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$75 million bequest to Marist College from one of the
20th century’s leading businessmen and industrial-
ists will establish an institute to educate and train individuals
in the art of leadership in business, government, and the
nonproft sector. Raymond A. Rich bequeathed to Marist a
60-acre estate on the Hudson River that contains one of the
most historically and architecturally signifcant homes in the
Hudson River Valley. The Payne Mansion, located in the Ulster
Institute
for Leadership Development