Lorraine Marano’s Legacy Lives On Through $7.5 Million Endowment

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Marking the two-year anniversary of the death of SUNY Oswego’s largest donor, the trustee of the Lorraine E. Marano Living Trust, Theresa A. Sugar Scanlon, came to campus Sept. 28 to dedicate with President Deborah F. Stanley a plaque installed in the Marano Campus Center, which was named in honor of Lorraine and Nunzio “Nick” Marano’s generous community spirit and their $7.5 million gift. Marano’s estate gift to SUNY Oswego—the largest in the college’s 154-year history—has been invested to establish the Lorraine E. and Nunzio “Nick” C. Marano Endowment, which will be used to fund scholarships for students with financial need, especially those who are first-generation college students. The endowment is expected to yield at least $300,000 annually in perpetuity to support students. The college expects to select the first recipients of the scholarships in 2016-17 academic year for use in the 2017-18 academic year. Photo by Jim Russell ’83.

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