Legacy Donors


Have you remembered AEF in your estate planning will or trust? Your planned gift can enhance the education of Albany students in a variety of ways and may result in a tax benefit for your estate. We are happy to discuss the possibilities with you.

With the recent Taxpayers Relief Act, donors of at least 70 1/2 years of age can now transfer any amount, up to $100,000 annually, directly from their IRA to the Albany Education Foundation.  The distribution is tax-free and counts toward your required minimum distribution. It is a great way for you to make an extra or increased gift to AEF.


Bequest from Albany Resident and Legacy Donor Mary Wallmann

August 26 2014 004Former AEF Board Member Mary Wallmann, served as the Albany High School librarian and had a great love of reading. She passed away in 2013, leaving us a generous bequest which was supplemented by donations in her memory from family members and friends.

Recognizing the value she placed on both reading and the availability of books to all children, AEF contributed these funds to provide books for each of the three Transitional Kindergarten classes located at the Albany Children’s Center as well as to establish an onsite library for all ACC students.  These books will augment those previously donated by AEF to meet the growing needs of the TK program.


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Former ACC Director, Susan reading in the new reading area


Bequest from Albany Resident and Legacy Donor Elisabeth Bell

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Early in 2013, the Albany Education Foundation received an unexpected and totally surprising phone call that we had recieved a generous bequest from community member Elisabeth Bell.  Needless to say we were overjoyed and determined to use the money in a way that would please and honor Elisabeth.  After long and hard thought and several converstions with the Albany Unified School District, AEF decided to make a commitment for 5 years to support the school libraries.

Later in 2013 AEF board members visited each school site and surprised the librarians with gift cards purchased from Barnes and Noble for an amount equaling one dollar per student. MacGregor High School received five dollars per student due to its low total enrollment. One of the librarians thanked us, writing “Having the money available for books through Barnes and Noble is a HUGE boon to the AHS library. It is so wonderful to be able to get a book for a student or teacher immediately when they request it!”

In spring of 2014, the Elisabeth Bell photo lab was dedicated at Albany High School.  Thanks to the generous bequest by Elisabeth Bell, AEF was able to create an “old fashioned” dark room at AHS for students to learn how to develop film and increase their understanding of photography.AHS photo lab April 2014 001AHS photo lab April 2014 004





If you never had the pleasure of knowing Liz Bell, you missed a charming woman.  She and her husband, Sid, were longtime Albany residents. She grew up in Germany, immigrating to this country after World War II. A banker by profession, she put those skills to good use voluntarily serving as the treasurer of the Albany Chamber of Commerce for many years.  For more about Liz Bell please see the January 22, 2013 Albany Patch article.