Lena and Marc Malacoff have made it their goal to extend their support to help tomorrow's generation of students — specifically in the School of pharmacy.
"I'm very passionate about pharmacy," says Lena, who has spent 30 years in the profession. Today she is a relief pharmacist at Kroger Pharmacy and teaches pharmacy lab classes at UH. Marc is enjoying his 30th year with Halliburton and also loves getting involved with the students. Lena and Marc have reached out in every way they can, including letting Pharmacy students live with them.
CAPITALIZING ON THEIR GIFT OPPORTUNITIES
Looking to make an even bigger difference, Lena and Marc took advantage of Halliburton's offer to match charitable contributions to institutions of higher education two-to-one. With this benefit, the Malacoffs were able to establish an endowed scholarship in 2006 by making a five-year pledge.
Recently, they completed their estate plans and joined The 1927 Society by designating the University as a recipient of a percentage of their estate, which will go to their endowment. "It's really an easy process," Lena explains. Upon meeting with an attorney, they were able to get all of their legal documents in place and help their most beloved charities.
"It's a good feeling to know that when we both pass, we're leaving a little bit of a legacy behind to keep our mission of supporting the students," Marc says.
THE JOY OF SEEING HOW THEY HAVE HELPED
Already Marc and Lena have had the ability to see their giving come to life. "Particularly, since we're here in Houston, we see immediate results for what we're doing, and we can participate," Marc says. Each year, they have the joy of meeting their scholarship recipient(s) at a luncheon, and, as Lena says, that means far more than any possession money can buy.
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.