Raymond and Angela LaMoy, Waterbury

 

Raymond LaMoy, a former trustee of Connecticut Community Foundation, found success as a business owner in Waterbury, but people in need were never far from his mind.

During his lifetime, he gave to many nonprofit organizations and established two charitable remainder trusts that will continue his generosity through the Raymond & Angela LaMoy Fund at Connecticut Community Foundation. A remainder trust makes it possible to make a charitable gift during life, receive tax benefits and income during the donor’s life and the lives of others. At the death of all beneficiaries, the assets from the trust are used to establish or add to a fund at the Community Foundation that will provide support for the organizations and institutions the donor chooses.

“He never forgot where he came from, or what it was like for people to struggle,” his wife, Angela LaMoy, remembers. “I think if Ray were here, he would be extremely happy to know about all the good work the Community Foundation is doing.”

Just as Mrs. LaMoy adjusts her current giving to reflect the community’s changing needs, she is pleased to know that the Community Foundation will continue to do the same when their fund is established. “There are so many ways people need help, especially now,” she said. “We believed in sharing what we had, and I still feel the same way.”

In 2007, Mrs. LaMoy established another fund, the Raymond Arthur and Angela Crocco LaMoy Scholarship Fund. The endowed fund provides scholarships for students living in Greater Waterbury and will be added to through her estate plan.