Where There's a Will, There's a Way
Donors to Lake Superior State University vary in their backgrounds, financial status and occupations. They are as unique as the 300-plus accounts held at the LSSU Foundation for their respective purposes. The common denominators of our donors are their generosity and their desire to help LSSU students. Such is the case with a recent estate gift from longtime Laker hockey fan, Marion Albrough, who passed away in May 2015.
Albrough was described as a hard worker, employed through the Sault Ste. Marie-based nonprofit, Northern Transitions. She worked for several local industries, took pride in her duties and, according to one employer, displayed a good sense of humor when she wanted to. She was an avid Special Olympian participant in many activities held in LSSU’s James Norris Events Center.
If you have attended a Laker hockey home game, you probably rubbed elbows with Albrough. She was a season-ticket holder and could be found at her spot in the foyer between the Bud Cooper Gym and Taffy Abel Ice Arena, hours before a game, greeting the coaches and players.
“During my time as the Norris Center facility director, I would often visit with Marion,” said Tom Coates, LSSU Foundation executive director. “It was typical to see our hockey coaches and players greeting Marion on their way to the locker room. I could tell a strong rapport and relationship was being built with her.”
That proved to be the case. With the guidance of her family representative, an Irrevocable Living Trust was established in 2001 naming Albrough’s three most important beneficiaries—a local church, her cousin and the Laker Hockey Program.
“I was pleasantly surprised when I learned of Marion’s generous estate gift in support of our hockey program,” said Coates. “It shows how passionate she was about Laker Hockey, and how our coaches and players made such a positive impact on her.” The trust document stipulates that “one quarter of her holdings is earmarked for the sole benefit of the Laker Hockey Team for whom I have been a fan for many years.”
Albrough’s estate settlement is coming to a close after a lengthy legal process. As an estate planning rule of thumb, it is recommended to inform beneficiaries of one’s estate plan. Providing an excerpt or one page from your will is an easy way to notify the intended individual or charitable organization. This can result in timely and potentially less costly settlement of one’s estate.
“We are very appreciative and pledge to be good stewards of Marion’s generosity,” said Coates. “We will collaborate with the Laker Hockey coach and athletic director to fulfill Marion’s wish in helping to advance the hockey program and to properly recognize her for this special gift to Laker Hockey and to the student athletes.”
If you wish to include LSSU in your estate plan, please contact Sharon Dorrity '87 at 906-635-2665 or firstname.lastname@example.org for additional information. For estate planning advice, please consult with your attorney or an estate planning adviser.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.