Milestones in ABE History
American Bar Association resolves to create an Endowment fund to generate funds for research and education programs.
American Bar Association Endowment granted a not-for-profit charter, February 13.
Campaign to establish a permanent fund begins.
Endowment receives tax-exempt status. William Nelson Cromwell bequeaths $400,000 to establish a library.
American Bar Foundation created as the research arm of the American Bar Association.
William Clarke Mason proposes that sponsorship of group life insurance could provide funds for the Endowment.
Cromwell Library opens at the American Bar Center.
First life plan* offered to members.
Dividends from insurance plans exceed grant requests; funds deposited for investment.
First group Disability Income Plan* offered to members.
Endowment makes first grant to Fund for Public Education (now Fund for Justice and Education).
Name changed to the American Bar Endowment.
Memorial Fund established to receive member contributions.
Separate Hospital Money Plan* introduced.
Catastrophic medical insurance** program made available.
Accidental Death and Dismemberment* coverage added.
Endowment establishes Outstanding Public Service Project Award as part of Young Lawyers Division's Awards of Achievement competition.
Endowment makes $1,000,000 grant to the National Judicial College; establishes Young Lawyers Division Liaison.
Insurance programs restructured based on the IRS ruling to give members option of reclaiming dividends.
Professional Overhead Expense* policy offered to members.
American Bar Insurance Plans Consultants, Inc. established as a for-profit subsidiary.
American Bar Endowment celebrates 50th Anniversary. Total grants top $100 million.
The 5-Year Banded Term Life Insurance Plan* was introduced in September.
Mid-Term Disability* introduced.
The 10-Year Term Life Insurance Plan* became an ABE-sponsored option for members of the ABA.
The 20-Year Term Life Insurance* was added to available insurance plans sponsored by the ABE.
The Retirement Contribution Disability Insurance* was added to available insurance plans sponsored by the ABE.
The maximum Long-Term and Mid-Term Disability Plans* monthly benefits increase to $12,000/month for members.
The Group Hospital Money Plan* daily benefit amount increased to $500/day for members and spouse/domestic partners, and increased to $250/day for children.
The 50+ Multi-Benefit Term Life Insurance* was introduced as a new option sponsored by ABE.
The Long-Term Disability Plus Insurance* became an ABE-sponsored option for members of the ABA.
The 5-year Banded Term Life Insurance* maximum benefit was increased to $1 million for members and spouse/domestic partners.
*Underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010 on Policy Form GMR.
**Underwritten by The United States Life Insurance Company in the City of New York.