Scholarship Funded Now, with More Later

Edward E. and Nancy Hoyt Langbein ’56

In 2004, Nancy Hoyt Langbein ’56 and her husband, Ed, decided to downsize, selling their home for what they described as a “modest nest egg.” Following the sale, they began considering gift options with a focus on net income.

“We were attracted to the joint charitable gift annuity proposals that Colby-Sawyer College provides, which offer a fixed return (part of which is tax exempt) and an immediate charitable income-tax deduction,” said Nancy.

A joint charitable gift annuity also afforded Nancy and Ed another option that they had been thinking about—their wish to establish a scholarship at Colby-Sawyer to reflect Nancy’s appreciation for the wonderful college experience that she enjoyed. “We wanted to give other students an opportunity to experience all that Colby-Sawyer has to offer them,” Nancy said.

Making a gift to Colby-Sawyer through a joint charitable gift annuity allowed Nancy and Ed to realize that wish. “Supported by our gifts to the Colby-Sawyer Fund, it was possible to immediately set up a scholarship,” Nancy said.

Establishing a scholarship also meant reconnecting with the college on a whole new level. “We’ve really enjoyed getting to regularly meet the scholarship recipients,” said Ed, “including our current recipient, who is a student from the class of 2017 from our home state of Maine.”