College bars are social crossroads where one can acquire an invaluable education. As Mark Twain famously quipped, "I have never let my schooling interfere with my education."
The focus of this blog post is the generosity of a childless couple who never attended college themselves, but once upon a time owned a bar in a college town.
Enter Casper (aka "Cabbie") and Ida Meyer.
Cabbie and Ida were the proprietors for about a decade.
During that time, students came and went. Some even met their future spouses at Cabbies. (So much for the prohibition on meeting your soulmate in a pub?)
Today, those former students/customers recall that Cabbie and Ida ran a tight ship and did not suffer much monkey business.
If you wanted to play the jukebox while you chowed down on foot-long hotdogs, brick cheese sandwiches on rye bread, and drank dime taps, then welcome and stay.
On the other hand, if you wanted to cause trouble, then hit the road!
Cabbie died in 1991. Ida died in March at age 103 ... leaving a $200,000 bequest to Northland College.
According to a recent Northland News article, titled “Former bar owner bequests $200,000 to Northland College,” Ida told her attorney “I might as well give it back to the College. Those kids were good to us.”
Northland College has established the "Ida and Cabbie's Scholarship" with the bequest.
If you would like to benefit your alma mater or other charity, then talk to your estate planning attorney for the range of options to make that happen.
Photo Credit: Bob Gross, Northland College
Remember: “An ounce of prevention is worth a pound of cure.” When making your financial, tax and estate plans, do not go it alone. Be sure to engage competent professional counsel.
For more information about estate planning in Overland Park, KS (and throughout the rest of Kansas and Missouri) and to download free tools to help you organize your estate, visit my estate planning website.
Reference: Northland News (May 28, 2015) “Former bar owner bequests $200,000 to Northland College”