National Philanthropy Day Honors Legacy Giving

Tuesday, December 15, 2015

Larry and Meredith Breault with Dr. Ed Massey, President of IRSC
 
Lisa and Larry Stewart with Dr. Ed Massey (L) and Ann L. Decker, IRSC Foundation Executive Director (R).
 

National Philanthropy Day Honors Legacy Giving

The Treasure Coast chapter of the Association of Fundraising Professionals recently held its National Philanthropy Day celebration to honor the generosity of area philanthropists. For the first time, the event was sold out. The audience enjoyed the suspense of the “academy awards” style presentation as the surprise winners were revealed.

The event has two special awards that recognize people who have made gifts in their estate plans during their lifetimes.Two of IRSC's nominees were recognized with these prestigious awards: Larry and Meredith Breault and Lisa and Larry Stewart on behalf of the Philip Banks Memorial Trust.

The Living Legacy Award was presented to Larry and Meredith Breault, who are generous supporters of scholarships at IRSC and have established gifts for the college and 4 additional local non-profits in their estate plan.

Partners in business as well as in life, Larry and Meredith Breault owned an Executive Recruitment business for 34 years. Originally based in New Jersey, the Breaults relocated to Port St. Lucie 25 years ago.  In both their business and community service efforts, this generous couple operates “under the radar” and does not actively seek any recognition for their volunteer efforts.

Their community service is part of their “Plan B” for their lives following their recent retirement.  As Larry states, “At our age and station in life, we’re happy to give back in any way we can to the local nonprofits, especially those focused on young, disadvantaged children. To this end, we’ve come to believe children need to be helped at a very early age before they fall too far behind the curve.”

The Breaults conducted research and chose a few nonprofits in order to concentrate their efforts and make the most impact. In 2000, they established an endowed scholarship at IRSC and have since annually donated funds to assist 14 students with scholarships.

Through their estate plans, this kind and generous couple will continue to help others well into the future. Larry and Meredith Breault epitomize the expression “leading by example”.  Fortunately for our community, their legacy of generosity and leadership will continue beyond their lifetimes.

The Lasting Legacy Award which is awarded posthumously, was accepted by Larry Stewart, an estate planning attorney from Stuart, on behalf of his former client, Mr. Philip Banks. The Philip Banks Memorial Trust  provides for payouts during a 25-year period to fund scholarships for students who graduate from high schools in Martin County for a total of 10 scholarships per year.

Currently, the Philip Banks Memorial Trust is providing four-year scholarships for each recipient with a payment of $1,500 a year for a total of $6,000 per recipient.

Through this partnership, it is projected that, over the 25-year period of the Philip Banks Memorial Trust, 250 or more students will receive assistance to attend college.