Penn Mutual Life Insurance Co. associates have endowed a professorship at The American College, naming it for a respected colleague. The Charles E. Drimal Estate Planning Professorship will offer advanced courses in estate planning for professionals who have three to five years of financial services experience.
The idea came about when Penn Mutual President Daniel Toran, a board member of the college, saw that individuals were making generous gifts to the college and thought companies should get involved. The Penn Mutual gift of $500,000 includes individual donations and a corporate match. They chose honor Drimal after “Charlie had just passed away. He was a natural because not only was Charlie eminently thought of in the Penn Mutual family but also in the industry,” says Toran. Drimal was a general agent who led a major Penn Mutual office in New York City. It was easy to “match Charlie’s legendary record with the concept of fundraising for the College–Charlie was a great believer in education and in financial service professionals continuing their education.”