Our Donors & Their Gifts
Theodore W. '45W and Barbara Libbey
Theodore W. (Ted) Libbey graduated in the Class of '45w and in the same year married Barbara Culley at a ceremony in her Washington, D.C., family home. The couple later inherited the house; and fifty years after their wedding, the Libbeys funded a charitable remainder trust by donating the home in which they married. "Giving the home was simple," says Barbara. "We were not only able to make a significant gift to Yale, but also saved money on our taxes and receive a nice income for the rest of our lives."
Since then, to honor her husband and two of their three sons, who also went to Yale, Barbara has gone on to establish a series of charitable gift annuities, which provide her with fixed payments for her lifetime. In fact, Barbara has established thirteen gift annuities, including one in each year of the Yale Tomorrow campaign. Her gift annuities also counted toward reunion giving totals for the Class of '45w. She notes, "While our trust income varies, the payments from my gift annuities are predictable and higher than many investments. It meant a lot to us that we were able to designate our gifts to the Historical Sound Recording Center in the Irving S. Gilmore Music Library. In particular, our gifts honor our son, Ted, Jr. '73, a musicologist and music critic, who has worked both for National Public Radio and the National Endowment for the Arts."