THE CAMPAIGN FOR UB
Meeting the Challenge
Professor emeritus and spouse establish scholarship fund through planned giving
Callahan and his wife, Margaret Hensberry Callahan, used a Charitable Remainder Trust (CRUT) to establish the Leroy and Margaret H. Callahan Scholarship Fund for students in the Graduate School of Education who are interested in elementary mathematics instruction.
Callahan says he was grateful to UB for hiring him fresh out of graduate school, and for supporting him and his wife as they raised seven children. "I thought the university and the State of New York were very generous to us, so when The Campaign for UB: Generation to Generation came along, it seemed like a good idea if we could give something back."
With a CRUT, a donor irrevocably transfers assets (such as cash, marketable securities or other property) to a trustee, in this case the University at Buffalo Foundation. During the term of the trust, the foundation, as trustee, invests the assets and distributes the income to the beneficiary or beneficiaries for the balance of their lifetime, or for a term no greater than 20 years.
At the end of the term, the remaining assets are used to benefit a school or program of the donor's choosing at the University at Buffalo.
If you would like more information on a Charitable Remainder Trust and how your gift may generate valuable benefits for yourself, your loved ones and the university, please contact Wendy Irving, senior director of planned giving, at (716) 645-3312 or email@example.com.
Couple show civic leadership with $1 million gift to be shared by nursing and engineering schools
"Dick and Pat Garman have long been generous and caring supporters of UB, and this most recent gift demonstrates not only their leadership in that regard, but the depth of their commitment to our students, our faculty and to the excellence of our programs," said Greiner.
Pat Garman, M.S. '79, a retired psychiatric nurse, gave $500,000 to the School of Nursing to promote the advancement of education, research and practice in the area of behavioral health nursing. She has been honored for her leadership in cultural and community organizations, including those working on behalf of people with mental illness. She also serves as honorary cochair of UB's School of Nursing Campaign Committee.
Dick Garman, former president and CEO of Buffalo Crushed Stone and ABC Paving Company, gave $500,000 to the School of Engineering and Applied Sciences for undergraduate scholarships in civil engineering. Honored as one of Western New York's most influential business leaders, Garman serves or has served on the boards of several professional and nonprofit organizations.
Courtroom named for alumnus in recognition of
The UB Law School was the first in the nation to have a functional courtroom (it opened last fall) that regularly hosts actual trials in its building. The University at Buffalo Council has named it the Francis M. Letro Courtroom, in honor of Letro's gift.
UB President William R. Greiner notes: "This is precisely the kind of active, interconnected and intellectually vibrant educational environment that UB excels in providing, and we are tremendously grateful to Fran Letro and his wife, Cindy Abbott-Letro, for their outstanding support in helping us make this innovative new advancement possible."
Letro returned the compliment: "I always said that when I was able, I would give back to the UB Law School, which helped me achieve my dream.
"In addition, I want to thank President Greiner, not only for seeing something in me and advocating my acceptance when he was the professor coordinating the Law School's admissions, but also for the role of mentor and friend that he has played in my life."
As a first-year law student, Letro remembers attending trials in the Erie County Courthouse, which was just across the street from the University at Buffalo Law School's former downtown campus. Now, he applauds the addition of a functional courtroom as "a way of bringing the legal community to the Law School."
Located across from student classrooms on the first floor of John Lord O'Brian Hall on the North Campus, the innovative courtroom features a multifunctional design that allows its use for appellate arguments, as well as trials. The Appellate Division of the New York State Supreme Court Fourth Department has already used the courtroom, as have federal and state trial courts.
An outstanding litigator, Letro has served as president of the Western affiliate of the New York State Trial Lawyers Association and as a member of its board of directors.
He and his wife, who is a television personality and community leader, are also active in Western New York philanthropic and arts organizations.