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Creating a Legacy of Generosity at ECU

Creating a Legacy of Generosity at ECU
Lynn (left) and Pat Lane with ECU student Cara Gohn, center

Pat and Lynn Lane are purple and gold through and through. And with their current and future support of East Carolina University, they have ensured that their legacy will have an effect for generations.

From their very generous support of the School of Music, College of Fine Arts and Communication, College of Education and the EC Scholars program to their involvement with college advisory councils, foundation boards of directors and ECU athletics, the Lanes have become an integral part of ECU, part of its day-to-day DNA.

Pat Lane graduated from ECU in 1967 with an accounting degree, after transferring to ECU from Catawba College in Salisbury, N.C. After graduating, he worked at R.J. Reynolds Industries in Winston-Salem, N.C., where he and Lynn met. They married in 1979, and Lynn became a Pirate.

"I didn't know much about ECU at all, until I got married. I quickly figured out I better bleed purple, or I would be in big trouble," Lynn says.

Since 1979, they have become more and more involved in athletics and academics at ECU, seeking to balance their contributions of both time and money between the two.

"We've expanded our involvement across the university because we see what a difference it can make for kids," Lynn says. "Scholarships are a big thing for us. It's a high priority for us because we see what it can do for students."

Providing for a Brighter Future

To that end, they have created scholarships in the College of Fine Arts and Communication, endowed a scholarship for the EC Scholars program, and created the Pat and Lynn Lane Education Scholarship Program in the College of Education, which provides up to two years of scholarship assistance for junior and senior education majors who agree to teach in eastern North Carolina for at least two years.

"We felt like those people will make an impact; they will become teachers," Pat says. "We restricted it to the eastern North Carolina counties, and we structured it so it was a year-for-year trade-off, so if they get the scholarship for two years, they have to teach in eastern North Carolina for two years."

In August 2011, they also made a planned gift, leaving part of their estate to increase their endowments in the College of Fine Arts and Communication and the university's flagship merit scholarship program, EC Scholars, and to endow their College of Education scholarship program.

"We wanted to get on paper, obviously to take care of our family first, but then after that, we wanted to take care of these programs, specifically the College of Education, the endowment we have in the CFAC and then the scholarship endowment in the EC Scholars," Lynn says. They also bequeathed part of their estate to Lynn's alma mater, Greensboro College.

"The schools we included in our wills are our priorities, and we had talked about this, but we had not changed our wills," she says. "We finally decided that now is the time to do it. After taking care of our granddaughters and some other small bequests, we decided to leave the remainder of our estate to our alma maters."

They plan to continue giving during their lifetime, to support their endowments even before their estate plan kicks in. "In the event we can't do as much of that as we would like, we would like for it to be taken care of after we're gone," Lynn says.

And even though Lynn is not an ECU graduate, she has as much pride as the most devoted Pirate. "If you have a connection to the university, you need to make a commitment," she says. "It was part of your heritage. Even though I didn't go to school here, I feel very much a part of it."

"We're pretty strong advocates," Pat says. "We strongly encourage people to find their passion and get involved in it. Give back to it."

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 examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.


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Kendra Alexander Kendra Alexander
Gift and Estate Planning Officer
alexanderk@ecu.edu
252-328-9566
Greg Abeyounis Greg Abeyounis
Associate Vice Chancellor for University Development
abeyounisg@ecu.edu
252-328-9573
Mark Hessert Mark Hessert
Associate Executive Director of the Pirate Club
hessertm@ecu.edu
252-737-4543

The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor.