What happens when you combine a profound appreciation for the power of education, deep gratitude for opportunities opened by a scholarship, setting priorities, and career success?
For J.T. Mosbacher and Heidi Morris-Mosbacher, you get the chance to be among the youngest alumni ever to endow a scholarship for future business students at WashU Olin Business School.
“Education and philanthropy are very important to our family. It has shaped who we are,” said J.T., AB 2010/PMBA 2015. “These are some of our biggest priorities. Heidi and I have deep discussions about how to pave the path forward.”
Indeed, for Heidi, AB 2009, it’s a perfect opportunity to give back after being a self-described “scholarship kid.” Thirteen years after graduating from WashU, she was excited to let her own scholarship donor know of their gift.
Both J.T. and Heidi work as financial advisors for Edward Jones in St. Louis, where they take great pride in serving in coaching roles with their clients, helping them to set and achieve goals. The couple sees the ability to endow a scholarship as an extension of some of the work they do with clients—prioritizing and establishing a legacy.
Impacting lives ‘in perpetuity’
“We’ve been blessed with career success,” Heidi said. “Our hope is that we can impact the lives of others in perpetuity. With what we do for a living, we are confronted by the following questions: ‘What do we want our legacy to look like? What impact do we want to have on the world?’ on a near daily basis. I see our legacy as threefold: the human beings we shape our children into, philanthropy, and being a part of our clients’ life stories.”
The couple also hopes to instill these values into their three children. “Our hope is that our actions will inspire them and others along the way,” said J.T.
The pair met at WashU thanks, in part, to what J.T. described as his “snaking path” to a career. Initially, he felt pressure to declare a major early on and chose architecture but soon realized that was not going to be his career. “Going to a university that was forgiving if I changed my major was a prerequisite. I also have a second major in American Culture Studies,” he said. “That’s how I met Heidi. She’s a dual major in Political Science and American Culture Studies.”
For her part, Heidi found a path as a WashU student looking into investment research. “I didn’t grow up around investing jargon. I didn’t know what stocks or bonds were,” she said. “I stumbled upon investing my freshman year and ended up in a brokerage firm office at 18 years old telling them I wanted to open an account. The advisor looked at me and asked if my parents knew I was there.”
Her path eventually led her to study at the London School of Economics.
Enduring influence of WashU
“Not only do I enjoy wealth management and financial planning, the true highlight of my career is forming relationships with the families that I serve,” she said. “I enjoy getting to know people on a very deep level and helping them achieve their version of financial success.”
J.T. and Heidi’s contribution brings the number of endowed scholarships at Olin to 205 as of December 2022. Their endowed scholarship was established with a gift where a portion of the earnings are reinvested, helping to ensure resources for the scholarship will always be available.
Both J.T. and Heidi specifically recalled a personal finance course they took under Mike Gordinier as a highlight of their WashU education. “That was a phenomenal class,” Heidi said. “It opened my eyes to a career path.”
For J.T., joining a cohort of young professionals in their PMBA program was also a formative experience as successful classmates worked together to catapult their careers: “The discussions and ability to relate to our work experiences helped bring the theories we learned in the classroom to life.”