Larry and Joyce (Lewis) DeYoung, Class of 1969
Larry and Joyce (Lewis) DeYoung, Class of 1969
Larry and Joyce (Lewis) DeYoung, Hiram class of 1969, met during their freshman year at Hiram. They were married
the summer after their graduation and now live in the Philadelphia area. Joyce, who has a PhD in pharmaceutical
chemistry, was impressed with how her Hiram education prepared her for advanced study; she continues to benefit from
the Hiram degree, even drawing on the American Economic History course she took on the Hill in discussions with her
colleagues in the pharmaceutical industry. Larry says he has had multiple careers and credits his Hiram background for
preparing him for pursuit of his master's degree in economics and for helping make him adaptable to those several
career changes, from financial analysis to teaching to marketing to managing the operations of a railroad company. He
currently works in the railroad industry.
During the course of her working life, Joyce acquired some shares with widely divergent basis in a Fortune 500
pharmaceutical company she worked for in the 1980s and 90s. They were then kept in dividend reinvestment, further
complicating the tax basis of the investment. The prospect of liquidating those shares and calculating the basis for
them was daunting, so the availability of the charitable remainder unitrust as a vehicle to make a significant
donation to Hiram and to draw the benefit of the investment during retirement years appealed to the couple, so they
have done that. It is not their only provision for Hiram in their estate, though, as their wills also name the College
as the recipient of a significant bequest.
Both served on Hiram's Board of Visitors and continue to support the College's mission. Larry is currently a member of
the Hiram College Board of Trustees. "We want Hiram to survive, and more than that, be a vital force for the
development of young people long into the future. That can be difficult for a small, rural, private college, so we are
putting our money where our mouths are and helping to provide resources so that Hiram College may thrive for a long
time to come," says Larry.