Steinberg-Shao Family Fund

Together since meeting in a Brown University dormitory in April 1974, Eugenia (Genie) Shao and Neil Steinberg were married in 1982 and have lived in the same house in Pawtucket since 1985.

Loyal supporters of their alma mater, especially its sports teams – Neil ran track and Genie was a gymnast – the Steinberg-Shaos have been active Rhode Island philanthropists for more than 25 years, giving largely through the United Way, as well as to specific organizations.

“This is our first legacy gift,” notes Neil, who was named president and chief executive officer of The Rhode Island Foundation in May of 2008. Adds Genie, “We’ve always given for more immediate, grassroots needs, but at this stage in our lives we also appreciate the idea of giving for the long term.” Neil notes that they are confident in the Foundation’s ability to direct the fund’s best use in Rhode Island. “We feel very comfortable relying on the Foundation’s expertise – and its 90-plus year track record – in connecting philanthropists with the needs of the community.”

For most of his career, Neil was a banker, rising to the position of chairman and chief executive officer of Fleet Bank Rhode Island. Prior to arriving at the Foundation he led the most successful fundraising campaign in Brown’s history. Genie, who has taught aerobics for more than 20 years, volunteered in the Pawtucket Public Schools attended by their sons Jason and Eric, now both in their 20s, and has been on the board of the International Institute of Rhode Island since 2003.

Each can clearly recall an inspiration for their philanthropy. “My parents scrimped to send money home to China,” says Genie. “And, in his later years, my father created an endowment at Purple Mountain Observatory in China.” Neil notes, “Throughout my career, I was influenced by mentors who understood their responsibility to be involved and contribute to the community. They led by example.”

Neil concludes, “We recognize how fortunate we are to live in a state where it is possible for individuals to have a significant impact on the greater community, both personally and philanthropically.”

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