Mary Farrell Lacombe truly understood the benefits of gift planning.
First, she understood the benefits of charitable gift annuities and established 14 of them at Colby. They provided her with a fixed income after her husband’s death in 1983 and funded the Raymond E. and Mary Farrell Lacombe Scholarship Fund, which supports students from Maine studying chemistry. Second, she created a bequest to Colby, which augmented the scholarship fund. Third, she named Colby as a beneficiary of a retirement plan, which avoided the income tax payable by any individual beneficiary.
Mary and her husband, Raymond Lacombe ’42, were both born in Waterville and attended Colby at the same time. They lived in St. Louis, Mo., most of their lives, where Raymond worked for Monsanto Corporation and Mary attended graduate school and worked as a teacher. The couple frequently visited family in Waterville and Exeter, N.H., maintaining their ties to northern New England and to Colby.
Mary passed away in August 2009. She was grateful for the opportunity to attend Colby, and she made sure other Maine students would have that opportunity as well. Mary’s thoughtful planning and the realization of those plans honor the memory of her husband and will have a lasting impact on Colby and its students. Now that’s good chemistry.
If you would like to learn more about planning that can meet your financial and charitable goals, let’s talk. Please call Susan Conant Cook ’75, P’11, director of gift planning, at 800-809-0103 or e-mail her at firstname.lastname@example.org.
To learn more about how your inspired gift can make a lasting impact on generations of Colby students, please contact the Office of Gift Planning. Call Susan F. Cook ’75, P’11, at 800-809-0103, e-mail email@example.com, or visit www.colby.edu/willows.