Doug Myles served as a trustee of The Webb Schools for seven years, from 1986-1993, and then as a trustee of The Raymond M. Alf Museum of Paleontology for twenty-four years from 1994-2018, retiring on the occasion of his 90th birthday.
Upon his retirement from board service, Doug and his wife, Ann, made a gift that will forever change the course of the Alf Museum. In addition to a generous $100,000 cash gift for museum endowment, Doug and Ann established the Myles Family Museum Fund. They did so with a testamentary gift designation from Doug’s IRA. The future value of that gift will be over one-third of the museum’s $3 million endowment goal.
Myles identified that IRA funds inherited by heirs are subject to personal income tax, but if given to charity directly they avoid all such taxation. He and Ann have made one of the largest-ever gifts to the museum and will have a permanent place in securing its future.
This endowed gift will not only alleviate annual budget concerns for the museum by producing a steady and reliable revenue stream, but it will ensure the museum is able to recruit and retain a world-class staff, maintain state-of-the-art facilities and underwrite groundbreaking student research.
Their son, David Myles ’80, is a trustee of the schools and their son-in-law, Page Thibodeaux, is a trustee of the museum. The mark this family has made on the Webb community is indelible.