill community,” said Larry Molumby,
a founding Village Board member and its first treasurer.
The Village Board has adopted the policy that all bequests and gifts given in memory
of a Village member shall be paid to the Endowment Trust. In order to promote the
growth of the Endowment Trust, only investment income will be turned over to Capitol
Village for general operations. “The Village promises to provide services to members,
and members make decision about their lives based on those promises,” says Trudy
Peterson. “An endowment allows the Village to keep its promises by helping smooth
out the ups and downs of daily cash flow.”
Please call the Capitol Hill Village office to discuss outright gifts, life-income
gifts, and estate gifts with the Board president or the Executive Director. Learn
how you can ensure the future of Capitol Hill Village and enhance the lives of Capitol
Hill residents by contributing to the Capitol Hill Village Endowment Trust.
CHV Endowment Board of Trustees
Nicholas Alberti served as a mathematical statistician for the US Census Bureau for more than
30 years, responsible for the design, implementation, and evaluation of survey methodology. He
is a member of the DC Alcoholic Beverage Control Board, a commissioner of the 6A Advisory
Neighborhood Commission, and chair of the North Lincoln Park Neighborhood Association.
Todd Cymrot, son-in-law of longtime Capitol Hill activists Steven and Nicky Cymrot,
is the property manager for Lincoln Towers, a small commercial and residential real
estate company on Capitol Hill. He also serves on the board of the Capitol Hill
Community Foundation where he oversees all education grants.
Frank Guzzetta began his career as a Peace Corps volunteer. Eventually, he became president of
the Hecht Company, and then of Marshall Fields, in Chicago. Currently, he is president of Ralph
Lauren Home Furnishings Division. In Washington, DC, he has been an active supporter of a
number of arts projects.
Richard Halberstein received a J.D. degree from the University of Michigan Law School
in 1967, and a L.L.M. degree from Georgetown University, Tax Law Program, in 1974.
As a practicing attorney on Capitol Hill, he has specialized in taxes, real estate,
estate planning, and probate, and has been a member of the law firm of Halberstein
& Byrne, 1990 to the present. Rick’s extensive community service has included advisor
to the Capitol Hill Arts Workshop, board member of Friendship House, board member
Capitol Hill Day School, member and volunteer of Capitol Hill Village.
Trudy Peterson is a certified archivist, and has served as acting Archivist of the United States; a
commissioner with the US-Russia Joint Commission on MIAs/POWs; archivist for the United
Nations High Commission for Refugees; and executive director of the Open Society Archives.