Making a Difference at Marist Today and Tomorrow

Larry ’68 and Sandra Carr

Larry and Sandra Carr believe strongly in supporting education and recognize the value of Marist University. As loyal supporters of the Marist Fund and the Class of 1968 Scholarship, among other programs, they are gratified by how their contributions have helped the University and its hardworking students who are determined to earn their college degrees.

A couple of years ago, Larry and Sandra decided to establish a two-life charitable gift annuity (CGA). Eventually, the annuity’s balance will further enhance the endowment for the Class of 1968 Scholarship. Larry and Sandra benefited from using long-held appreciated securities, which avoided capital gain and provided a charitable gift deduction, to fund it. And, since the creation of their CGA, they started receiving regular tax-free income at a rate guaranteed for their lifetimes. Alternatively, they could have chosen to defer their income until a future year, which would have provided an even higher rate of return.

From their professional and life experience, Larry and Sandra appreciated the many advantages the CGA offered. Larry served as a professor of management and accounting and dean of the Graduate School at Babson College following a distinguished career in industry. Sandra is an attorney having practiced in New York and Massachusetts. As an alumni mentor for the Marist football program, Larry has learned firsthand the many challenges students face in affording a private college education. Larry and Sandra know that their gifts are appreciated and are making a difference.

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