UMaine Athletics receives record-setting estate gift
The University of Maine Foundation, a New England Council member, will be receiving the largest single gift from an individual to support Black Bear athletics in the University’s 149-year history: a $16 million donation from the estates of Black Bear alumnus Pierre “Pete” Labat and his wife, Catherine Clair Labat.
According to the terms of their gift, the funds will be specifically and solely allocated to the benefit of UMaine Athletics for purposes including enhancing student support and success, coach and staff recruitment and retention, capital expenditures, and departmental support.
“This transformational gift will establish the Pierre D. Labat and Catherine C. Labat Athletic Leadership Fund, which will provide critical support for Black Bear student-athletes and athletic facilities,” said Foundation President and CEO Jeff Mills. “The Labats’ generosity reflects their love for UMaine and their belief in the role athletics can play in helping young people develop and practice self-discipline in the personal, academic, and career aspects of their lives.”
The New England Council congratulates the University of Maine Foundation on this opportunity to support Black Bear student-athletes further.
Read more via the University of Maine.